Live Breaking News & Updates on Aramco Downstream|Page 20
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CAIRO: Startups across the Middle East and North Africa region managed to raise significant funding rounds, hailing a rebound in the venture capital space. Saudi Arabia’s fintech sector marked a significant stride with LYNK successfully securing an investment round. This financial boost came from notable backers Al Fozan Holding and Ramla Holding Group, although the investment amount remains undisclosed. . ....
Aramco, overwhelmingly an oil producer, aims to boost its gas production by 50% by 2030 from 2021 levels. It said in late September that it agreed to acquire a strategic minority stake in liquefied natural gas (LNG) company MidOcean Energy for $500 million, with an option to increase the stake - part of its push into natural gas. ....
TUNIS: The escalation of violence between Israel and Hamas has sparked concerns about its potential impact on the world economy. As the international community watches this tragic spectacle unfold, the question arises: Could this be the pivotal moment when the “Global South” asserts itself as a formidable geo-economic force?. ....