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Kuwait Finance House Divests Sharjah Islamic Bank Stake for $351 Million
Kuwait Finance House has completed the sale of its entire stake in Sharjah Islamic Bank, fetching $351 million. This divestment marks a significant shift in the bank’s investment strategy, reflecting a broader trend of strategic asset reallocation in the Gulf banking sector.The sale involves a substantial block of shares, marking
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Fed holds interest rates steady, downplays economic weakness | Reuters
By Lindsay Dunsmuir and Jason Lange | WASHINGTON WASHINGTON The U.S. Federal Reserve kept interest rates unchanged on Wednesday and downplayed
$1 Bn Pact to Launch Digital Real‑World Asset Platform
Charles Group has entered a $1 billion strategic partnership with the US-based Patel Family Office to co-develop a digital investment platform targeting real estate and infrastructure assets across the UK, GCC, India and the SAARC region. The memorandum of understanding, signed
PepsiCo profit beats on demand for healthier snacks, drinks | Reuters
PepsiCo Inc reported higher-than-expected quarterly revenue and profit as the company benefited from demand for its healthier drinks and snacks and kept a tight leash on costs.The company's shares, which had risen 9.1 percent this year, were off 1
