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Qatar joins finance of Elon Musk’s Twitter acquisition – (Tweets)

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1 year ago

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Qatar joins finance of Elon Musk's Twitter acquisition - (Tweets)

Doha – “Al Quds Al Arabi”:

Reports and a wide range of information revealed the participation Diameter Businessman Elon Musk is in the process of financing the acquisition of Twitter.

Al-Quds Al-Arabi Qatar has been monitoring information about funding with key investors around the world. Twitter Acquisition.

A report released by the Bloomberg Network said that Musk had succeeded in convincing the world’s largest investors to finance the biggest deal in the history of acquisitions in the technology sector.

So far, Qatar Holding seems to be the investment arm Qatar Investment Commission $ 375 million was shared among co-financing investors.

According to similar sources, Qatari parties could raise the value of the funds they receive Global Twitter site Their total potential is likely to exceed half a billion dollars.

Several international financial institutions were reported to be involved in the funding process.

Is in addition to the most important contributors For a device with a diameterFidelity Investments, Brookfield Asset Management and Lawrence J. Ellison Fund, the largest contributor with $ 1 billion.

According to sources close to al-Quds al-Arabi, the world’s richest man has raised $ 7.14 billion from a group of investors to finance the acquisition of al-Quds al-Arabi. Twitter Inc For $ 44 billion.

Al-Waleed bin Talal withdraws his statement

The latest revelation shows that Saudi Arabian investor Prince Alwaleed bin Talal initially opposed the purchase, agreeing to convert his $ 1.89 billion stake into a deal instead of selling it.

The move comes as Muskin’s margin debt has been slashed from $ 12.5 billion to $ 6.25 billion previously announced.

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Musk’s $ 21 billion financial commitment turned into $ 27.25 billion.

Elon Musk will continue to negotiate with existing Twitter shareholders, such as former chairman of the company Jack Dorsey, to contribute shares for the acquisition.

Reuters reports that Musk has been in talks with big investment firms and the rich about getting more funding to acquire Twitter and reducing his money in the deal.

Larry Ellison, a Tesla board member who describes himself as a close friend of Musk, has donated $ 1 billion.

Twitter headquarters in Dubai

Various sites have suggested that Qatar’s merger with the financiers of Elon Musk’s acquisition of Twitter may be subject to change.

According to local sources, Twitter’s regional headquarters in Dubai could be relocated to a capital other than the Emirates’ economic capital.

Activists spread information about the possibility of acquiring the regional headquarters in Doha, Dubai, the capital of Qatar.

Twitter headquarters in Dubai

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Twitter and its regional headquarters in Dubai are suspected of publishing a number of false news and serving Emirati agendas.

Activists have launched a campaign on the site after a series of scandals that have spread in recent times.

Al-Quds Al-Arabi has previously published a detailed investigation Twitter headquarters in Dubai In the slander campaign against Qatar.

Qatar Investment Commission

Established by Qatar Qatar Investment Commission In 2005, Order No. 22 of 2005 was established, establishing a sovereign wealth fund specializing in domestic and foreign investment and managing oil and natural gas surpluses.

And occupies Qatar Investment Fund It is the ninth largest sovereign property fund in the world, according to data from the SWFI Institute, which specializes in monitoring the movement of these funds.

The fund aims to improve the competitiveness of the Qatari economy, diversify the economy and improve local capabilities.

He wants to be one of the first investment companies and in his view seeks to be the best partner for the choices of investors and financiers.

The Government of Qatar has worked for many years to invest in its sovereign wealth, which will enhance its relations with the outside world and strengthen its political role, in line with a strategy to achieve diversification of revenue sources and geographical distribution.

In those years, many countries in Europe and Asia benefited The country’s investment is flowing At different times.

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Economy

OPEC Secretary General: Lack of Oil Investments Threatens Energy Security

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15 hours ago

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October 3, 2023

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OPEC Secretary General: Lack of Oil Investments Threatens Energy Security

Oil prices rose 30 percent in the third quarter as supply shortages persisted

ABU DHABI, TOKYO – Reuters: A lack of investment is putting energy security at risk, Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) Haitham Al-Qais confirmed yesterday at the ADIPEC oil conference in Abu Dhabi. OPEC’s secretary-general added: “We call for continued investment in the oil and gas sector, and we believe calls to freeze investment will be counterproductive,” Reuters reported.
Al-Qais confirmed that OPEC is optimistic about oil demand.
In the middle of last month, the chief OPEC official warned against abandoning fossil fuels in his first response to the International Energy Agency’s latest reports.
OPEC Secretary General Haitham al-Qais said that abandoning fossil fuels would “lead to energy chaos on an unprecedented scale, with dire consequences for economies and billions of people around the world.”
Major international oil major BP said countries around the world should invest in oil and gas production to avoid a sharp rise in their prices, while accelerating the energy transition to tackle greenhouse gas emissions.
(ADIPEC 2023) is considered to be the largest event in the world’s energy and oil industry and is supported by the Ministry of Energy and Infrastructure in the United Arab Emirates and a group of partners. It is a platform for exchange of ideas and global debate. Challenges affecting energy markets and their effects on prices, including political challenges and international conflicts and their impact on energy supplies, provide a roadmap and future solutions to support and develop a sustainable, secure and low-cost energy system.
In turn, oil prices rose on Monday, recovering some of their losses from last Friday, as investors focused on global supply shortages and expectations of a last-minute deal to avoid a US government shutdown, which restored their appetite for risk. By 09:49 GMT, Brent crude futures for December delivery were up 54 cents, or 0.59%, at $92.74 a barrel, after falling 90 cents in last Friday’s session. Brent crude oil for November delivery was down seven cents at $95.31 a barrel when the contract closed last Friday.
West Texas Intermediate crude futures were up 49 cents, or 0.54%, at $91.28 a barrel, after falling 92 cents.
Both crudes rose nearly 30% in the third quarter, supported by expectations that oil supply shortfalls will widen in the fourth quarter after OPEC+ extended voluntary production cuts until the end of the year.

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Economy

Emirates News Agency – “Kadem” mission showcases critical communications capabilities at Oman Defense, Security and Fire Expo

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23 hours ago

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October 2, 2023

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Emirates News Agency – “Kadem” mission showcases critical communications capabilities at Oman Defense, Security and Fire Expo

Monday, October 2, 2023 – 5:57 p.m

ABU DHABI, 2nd October, 2020 (WAM) – “Katem”, a subsidiary of EDGE Group and a leader in developing innovative and ultra-secure communication solutions, is participating in the Oman Defense, Security and Fire Exhibition 2023. Showcase an advanced portfolio of ultra-secure devices and network encryption solutions.

The international exhibition, to be held in Muscat on October 9 and 10, is an important forum for the critical communications sector in the Gulf Cooperation Council countries and the Middle East region in general.

During the event, the company will showcase its next-generation secure smartphone, which aims to offer advanced security features and capabilities to meet mission-critical needs.

Katam’s participation in the exhibition is a strategic move aimed at reaffirming its commitment to mission-critical sectors including emergency response, public safety and critical infrastructure protection. The company’s booth will showcase a range of ultra-secure devices, including KATIM X2, an ultra-secure 5G smartphone for government leaders, senior executives, emergency responders, individuals and teams handling sensitive information. and the KATIM R01, a rugged smartphone for critical communications in harsh field conditions.

KATIM will showcase its latest network encryption software, the KATIM Gateway 9011, which provides advanced post-quantum encryption for sensitive communications and data transmission to address increasing data interference during data transmission. Exhibitors can visit Katam at booth F10 to meet the company’s team and learn more about secure communications solutions for mission-critical operations.

Mustafa Badr al-Din / Ahmad al-Nu’imi

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Economy

38,344 new accounts in “Dubai Market” within 9 months

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2 days ago

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October 2, 2023

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38,344 new accounts in “Dubai Market” within 9 months

Brokerage firms in the Dubai Financial Market added 38,344 new investor accounts in the first nine months of this year. The number of new accounts fell by about 2.3% in the first 9 months, compared to 39,250 new accounts in the same period in 2022.

Last September, 3,526 new accounts, 4,295 accounts in August, 3,570 accounts in July, 4,246 accounts in June, 5,349 accounts in May, 4,246 accounts in April, 6,591 accounts in March, 3,436 accounts in February and 3,082 accounts were distributed in February. .

“Emirates NBD Securities” led the way in new investor accounts in the first nine months with 8,719 accounts, followed by “BHM Capital” with 7,206 accounts, then “Al Ramz Capital” with 6,297 accounts, followed by “Abu Dhabi Islamic Securities”. 4,375 accounts, “International Bonds” 3,024 accounts and “Mashreq Securities” 2,261 accounts.

“EFG Hermes – UAE” reached the eighth position with around 1,154 accounts, followed by “Abu Dhabi Commercial Securities” with around 941 accounts, “First Abu Dhabi Securities” with 786 accounts, “Arqaam Securities” with 714 accounts and “Sharjah Islamic”. Services” 552 accounts, HSBC Middle East 505 accounts, Shurooq Stocks and Bonds 505 accounts and Al Ansari Financial Services 382 accounts.

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