Sachin Bansal to put $400 million in banking business
Flipkart co-founder Sachin Bansal has said that he will deploy all the proceeds from the sale of his stake in the e-commerce player into his financial services venture Navi Technologies, which has applied for a universal banking licence with the Reserve Bank of India (RBI). Bansal could likely invest $400-450 million in the new venture.
Lebanon minister warns health sector at threat over dollar shortage
Jamal Jabak urges central bank to release US dollars over a hard currency shortage limiting medical imports to the protest-hit country
Kuwaiti Court upholds disqualification of 3 poll hopefuls
Court of Appeals upheld the disqualification of Mohammed Al-Juweihel, Hani Hussein and Mahmoud Shaker from the National Assembly election.
Al Ruwayeh & Partners acts as Kuwait legal counsel to joint lead managers on $200 million issuance of Tier 1 Sukuk by Ahli Unit