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In 2024, Saudi Arabia’s financial scene was vibrant with two major public offerings, including Saudi Aramco’s substantial $12 billion share release. Simultaneously, Dr. Soliman Abdel Kader Fakeeh Hospital Co. made its debut, achieving a 10% increase over its initial price. Aramco’s sale, a continuation of its 2019 strategy, marked it as a gauge for major […]
Bolivia’s Opposition Said to Challenge Arce’s Presidency
The government has expressed concern about a legislative coalition possibly shortening President Luis Arce’s term in Bolivia. This coalition includes opposition parties and a faction led by former President Evo Morales. Presidential spokesperson Jorge Richter shared these concerns on a broadcast program. Richter didn’t label the situation a coup but noted a strategy to weaken […]
Cosan Halts Moove IPO: Brazilian Oil Giant Faces Market Headwinds
The Brazilian conglomerate Cosan has suspended the initial public offering (IPO) of its subsidiary, Moove Lubricants Holdings. This decision came after investors showed reluctance to meet the proposed share price range. Cosan had planned to list Moove on the New York Stock Exchange (NYSE), aiming to raise up to $400 million. Moove, a prominent player […]