Firm

Saudi firm raises Careem’s investment to $500m

Saudi firm raises Careem’s investment to $500m

Reuters An investment of $150 million by a Saudi Arabia-based venture capital firm in Careem raised its investment capital to $500m, a statement from the Dubai-based ride-hailing company said. The $150m investment was undertaken by carmaker Daimler and Saudi Arabia’s Kingdom Holding, a firm owned by billionaire Prince Alwaleed bin Talal. Venture capital firm DCM […]

OIL PRICES FIRM ON STRONG DEMAND, POLITICAL UNCERTAINTY IN SYRIA

OIL PRICES FIRM ON STRONG DEMAND, POLITICAL UNCERTAINTY IN SYRIA

SINGAPORE – Oil prices were firm on Monday, supported by strong demand and political uncertainty in Syria, although another rise in US drilling activity kept a lid on gains. Brent crude futures LCOc1, the international benchmark for oil, were at $55.28 per barrel at 0226 GMT, up 4 cents from their last close. US West […]