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Pakistan Faces $2bn Arbitration Threat from Gulf Investors Over K-Electric Dispute
Pakistan is once again heading toward a major international legal battle as Saudi and Kuwaiti investors of K-Electric have issued a formal notice, warning of $2 billion arbitration over delayed tariffs, blocked subsidies and alleged interference in the company’s management.…
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Swvl CEO denies shutting down consumer business amid strategic shift
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Swvl CEO Mostafa Kandil has publicly denied the claim that the company has shut down its consumer business. MENAbytes reported in a LinkedIn post that…
PSEB reports $40 returns for every dollar spent at GITEX Global
3 min read
Zeeshan Khattak, the Acting CEO of the Pakistan Software Export Board (PSEB), stated that the country’s IT firms are “seeing impressive returns” from GITEX Global…
OpenAI’s valuation raises to $157 Billion following latest funding round
3 min read
OpenAI, the company behind ChatGPT, recently closed a $6.6B funding round, which brings the company’s valuation to $157B. The major shareholders are a company that…
Bill Gates falls out of Top Ten Richest Americans for first time since the 1990s
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Bill Gates, Microsoft co-founder, has dropped out of the top ten on the Forbes 400 list of America’s wealthiest people for the first time since…
Binance Founder Changpeng Zhao Released from US Custody After Resolving Anti-Money Laundering Case
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Changpeng Zhao, the founder of Binance, was released from a California correctional facility on Friday after being held in federal custody for failures that enabled…
Samsung profits expected to increase in Q3 of 2020
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Samsung, the South Korean Tech Giant, saw one of its competitors, Huawei, edge slightly ahead in the race towards being the biggest smartphone brand in…
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