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Dec 12 19, 6:09 pm

Manila gov’t donates Php2.5M for five devastated towns in Batangas

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The number of people infected by the new strain of coronavirus has risen to 62, Chinese health authorities confirmed Sunday. Wuhan Health Commission reported 17 new cases, including three in a severe condition. Out of the 62 confirmed, 19 were already cured while the...

Saudi Aramco passes $2 trillion market value

by | Global

Dec. 12, 19 | 6:09 pm

Photo credit: Saudi Aramco Facebook page

Saudi Aramco’s shares soared higher on the second day, passing the $2 trillion in market value at market open on Thursday.

In a report by Reuters, the shares in the oil giant were trading gained the maximum 10 percent allowed by the Riyadh exchange on their first day of trading, hit 38.7 riyals ($10.32) on Thursday before it eased to 37.5 riyals.

Zachary Cefaratti, chief executive of Dubai-based Dalma Capital said in a separate report by The National, that the successful IPO and strong performance will “awaken the ‘animal spirits’ of the market and open investor’s eyes to the investment opportunities the kingdom has to offer the world”.

A total of 1.5 percent of the company or 3 billion shares were offered to retail and institutional investors and the company may have a second listing in the future on a foreign exchange.

The company’s initial public offering (IPO) has surpassed record holder Alibaba Group Holding Ltd, the Chinese conglomerate and e-commerce company that raised about $25 billion in 2014.

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Manila gov’t donates Php2.5M for five devastated towns in Batangas

Manila gov’t donates Php2.5M for five devastated towns in Batangas

Manila City government donated a total of Php2.5 million worth of financial assistance for the evacuees of the Taal volcano eruption. Members of the Manila City Council passed Resolution No. 1 series of 2020 that allowed the disbursement of Php500,000 as financial aid...

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WATCH: CCTV camera captures road accident in UAE

WATCH: CCTV camera captures road accident in UAE

The Abu Dhabi Police confirmed that 19 individuals were injured while the 6 individuals perished in a road accident in Abu Dhabi. According to the authorities, the tragic incident was caught by a CCTV camera which took place on Sheikh Zayed Bin Sultan Street on the...

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THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 2.5 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

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