Pramod Kumar on Muck Rack

Pramod Kumar

United Kingdom
As seen in: Arabian Gulf Business Insight (AGBI), LinkedIn, Medium, MSN, MSN UK, Color Research & Application, Daily Mail, Forbes, MSN India, Nature, Wiley and
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Articles

Dubai Taxi completes acquisition of rival for £395m

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By Pramod Kumar
| Arabian Gulf Business Insight (AGBI) Verified
Dubai Taxi Company (DTC), a subsidiary of the emirate’s transport regulator, has acquired National Taxi for AED1.45 billion ($395 million). The acquisition is fully funded through new bank debt facilities and is projected to have a positive impact on DTC in 2027, the first full year of ownership. Details on the debt facilities were not disclosed.
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Oil prices rise after fresh US strikes on Iran

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By Pramod Kumar
| Arabian Gulf Business Insight (AGBI) Verified
Brent and WTI gain 1% Response to attacks on ships IRGC targets Bahrain and Kuwait Oil prices rose further early on Thursday after fresh US strikes on Iran stoked fears of global supply disruption. Brent crude futures gained 1.1 percent to $78.91 a barrel, while US West Texas Intermediate crude futures climbed 1.2 percent to $74.39 a barrel. Both benchmarks jumped more than 5 percent on Wednesday after the US military launched strikes on Iran. Brent hit its highest since June 22.
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Oman and Jordan in joint $100m drive to grow priority sectors

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By Pramod Kumar
| Arabian Gulf Business Insight (AGBI) Verified
State-backed funds from Oman and Jordan have agreed to set up a joint investment company to develop priority and emerging sectors. The OMR38.5 million ($100 million) company, established by the Oman Investment Authority (OIA) and the Jordan Social Security Investment Fund, will primarily invest in sectors such as telecommunications, information technology, agriculture and food.
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