Business

NEW DELHI, Jan 29 (Reuters) - Gautam Adani faces a critical day on Monday with his flagship company's $2.5 billion share sale's second day of bidding overshadowed by a $48 billion rout in the Indian billionaire's stocks which was sparked by a U.S. short seller's report.

Seven listed companies belonging to the Adani conglomerate, which is led by Asia's richest man, saw sharp falls in their values after Hindenburg Research report last week flagged concerns about high debt levels and the use of tax havens.

29 Jan 2023; AA: All NATO facilities around the world will soon be using an intelligence infrastructure software developed by a Turkish defense firm.

STM, a Turkish state-run defense company, announced it has secured two major contracts regarding the direction, collection, process, dissemination, and use of intelligence information within NATO.

28 Jan 2023; MEMO: The US Treasury Department's senior sanctions official, Brian Nelson, will be warning countries and businesses during a trip to the Middle East next week that they could lose access to the US market if they do business with entities subject to US sanctions and restrictions. This comes in addition to Washington cracking down on attempts by Russia to avoid sanctions imposed on it due to its war in Ukraine.

26 Jan 2023; MEMO: The Lebanese lira has fallen to a record low against the US dollar, it has been reported. The currency has lost more than 95 per cent of its value since the beginning of the country's economic crisis in 2019. On Wednesday, it hit a low of LL57,000 against the US dollar on the black market.

25 Jan 2023; MEMO: Guyana is in talks with Qatar, UAE, Britain and India to explore offshore oil and gas blocks in conjunction with a bidding round this year, President Irfaan Ali said on Monday.

"We have been toying with a number of options," Ali said on the sidelines of an energy conference in Trinidad and Tobago. "We have gone out publicly with the bid round (and) there is also that room we are looking at for government-to-government collaboration."

24 Jan 2023; MEMO: Egyptian President, Abdel Fattah El-Sisi, will arrive in New Delhi today where he will be a Chief Guest at India's 74th Republic Day celebrations, following an invitation extended to him by Prime Minister, Narendra Modi. During the three-day trip, he will be accompanied by a high-level delegation, including five ministers and senior officials.

24 Jan 2023; MEMO: A twenty-billion-dollar takeover bid (£16bn) by Saudi Arabia to buy Formula One was rejected by the sport's current owners, Liberty Media. The American firm had bought F1 in 2017 for less than a quarter of the amount Saudi Arabia was willing to pay, £3.3 billion pounds ($4.1bn). Nevertheless, talks between the wealthy Gulf State and Liberty Media are said to have broken down.

23 Jan 2023; MEMO: The European Union is going to hold a big summit in Istanbul on 22 February, on the occasion of the anniversary of the Russian invasion of Ukraine, the head of the EU delegation in Turkiye, Nikolaus Meyer-Landrut said, Turkish local media reports.

According to the report, he said that a Ukrainian government official would be invited, while a Turkish representative would also be present at the summit, which will deal with the geopolitical and economic consequences of the war.

23 Jan 2023; MEMO: Sweden should not expect Turkiye's support for its NATO membership after a protest near the Turkish embassy in Stockholm at the weekend including the burning of a copy of the Koran, President Tayyip Erdogan said on Monday, Reuters reports.

"Those who allow such blasphemy in front of our embassy (in Stockholm) can no longer expect our support for their NATO membership," Erdogan said in a speech after a cabinet meeting.

23 Jan 2023; MEMO: An official source at the Israel Postal Bank has warned that customers' money is in "real danger" as there is no oversight unit and no one to monitor accounts for unusual transactions, the Walla website has reported.

The Postal Bank is regarded as a social bank giving customers the ability to manage small bank accounts without strict restrictions and with a low interest rate compared with other banks, said Arab 48 news.