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Tesla to Ford shine in EV race as SPAC bubble bursts

  Bloomberg The great sorting of electric-vehicle companies is under way in the stock market. Investors have embraced Tesla Inc and its meteoric rise as the biggest carmaker by market value, while Ford Motor Co has more than doubled in the past year on its EV plans. On the other hand, new entrants with little in the way of earnings, ...

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Dana Gas, Crescent Petroleum gas production in KRI up 50%

  Sharjah / WAM Dana Gas, the Middle East’s leading publicly listed regional natural gas company, and its partner, Crescent Petroleum, the oldest private oil and gas company in the Middle East, have reported record sales gas production from their operations in the Kurdistan Region of Iraq (KRI), reaching 452 million standard cubic feet of per day (MMscf/d) at the ...

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India seeks $203 billion insurer value in mega IPO

  Bloomberg India is pushing for a valuation of about $203 billion for a state-owned insurer that’s soon expected to file for the nation’s biggest initial public offering, even as arrangers awaited a final report on the firm’s estimated worth. The so-called embedded value of Life Insurance Corp. of India is likely to be more than 4 trillion rupees, and ...

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