fintech / news / / NDTV Profit
Gulf equity markets ended Sunday with mixed results as renewed geopolitical tensions over the Strait of Hormuz weighed on investor sentiment.
Iranian armed forces turned back two tankers in the Strait of Hormuz on Sunday.
KEY POINTS
- Tehran has re-closed the Strait of Hormuz, tightening control of the key energy route.
- President Trump labeled Tehran's move as 'blackmail' and referenced a serious ceasefire violation.
- Talaat Moustafa Group announced The Spine project in Madinaty, valued at over $27 billion.
- TMG expects The Spine to generate EGP 50 billion in annual recurring revenue at maturity.
COMPANIES
Summarized by Newsio from NDTV Profit. How we summarize →