The profits of the Kuwaiti Sultan Center Company decreased during the year 2022 by 93% to 2.6 million dinars, from about 37 million dinars in the year 2021.
This decline came as a result of the decrease in the company’s share of the results of operations of associate companies during the year.
Speaking of the last quarter of 2023, the company’s loss decreased by about 95%, to reach about one million dinars.
Supply: AdobeStock / Sundry Images Get your each day, bite-sized digest of cryptoasset and blockchain-related information – investigating the tales flying below the radar of at this time’s crypto information.__________ Blockchain information Blockchain firm Polygon Labs and main Korean cell service SK Telecom  signed a strategic collaboration settlement to construct SKT’s Web3 ecosystem. Per the…
Supply: Pixabay Electricite du Laos (EDL), the state-run energy distribution firm, has introduced a significant lower to crypto mining companies within the nation, swerving from its pro-crypto stance since 2021. In accordance with native information stories, the nation cites a number of causes for the sudden determination starting from electrical energy manufacturing to local weather…
Supply: iStock On August 24, Cryptocurrency lender Ledn partnered with Cayman’s prime crypto actual property dealer, Parallel, to permit crypto buyers to purchase Cayman Islands actual property utilizing digital property. The alliance opens up a brand new means for crypto buyers to keep away from the necessity to convert to fiat or promote their crypto…
Supply: Circle The previous Goldman Sachs government Craig Broderick has joined the Board of Administrators of Circle Web Monetary, the issuer of the USDC stablecoin. Broderick served because the chief threat officer at Goldman Sachs for over three a long time. Throughout his tenure on the funding financial institution, Broderick additionally served as co-chair of…
Within the ever-evolving panorama of cryptocurrency, the worth of Bitcoin value at the moment hovers at $26,051, experiencing a marginal lower of 0.25% on Tuesday. Whereas market dynamics stay fluid, latest developments and elements have caught the eye of each traders and fans. A major growth entails legalizing US sanctions in opposition to the Twister…
Supply: RawBeautyPixels/Adobe Venezuela’s ban on cryptocurrency mining has severely broken the trade that President Nicolás Maduro as soon as supported. Again in March, the state regulators ordered a halt on mining cryptocurrencies after an investigation right into a corruption scheme wherein crypto wallets redirected funds owed to the state-run oil firm Petróleos de Venezuela. Thus far, round 80 individuals…