World Cup to provide an extra economic boost to GCC: S&P survey

The logistical challenge of managing one of the world’s largest sporting events would more likely have a positive economic spillover on the rest of the GCC. RIYADH: Gulf Cooperation Council economies stand to benefit from the FIFA 2022 World Cup, as more than 1.2 million fans are expected to attend the event, a survey conducted by S&P Ratings revealed. This influx will increase Qatar’s population by 1.5 times, allowing the Arab nation to experience near-term economic gains. Moreover, the logistical challenge of managing one of the world’s largest sporting events…

Read More

AMC missed ‘golden opportunity’ to pay down $5.4 billion debt with APEs, says analyst

AMC Entertainment Holdings Inc. reports third-quarter results on Tuesday, with the meme stock darling expected to provide an update on its APE equity units The AMC Preferred Equity Units APE, +5.96%, or APEs, made their trading debut in August, sparking volatility and heralding the latest chapter in an eventful journey that took the cinema chain from a beleaguered pandemic victim to meme-stock phenomenon. The APEs, which hit an intraday low of $1.41 on Monday, have fallen 74.8% since their debut. The dividend hit an intraday high of $10.50 on Aug. 22. With its APE equity unit,…

Read More

Model A, the First Flying Car That Actually Drives Like a Car and Flies Like a Helicopter

It’s the only two-mode vehicle, says Alef Aeronautics, that handles the road like an automobile and hovers like an eVTOL. Commuters, imagine the possibilities. Alef’s electric Model A, priced at around $300,000, will be the only road-certified flying car that can do vertical takeoff and landings like electric-powered eVTOLs, including the Joby S4, Lilium Jet and Vertical Aerospace VX4. Santa Clara, California-based Alef recently introduced its two-passenger Model A, saying it would be on “pre-sale” for a deposit of $1,500 in the first quarter of next year. The company says the first deliveries will…

Read More