The announcement of the future Audi Formula One team, backed a result of Qatar's investment, is expected to bring significant benefits for both parties and enhance the Gulf region's influence in the sport. With Audi taking over the Swiss-based Sauber team and receiving a minority stake from Qatar Investment Authority (QIA), the partnership will support the carmaker during a challenging transition phase.
The deal also highlights the growing involvement of Middle Eastern countries in Formula One, with numerous investments and sponsorships from the region
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tech investment giant SoftBank swings to $10.3 billion profitHot Indian IPOs and a rebound in tech valuations boosted its Vision Fund.
Source: The Straits Times - 🏆 8. / 63 Read more »
Singapore approves new investment incentives ahead of global minimum taxBill introduces an additional concessionary tax rate
Source: straits_times - 🏆 5. / 69 Read more »
Tower Semiconductor forecasts upbeat Q4 revenue; unveils $350 million investment planIsraeli contract chipmaker Tower Semiconductor forecast its fourth-quarter revenue above estimates on Wednesday, driven by a recovery in demand for its chips, and said it plans to invest $350 million to expand capacities.The U.S.-listed shares of the company were up 7.5 per cent in premarket trading.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Rivian shares surge on $5.8 billion Volkswagen investment in JVShares of Rivian jumped over 13 per cent in premarket trading Wednesday after the electric vehicle maker announced a $5.8 billion investment from German automaker Volkswagen as part of their joint venture.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Man and woman arrested for creating and selling WhatsApp accounts used in investment scamsA 37-year-old man and a 33-year-old woman have been arrested for their suspected involvement in illegal telecommunication activities that facilitated investment scams targeting Singapore residents.
Source: stompsingapore - 🏆 11. / 53 Read more »
Indonesia rejects Apple’s $135m investment offerIndonesia said Apple still has not invested in production facilities or factories in the country.
Source: The Straits Times - 🏆 8. / 63 Read more »