Barclays Bets on Middle East and Elevates Two Co-CEOs for Region
The London-based lender named Khaled El Dabag and Walid Mezher as joint chief executives for the Middle East, according to a statement. The two will continue to be based in Dubai and will now report to Stephen Dainton, head of investment bank management.
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Dubai's Luxury Property Sales Continue Record-Setting Streak
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Middle Eastern Dividend Stocks To Consider In July 2025
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Delve into the full analysis dividend report here for a deeper understanding of Emirates Driving Company P.J.S.C. Our valuation report unveils the possibility Emirates Driving Company P.J.S.C's shares may be trading at a discount. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri operates in the luxury fashion industry, focusing on textiles and ready-to-wear clothing, with a market capitalization of TRY8.99 billion. Operations: Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri generates revenue from its apparel segment, which amounts to TRY14.67 billion. Dividend Yield: 4.4% Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri presents a compelling dividend profile with a yield of 4.45%, placing it in the top 25% of Turkish dividend payers. The company's dividends are well-covered by both earnings and cash flows, with low payout ratios (18.5% and 21.8% respectively). 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Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ADX:DRIVE IBSE:VAKKO and TASE:SNCM. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Business Insider
2 hours ago
- Business Insider
Startup founders and others in tech call on Sequoia Capital to act after a partner called Zohran Mamdani an 'Islamist'
Sequoia Capital, one of the largest and oldest global VC firms, is facing pressure over a partner's online remarks. Signatories self-identified as founders, investors, and tech workers have signed an open letter calling for Sequoia Capital to take disciplinary action against one of its high-profile partners after he called New York City mayoral Democratic nominee Zohran Mamdani an "Islamist" on X. As of writing, the letter appeared to have hundreds of signatures, though at least several of them appeared to be trolls using made-up or fake names. The list includes some business leaders who have previously raised capital from Sequoia-linked funds. That includes Hosam Arab, CEO of Dubai-based fintech Tabby; Hisham Al-Falih, CEO of Lean Technologies; and Ahmed Sabbah, cofounder of Egyptian payments company Telda. They did not respond to requests for comment from BI but confirmed to Bloomberg that they had signed the letter. Some tech workers who self-identified as working for prominent companies such as Microsoft, Turo, Google, and Apple also appeared to have signed the petition. "Mamdani comes from a culture that lies about everything," Shaun Maguire, a partner at Sequoia, posted on X on July 4. He included a screenshot referencing The New York Times' reporting about how Mamdani marked his identity on a college application. "It's literally a virtue to lie if it advances his Islamist agenda," Maguire wrote in a post. Maguire's post was met with backlash on X, and the open letter appeared over the weekend. It demands a public apology from Sequoia, a formal investigation into Maguire's conduct, a zero-tolerance policy on hate speech, and the creation of a hotline for reporting discriminatory behavior. The letter gives Sequoia Capital until July 14 to respond. "As founders building the future of technology, we cannot accept leadership from a firm whose partners engage in hate speech and spread bigotry," the letter states. "Maguire's conduct not only tarnishes Sequoia's reputation, it also undermines your ability to serve a global, diverse founder ecosystem." Sequoia Capital declined to comment when reached by Business Insider on Monday. Maguire, when reached by BI, also declined to comment but noted several follow-up posts he made in response to the backlash, including a 28-minute video he posted early Sunday morning defending calling Mamdani an Islamist. Maguire said that his criticism was political, not religious or racial, adding that "Islamist" was a political ideology and not the same as Muslim. He also criticized Mamdani's father, Columbia University professor Mahmood Mamdani, accusing him of "radical left-wing Islamism." "To any Muslim that is not an Islamist, and to any Indian that took offense to this tweet, I am very, very sorry," he said in the video. Mamdani's team did not respond to a request for comment. The candidate has previously teared up when speaking with CBS News about the comments he gets, being the first Muslim to run for mayor of New York City. "I get messages that say 'the only good Muslim is a dead Muslim,'" he said. "I get threats on my life, on the people that I love." Mamdani's affordability-focused platform does not advance any religious ideals. He seeks to expand protection for the LGBTQ+ community, raise the minimum wage, and implement free childcare, among other initiatives. Maguire has previously been vocal about politics and sparked controversy online. In 2024, he wrote in a lengthy post on X, saying that he donated $300,000 to get Trump elected as president shortly after Trump was convicted of falsifying business records, though he said at the time his political donations were personal and "did not reflect the views of Sequoia." He also said late last year that he donated another $500,000 to the America PAC founded by Tesla CEO Elon Musk. In January, he called diversity, equity, and inclusion policies "structural racism" in another post on X.
