The Saudi Arabian public petroleum and natural gas company, Saudi Aramco has agreed to sell its minority stake of $12.4 billion in a newly formed oil pipeline business to a US based EIG Global Energy Partners. It is Saudi Aramco’s largest deal since its record $29.4 billion initial public offering in late 2019. The deal […]
Australian based EML Payments has acquired 100% of Irish based Sentenial Group for €70 million. EML Payments operates through three segments: Gift & Incentive (G&I), General Purpose Reloadable (GPR) and Virtual Account Numbers (VANS). The Gift & Incentive segment provides single load gift cards for shopping malls and incentive programs across the world. Sentenial is […]
The Abu Dhabi Fund for Development ( ADFD ), will invest around $10 million (Dh37 million) from a $45 million (Dh165 million) grant extended by the UAE government to support Micro, small and Medium Enterprises ( MSME ) in Colombia . The project supports both financially and non financially, the latter comprises capacity building, technical […]
The Swedish multinational manufacturing company Volvo and the Swedish steel manufacturer SSAB has joined together to build first fossil-free steel trucks. The collaboration will formalise the agreement on research, serial production, commercialisation and development of vehicles. Volvo will start manufacturing the first concept vehicles and machines with steel from SSAB using hydrogen already in 2021. […]
The worlds largest sovereign wealth fund, Norges Bank Investment Management, has agreed to make its first investment in renewable energy worth £1.375 billion ($1.63 billion) in Dutch offshore wind farm. The bank controls around $1.1 trillion in assets which is mainly derived from the country’s offshore oil reserves said it will buy the stake in […]
The South Korean multinational automotive manufacturer Hyundai Motor said that it has stopped the production of IONIQ 5 in a domestic plant due to chip shortage. Hyundai Motor said Wednesday that it has suspended its No. 1 plant in Ulsan for a week until April 14, due to the lack of electric control units. The […]
The Mexican pre-owned car start up, KAVAK has reached a $4 billion valuation after raising $485 million in its new funding. Making it one of the fast expanding company and highly valued startups in Latin America. The company was created by a group of young entrepreneurs it is an online platform that offers an exceptional […]
The Japanese multinational conglomerate holding company, SoftBank Group invests $2.8 billion in AutoStore , an automation company in Norway. The Japanese group SoftBank said that it will buy the stake from US private equity group Thomas H Lee Partners and Sweden’s EQT in a deal valuing AutoStore at $7.7bn. All three shareholders will have representation […]
The American multinational media ViacomCBS has agreed to acquire Chilevision from AT&T Inc- owned WarnerMedia , as it looks to improve its streaming audience in latin America. Chilevisión (often abbreviated as CHV) is a Chilean free-to-air television channel. It is the third oldest Chilean television network. Founded by the University of Chile, this educational institution […]
Nagad, locally developed platform, surprised the fintech world through ground-breaking service Forty million users in just two years! Starting from idea to scratch, currently Nagad became the fastest-growing mobile financial service in the world, helping the marginalized people to get financially included, a biggest step to the digital divide reduction for the nation. Since its […]
Quilter , a leading provider of investments, advice and wealth management in the UK is selling its international business to utmost group for £483m. This sale will allow Quilter board to focus on its UK wealth management business. Quilter will receive approximately £483m in cash assuming completion on 31 December 2021. The £483m price tag […]
The Japanese multinational electronics and industrial conglomerate company Hitachi Ltd to acquire U.S digital engineering services company, GlobalLogic for staggering $9.6 billion. Hitachi, which is based in Tokyo said that the acquisition of the Silicon Valley company will improve Hitachi’s digital operations in a range of business it has which includes mobility Energy, and industry. […]
