Qatar’s food industry group Baladna to export business model to Malaysia, The MoC agreement with Malaysia’s state-owned FELCRA Berhad (FELCRA) and agriculture giant FGV Holdings (FGV) aims to produce 100 million litres of fresh milk within the first full year of operation, pending the satisfactory completion of a feasibility study. The agreement is a key […]
The Malaysian company PETRONAS FutureTech accelerates innovation by welcoming Malaysian Deep Tech Startups, a total of twenty Malaysian startups have been selected to participate in the second edition of PETRONAS FutureTech 2.0. An intense technology program led by the national energy company in collaboration with Sime Darby Plantation Bhd (SDP), Telekom Malaysia Bhd (TM) and […]
The Abu Dhabi National Oil Company (ADNOC) has signed the framework agreements for Concept and Front-End Engineering Design (FEED) services worth . This agreement is signed for major projects across its full value chain to support the delivery of its 2030 strategy. The framework agreements – which is signed with eight top-tier global engineering contractors […]
Abu Dhabi Islamic Bank ( ADIB ) one of the leading financial institution officially launched “Amwali” world’s first Islamic digital bank for youth. Amwali, the digital bank will bring together an entire suite of banking products and innovative technology to enable young customers to enjoy a whole new way of banking that is paperless, signature-less […]
The investment firm Stonepeak has entered into a definitive agreement to acquire Astound Broadband for $8.1 Billion, the sixth largest U.S. cable operator in the United States. The company operates regional providers enTouch, RCN, Grande and Wave, The transaction is expected to close in the second quarter of 2021 and is subject to customary closing […]
The truck manufacturer Volvo Trucks has agreed to acquire JMC Heavy Duty Vehicle Co., Ltd., for an amount of RMB 0.8 billion (SEK 1.1 billion). Which is a subsidiary of Jiangling Motors Co., Ltd., It also includes a manufacturing site in Taiyuan, Shanxi province, China. The main objective is to start production of the new […]
Paypal has announced that it has launched its new service to buy, hold and sell cryptocurrency in United Kingdom . The company marks its first international expansion of PayPal’s cryptocurrency service beyond the U.S. Customers can choose from four types of cryptocurrencies—Bitcoin, Ethereum, Litecoin and Bitcoin Cash. By accessing their PayPal account via the website […]
The financial institution Goldman Sachs Group has entered into an agreement to acquire NN Investment Partners from NN Group for €1.6 billion. The Transaction is expected to close by early 2022 which will be subjected to regulatory and other approvals and conditions. The employees of NN Investment Partners will join Goldman Sachs Asset Management following […]
The mining giant Glencore invests in UK Battery Maker Britishvolt which plans to build UK’s first large-scale battery factory to help accelerate the rollout of electric vehicles. This partnership represents a major accomplishment for Britishvolt on its pursuit to assist vehicle OEMs on their direction to electrification. By securing one of the key battery ingredients […]
Dubai’s first and the largest digital asset platform BitOasis reports strong H1 2021 results with trading volumes to date exceeding $3 billion. The cryptocurrency platform BitOasis has been a pioneer in middle east since its take off in 2015, the company has been doubling its user base since the last six months. The company has […]
The HSBC Insurance Holdings a subsidiary of HSBC Holdings plc to acquire AXA Singapore for $575 million. AXA Singapore which is currently the 8th largest life insurer in Singapore will club with HSBC’s existing HSBC Insurance (Singapore) Pte Ltd’s (HSBC Life Singapore) business. Both businesses have complementary products across the spectrum of insurance solutions and […]
The investment company BlackRock to invest $400M in mubadala Capital, the asset management subsidiary of Mubadala Investment Company (Mubadala). The BlackRock-led investment was made into a portfolio of assets currently managed by Mubadala Capital, in addition to a $400 million commitment into Mubadala Capital’s third private equity fund (Fund III). The partnership between BlackRock and […]
