The Dubai Department of Finance (DoF) announced a new public-private partnership ( PPP ) project portfolio worth over Dhs25bn across several vital sectors. The portfolio includes more than 30 projects in the public transportation, infrastructure, and urban development sectors. The latest projects were announced at the Dubai International PPP Conference being held at Expo 2020, […]
The oil and gas company BP has announced to invest $270 million at Cherry Point Refinery to improve efficiency, reduce emissions and grow renewable diesel production. Over the next three years 300 local jobs are expected to be created This investment is set with bp’s aims to be net zero across its operations by 2050 […]
The United Arab Emirates ( UAE ) has become the first country in Gulf region to invest more than $160 billion to achieve net zero carbon emissions by 2050. The vice president and prime minister of the UAE and ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, said: “We are committed to seize the […]
The German conglomerate JAB Holding company plans to invest $5 billion to expand transactions in petcare sector. The holding company runs Panera Bread, Pret A Manger and Krispy Kreme. The establishment that oversees the assets of German billionaire Rayman family Over the past seven years, two people who are directly aware of the issue have […]
Thales and Google has announced a strategic agreement to co-develop cloud services for France. By considering the highest legal and technical requirements for ‘Trusted Cloud’, the Thales and Google Cloud offering will enable private and public sector organisations who need to meet the criteria – defined by France’s Information Systems Security Agency to benefit from […]
The leading global provider and manager of alternative investment products, Investcorp, announced that it has successfully completed the acquisition of a portfolio of seven UK industrial assets (“the Portfolio”) from Custodian REIT, for £32.6 million. The Portfolio comprises two multi-let and five single-let industrial properties located in Bedford, Warrington, Stone, Gateshead, Stockton-on-Tees, Christchurch and Aberdeen. […]
The largest independent owner of shared telecommunications infrastructure in the Africa, IHS Holding attempts for $7bn Initial Public Offering in U.S.A. The company has commenced an initial public offering of 22,500,000 ordinary shares, 18,000,000 of which are being offered by IHS Towers and 4,500,000 of which are being offered by certain selling shareholders. The underwriters […]
The property developer Hopson Development Holding to acquire about 51 percent of the indebted Evergrande group’s property management unit, and the deal could be valued at more than 40 billion HKD ($5.14 billion) according to the reports. Trading in Hopson’s shares also was suspended Monday in Hong Kong, “pending the release of announcement(s) in relation […]
The Oil giant Aramco , Air Products, ACWA Power and Air Products Qudra announced the signing of definitive agreements for the asset acquisition and project financing of the $12 billion air separation unit, gasification/power joint venture in Jazan Economic City. Aramco via its subsidiary Saudi Aramco Power Company (SAPCO) has a 20 percent share in […]
The German multinational investment bank, Deutsche Bank has announced that it is acquiring payment service provider Better Payment Germany GmbH, based in Berlin. Through the acquisition, Deutsche Bank will expand its market share in payment processing and acceptance. Over the next 12 months, Deutsche Bank will integrate Better Payment’s technical solutions into its existing product […]
The financial services company Goldman Sachs and Bloomberg Philanthropies Deploys $25 Million to Advance Clean Energy Solutions and support sustainable low-carbon economic development with a focus on South and Southeast Asia to increase the pace, scale, and ambition of climate solutions and contribute to the clean energy transition. The Fund’s initial US$25 million in philanthropic […]
The subsidiaries of royal dutch shell PLC Shell Egypt N.V. and Shell Austria GmbH completes sale of Desert assets in Egypt to Cheiron Petroleum and Cairn Energy, for a base consideration of US$ 646 million and additional payments of up to US$ 280 million between 2021 and 2024. Having received final government and regulatory approvals […]
National Bank of Fujairah (NBF) the co-operative bank has announced that it has launched its electronic trading platform – NBFX. Widening its digital offerings, the trading platform offers customers a bespoke digital experience to hedge their treasury requirements and is available for both conventional and Shariah-compliant banking customers. The 24/5 availability means that customers can […]
The American automotive multinational corporation GM has announced that it will invest $300 million in Chinese startup Momenta to develop next generation self driving technologies for future GM vehicles in china. With a vision of a world with zero emissions, zero congestion and zero crashes The company is investing aggressively in a comprehensive and highly-integrated […]
DWTCA (Dubai World Trade Centre Authority) and Securities and Commodities Authority (SCA) has issued approval and license to start crypto assets trading. The agreement was signed by Acting Chief Executive Officer of SCA, H.E. Dr. Maryam Al Suwaidi, and Director General of Dubai World Trade Centre Authority (DWTCA) H.E. Helal Saeed Almarri. The trade centre […]
