– By Anamika Sahu, Editor-in-Chief Bangladesh ranks as the 32nd highest consumer of natural gas, globally. However, the country is facing an acute shortage of natural gas, which halted the new piped gas connections for nearly a decade. As of early 2021, the demand for LPG in Bangladesh stands at around one million tons. However, […]
30 years ago, when Bangladesh was talking baby steps towards becoming a developing nation, it has many visions and actions to consider. One of them was having such leaders who can work towards achieving those visions through their actions and unsurmountable grit & foresightedness. Shafiat Shoban Sanvir is one of such leaders who have been […]
Beverly Sills once said, “There are no shortcuts to any place worth going”. Areej Mohsin Haider Darwish indeed is every bit an epitome of these words. Her journey is an example of how climbing the ladder one step at a time is indeed an opportunity to learn at every stride, making one know the pulse […]
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 […]
The Australian multinational asset management company Macquarie to buy £1 billion stake in Southern Water. The utility company southern water which provides essential services to 2.6 million water and 4.7 million wastewater customers across Sussex, Kent, the Isle of Wight, and Hampshire. Macquarie Asset Management will invest, on behalf of long-term investors including insurance companies […]
The Japanese innovation company Rakuten Group to acquire wireless software Innovator Altiostar for more than $1 billion. Both the companies will partner to accelerate deployment of software-centric, virtualised services for the mobile industry across the globe. Altiostar’s 4G and 5G open virtual Radio Access Network (Open vRAN) solutions are speeding up the telecommunications industry’s ideal […]
