The UAE based telecommunications company Du signs MoU with Edge for integrated telecommunications support. The MoU (Memorandum of Understanding) was finalised between two parties at a virtual ceremony ensuring that Du will provide cutting-edge and value-added telecommunications services to EDGE Group and its employees. Under the agreement, Du will have to ensure EDGE Group is […]
The industrial vehicle leasing and distribution company Goldbell acquires BlueSG to drive its Electric Vehicle growth. Glodbell group mentioned its plan to invest S$70 million for the next five years and S$40 million will be made by 2023 as part of its growth acceleration strategy. The vehicle company also noted that it is on track […]
The renewable energy group Octopus Energy and RES (Renewable Energy Systems) announced a partnership to build new green hydrogen plants across the country by investing £3bn by 2030. This partnership will deliver a home-grown, reliable and cost-competitive source of clean hydrogen that is insulated from present and future gas price volatility and aims to push […]
The cloud security innovator Orca Security, has announced its extended Series C fundraising of $550mn led by Temasek, a Singaporean investment company. The funding round brings the 2-year-old company’s total raised to $632 million and boosts its valuation to $1.8 billion. It joins the ranks of L.A. tech companies like Whatnot Inc. and Liminex Inc., […]
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 […]
