The Mexican multimedia mass media company Televisa merges with American Spanish-language free-to-air television network, Univision for a $4.8 billion in which Televisa will contribute its content assets. The New combined company, Televisa-Univision will create the global leader in spanish-language media,Televisa-Univision will have the operating assets, financial scale and audience reach to accelerate its digital transformation […]
The Dubai government-owned bank Emirates NBD partners with the Supply Chain firm Monimove to complement the bank’s E20. digital business bank initiative that aims to empower entrepreneurs, startups, SMEs and other businesses in the UAE. This alliance will enable Emirates NBD’s SME clients to execute their local and international transactions smoothly on an innovative supply […]
The biotechnology company RubrYc Therapeutics partners with commercial stage biopharmaceutical company Zai Lab for research collaboration and license option agreement. This collaboration will allow RubrYc’s Meso-scale Engineered Molecules (MEMs) platform, to identify monoclonal antibodies with enhanced biological function for an undisclosed oncology target. Under the terms of the agreement RubrYc and Zai Labs will collaborate […]
The fintech solutions company Pine Labs acquires Singaporean startup Fave for $45 million as part of joint growth & expansion plan. Fave has enabled 6 million consumers in SEA to save over US$400 million across 40,000 retailers since 2016. With this acquisition, Indian consumers will be able to use Fave app later this year to […]
The Singaporean multinational ride-hailing company and Southeast Asia’s leading superapp, Grab Holdings Inc. (“Grab”), has announced to go public with U.S. in partnership with Altimeter Growth Corp . (Nasdaq: “AGC”). This merger is expected to be one of the largest-ever U.S. equity offering by a Southeast Asian company. The proposed transactions value Grab at an […]
The Swedish fintech company Trustly , has announced its plans for €9 billion valuation to list on Nasdaq Stockholm exchange in second quarter. An increasing number of Fintechs are creating alternative payment rails utilizing the Open Banking infrastructure mandated in the EU. With interchange capped in the EU financial institutions seem less resistant to this […]
The company Cruise, manufacturer of self-driving vehicles and a subsidiary of General Motors will be launching its first international robotaxi service in Dubai. The vehicle company will start testing its vehicles in UAE in 2023 with plans to launch a commercial ride-hailing service. The agreement marks significant expansion plans for Cruise, which has been concentrating […]
The American multinational investment management corporation, BlackRock has raised $4.8 billion for Global Renewable Power Fund III with commitments from over 100 institutional investors, including leading public and private pension funds, foundations, insurance companies, endowments and family offices from over 18 countries globally. GRP III, which invests in global climate infrastructure assets, primarily in renewable […]
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 […]
