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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 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 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 […]
The Japanese multinational automobile manufacturer, Honda is selling its swindon car plant to property developer Panattoni, which is an international real estate developer specialising in industrial real estate and warehouses. This move could possibly give a lifeline to 4,500 workers, The company has been searching for a buyer since announcing plans two years ago to […]
Abu Dhabi based asset management company, Gulf Capital has announced that it has acquired two of US health – tech companies for transaction value of $60 million. Gulf Capital’s investments in Hansei Solutions and Eclat Health will expand the firms Healthcare- focused Revenue cycle Management (RCM) platform. The investment company has already acquired a majority […]
Emirati state-owned holding company, Mubadala investment company and the UK office for investment (OFI) to invest around £1 Billion in UK life sciences. Abu Dhabi’s Mubadala will invest around £800 million and the UK will invest £200 million, part of the UAE – UK Sovereign Investment Partnership (SIP). In over five years SIP will invest […]
The American based investment management company Blackstone has offered to buy Australia’s leading gambling and entertainment complexes Crown Resorts for $6.2 billion (A$8.02 billion). Crown Resorts is one of Australia’s largest entertainment groups and makes a major contribution to the Australian economy through its role in tourism, employment, training, and its corporate responsibility programs. Crown’s […]
The England based online food delivery company, Deliveroo is aiming for a valuation up to £8.8 billion ($12.2 billion) in its upcoming initial public offering (IPO) in London Deliveroo, which is backed by Amazon, has set a price range of between £3.90 and £4.60 per share for its initial public offering (IPO), implying an estimated […]
The flag carrier of Hong Kong, Cathay Pacific said that it had recorded an annual loss of $2.8 billion (HK$21.6 billion) previous year because of COVID-19 pandemic. The financial performance of the company sank even lower than predicted. In the second half of 2020, losses increased to HK$11.7billion from the previously announced HK$9.9 billion. It […]
The Indian multinational corporation Wipro announced that it has signed an agreement to acquire London based technology management consultancy Capco for $1.45 billion. Capco is a global management and technology consultancy providing financial services with a dedicated energy division, headquartered in London. The company Capco provides technology and consulting services to financial institutions in Europe, […]
The London Headquartered insurance company Aviva to sell its Italian life insurance business to France’s CNP Assurance and its general insurance to Germany’s Allianz for €873 million. Aviva said after selling its remaining business in Italy it may give cash back to shareholders as it plans to focus on Key markets of Canada, Britain and […]
South Korea , The East Asian country, drafts US$13.38 billion (15 trillion won) as an extra budget to hand support to small business and secure jobs as the pandemic pushes the government to retain social distancing curbs. The South Korea ministry of finance said that there would be a increase in total government spending. A […]
