iCapital, a leading global FinTech platform that facilitates access to alternative investments for wealth and asset managers, has entered into a definitive agreement to acquire AltExchange, a cutting-edge data aggregation and management provider. This acquisition is set to elevate iCapital’s data management capabilities and enhance its technology infrastructure, ultimately offering advisors and asset managers more […]

The Nationality, Passports, and Residence Affairs (NPRA) of Bahrain has successfully issued over 10,000 Golden Residency permits to individuals from 99 different countries. This strategic move forms part of Bahrain’s concerted efforts to enhance its residency system, fuel economic growth, and attract a diverse range of skilled talent. The initiative aligns with directives from His […]

The global race to address climate change and achieve net-zero emissions by 2050 demands substantial investments, yet a new report from Moody’s Investors Service warns that the financial resources necessary for this transition are still far from sufficient. According to the report, a staggering $2.7 trillion investment gap per year could undermine the global ambition […]

Z Capital Group (“ZCG”), a leading privately held merchant bank, has announced a landmark move to enhance its global footprint through a dedicated commitment to the Kingdom of Saudi Arabia (“the Kingdom”). As part of its strategic expansion, ZCG has pledged up to $2 billion to support the Kingdom’s burgeoning economy, focusing on high-growth small […]

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has announced a strategic pivot to reduce its international investments and redirect capital to fuel growth within the Kingdom’s domestic economy. PIF Governor Yasir Al-Rumayyan disclosed the shift during the Future Investment Initiative (FII) in Riyadh, underscoring the fund’s intent to cut overseas holdings from […]

In a strategic move to address Africa’s persistent trade financing shortfall, British International Investment (BII), the UK’s development finance institution, announced a new $150 million trade finance facility in collaboration with Absa Group, one of Africa’s largest financial institutions. This facility aims to bridge the continent’s trade finance gap, estimated at $100-120 billion, by injecting […]

Indian food delivery giant Swiggy has once again revised its IPO valuation, bringing it down to $11.3 billion—25% lower than its initial target of $15 billion—as global and domestic market turbulence continues to weigh on investor sentiment. Sources close to the deal told Reuters on Sunday that the $1.4 billion IPO will be India’s second-largest […]

General Catalyst, the global investment and transformation firm, has closed its largest-ever fund, amassing over €7.5 billion. This landmark fund aims to support ambitious entrepreneurs while tackling urgent global challenges, setting a new standard in venture capital by transcending traditional models. With an expanded capital base, General Catalyst will allocate funds to high-potential ventures across […]

Saudi Arabia has successfully raised nearly SAR 8 billion (approximately $2.08 billion) through its latest multi-tranche sukuk offering, demonstrating the kingdom’s commitment to diversifying its funding sources and tapping into Islamic finance markets. The issuance, part of Saudi Arabia’s broader efforts to leverage sukuk (Islamic bonds) as a tool for capital generation, was denominated in […]

In a significant move to further strengthen its market position, Flexential, a leading provider of secure and scalable data center solutions, has announced a major strategic investment from Morgan Stanley Infrastructure Partners (MSIP). This substantial investment, which is also supported by the continued backing of GI Partners, marks a pivotal moment in Flexential’s growth trajectory, […]