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Zachry Holdings, Inc. (ZHI), the construction firm contracted to build the $10 billion Golden Pass LNG export terminal in Texas, has filed for bankruptcy. This development places the future of the high-profile project, a collaboration between QatarEnergy and ExxonMobil, in uncertainty. Initiated in 2019, the Golden Pass LNG project is integral to QatarEnergy’s global expansion […]

In a strategic move aimed at enhancing data center capabilities, King Street Capital Management, L.P. (“King Street”), a prominent global investment firm, has announced the acquisition of a majority ownership stake in Colovore, a leading Silicon Valley-based data center operator specializing in liquid-cooled, high-density colocation for artificial intelligence (AI) and high-performance computing (HPC) applications. This […]

Japan’s SBI Holdings is poised to collaborate with Saudi Arabia’s Public Investment Fund (PIF) and National Technology Group to introduce an exchange-traded fund (ETF) tracking Saudi stocks on the Tokyo Stock Exchange (TSE). The partnership aims to bolster SBI’s asset management arm while tapping into the potential of the Middle Eastern market. The proposal awaits […]

 Beyout Investment Group (BIG) Holding, a key player in Kuwait’s human resources and real estate sectors, has set the price range for its upcoming initial public offering (IPO) between 480 and 500 Kuwaiti fils per share. This IPO aims to raise up to 45 million Kuwaiti dinars ($146.53 million) and will mark the first new […]

Mahindra & Mahindra, a key player in the Indian automotive sector, has unveiled plans to inject 120 billion rupees ($1.44 billion) into its electric vehicles (EV) unit. This significant move comes following a successful fourth quarter, fueled by robust sales of its SUV lineup. The company disclosed its intention to transfer assets valued at 7.96 […]

The Annual Investment Congress (AIM Congress 2024) in Abu Dhabi from May 7-9 brought together over 12,427 participants from 179 countries, including more than 100 ministers, mayors, and central bank governors. This year’s congress focused on the significant potential and global economic implications of BRICS expansion. TV BRICS, the event’s media partner, highlighted key discussions […]

Amazon Web Services (AWS) has announced a major investment of €7.8 billion ($8.44 billion) to enhance its cloud computing infrastructure in Germany, aiming to strengthen its presence in Europe. This initiative will see the establishment of multiple data centers in the German state of Brandenburg by the end of 2025. This investment supports AWS’s strategy […]

France’s economic prowess shines as it secures an unprecedented influx of foreign investments, totaling over 15 billion euros ($16.2 billion). President Emmanuel Macron’s rendezvous with global business leaders at the illustrious Chateau de Versailles, themed “Choose France,” unveiled this remarkable achievement. Tech juggernaut Microsoft spearheads the investment wave, committing a substantial four billion euros towards […]

A strategic investment by China in Africa’s lithium mining sector is proving fruitful, with a notable revival observed at a previously dormant mining site in northwest Zimbabwe. This resurgence follows significant investment from a Chinese company into a modern lithium processing plant, reflecting the global surge for this valuable resource. The Kamativi lithium mine, situated […]

AIM Global Foundation and LB Investment, a Korean-based venture capital firm renowned for its $1 billion in Assets Under Management (AUM), have forged a strategic partnership at the AIM Congress 2024 in Abu Dhabi. The collaborative venture, marked by the signing of a significant Memorandum of Understanding (MOU), signals a new chapter in global investment […]