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, […]

The financial world is experiencing a seismic shift as the U.S. Securities and Exchange Commission (SEC) granted approval for eleven Bitcoin Exchange-Traded Funds (ETFs) on October 18, 2024. These ETFs, which will trade on both the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE), represent a historic milestone in the integration […]

Bloomberg has introduced a groundbreaking solution designed to provide investors with an in-depth assessment of nature-related impacts and dependencies across the value chain of up to 45,000 companies. The new offering seeks to address one of the most pressing global challenges: the financial risks associated with nature loss and the degradation of biodiversity. This tool […]

NEQSOL Holding, a global investment group with a diversified portfolio spanning telecommunications, energy, construction, and high-tech industries, has announced its acquisition of the United Mining and Chemical Company JSC (UMCC), one of the world’s largest producers of titanium ore. The deal marks a significant step in NEQSOL’s strategic international expansion and reinforces its growing influence […]

The UK government has heralded the success of its recent International Investment Summit, celebrating a total of £63 billion in investment commitments from a variety of industries. This significant inflow of capital is expected to create nearly 38,000 jobs and boost the UK’s position as a global leader in green energy, infrastructure, and life sciences. […]