Serrari Group

Malaysia Welcomes Proposed US$14.7 Billion Investment by US Tech Giants: PM Anwar Ibrahim Eyes Stronger Bilateral Cooperation

In a significant boost to Malaysia’s growing reputation as a hub for foreign investment, Prime Minister Datuk Seri Anwar Ibrahim announced today that the country welcomes a proposed investment of US$14.7 billion from several leading U.S. technology giants. The announcement came during a bilateral meeting between Anwar and U.S. Secretary of State Antony Blinken, held […]

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Global IPO Market Defies Economic Slowdown, Listings Rise 11 Percent in Q3

In an unexpected turn of events, the global initial public offering (IPO) market has shown remarkable resilience amid a period marked by economic slowdown, geopolitical tensions, and financial market volatility. According to the latest EY Global IPO Trends report for Q3 2024, IPO activity surged 11 percent compared to the previous quarter, driven by improved […]

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ChatGPT-Maker OpenAI to Establish Singapore Office for Regional Expansion

OpenAI to Open Singapore Office to Support APAC Expansion OpenAI, the company behind the popular AI chatbot ChatGPT, is taking significant steps to strengthen its presence in the Asia-Pacific region by opening an office in Singapore later this year. This move, announced on October 9, 2024, at Tech Week Singapore, marks another milestone in OpenAI’s […]

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British International Investment and Ecobank Sierra Leone Sign $25 Million Risk Sharing Agreement to Boost Private Sector Growth

In a significant move towards promoting economic development in Sierra Leone, British International Investment (BII), the UK’s development finance institution, has signed a $25 million risk-sharing facility with Ecobank Sierra Leone. This agreement aims to provide much-needed financial support to the private sector in Sierra Leone, particularly targeting small and medium-sized enterprises (SMEs), and boost […]

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SWIFT to Trial Live Digital Currency Transactions in 2025

The global bank messaging network SWIFT will initiate live trials of tokenised assets and digital currency transactions next year, marking a significant advancement in the slow-moving integration of digital currencies into the traditional financial system. This announcement from SWIFT, which plays a critical role in the global financial infrastructure, represents a milestone as financial institutions […]

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OpenAI Closes $6.6 Billion Funding Round with Investment from Microsoft, Nvidia, and Abu Dhabi’s MGX

OpenAI, the pioneering artificial intelligence research lab behind the popular ChatGPT, has successfully secured $6.6 billion in funding, boosting its valuation to a staggering $157 billion. This round of investment attracted major participants, including returning venture capital firms like Thrive Capital and Khosla Ventures, along with tech giants such as Microsoft and Nvidia. Additionally, investment […]

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Agility Global Invests in Global Ventures’ Third Fund: Boosting MEA Innovation

In a significant development for Middle East and Africa’s (MEA) entrepreneurial ecosystem, Singapore-based multi-business operator and long-term investor Agility Global has announced an investment in Global Ventures’ third fund. While the exact investment amount remains undisclosed, the backing signals a substantial vote of confidence in the region’s burgeoning startup scene, particularly in sectors like supply […]

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