Saudi Aramco has signed contracts worth over $25 billion to advance the Jafurah gas field and expand its main gas network. This significant move aims to enhance Saudi Arabia’s standing as a leader in unconventional gas production. The contracts encompass the second phase of the Jafurah field’s development and the third phase of the main […]

Jain Global, a hedge fund established by former Credit Suisse manager Bobby Jain, has raised $5.3 billion in preparation for its July launch. Among the notable investors is the Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds. Strategic Backing from Major Institutions In addition to ADIA, Jain Global has secured […]

San Francisco-based Bright Machines, an innovator in AI-driven manufacturing automation, has announced the successful completion of its Series C funding round, raising $106 million. This round saw participation from notable investors including Nvidia, Microsoft, Eclipse Ventures, Jabil, and BlackRock. In addition, the company secured $20 million in debt financing from J.P. Morgan. Bright Machines specializes […]

Alcazar Energy Partners has announced a landmark investment of $500 million in North Macedonia’s renewable energy sector, marking a significant step towards the country’s transition away from coal-fired power generation. The project, named Shtip and situated 75 kilometers south of Skopje, is set to become the largest wind farm in North Macedonia. Construction of the […]

In the latest report from HODL15 Capital, BlackRock and Grayscale emerge as the top holders of Bitcoin globally. BlackRock leads with 305,614 BTC, followed closely by Grayscale with 277,067 BTC. These figures highlight their significant positions in the institutional Bitcoin investment landscape. MicroStrategy follows with 226,331 BTC, demonstrating continued confidence in cryptocurrency as a strategic […]

HBX Group has announced the launch of a specialized investment fund aimed at fostering innovation within the travel sector. This new initiative, backed by €50 million in initial capital, follows the success of HBX Group’s TravelTech Lab, which was established in 2023 to support startups and scaleups in the travel technology industry. Under the leadership […]

Brazil’s tax authority is set to increase oversight of foreign cryptocurrency exchanges operating within the country. This week, the tax revenue service will publish an ordinance requiring these exchanges to provide detailed information about their operations and compliance with local regulations. Representations of cryptocurrencies plunging into water, as captured by Reuters/Dado Ruvic, symbolize the volatile […]

 Nvidia Corporation has overtaken Microsoft to become the world’s most valuable company, highlighting a significant shift in the technology sector driven by the demand for artificial intelligence (AI). Nvidia’s shares rose 3.5% to $135.58, pushing its market capitalization to $3.335 trillion. This milestone was reached just days after Nvidia surpassed Apple. In comparison, Microsoft’s market […]

Goldman Sachs has raised its year-end forecast for the S&P 500 Index to 5,600, up from its previous estimate of 5,200. This adjustment comes as major U.S. technology giants, including Microsoft, Nvidia, Google, Amazon.com, and Meta Platforms, collectively experienced a substantial 45% increase in their stock prices. These companies now represent a quarter of the […]

British International Investment (BII) has finalized the sale of its 10.1% stake in I&M Group PLC (I&M) to AfricInvest, a leading Pan-African Asset Management platform. This transaction marks the conclusion of a successful seven-year partnership between BII, the UK’s development finance institution, and I&M, a prominent banking group in Eastern Africa. Founded in 1974 and […]