Lenovo Group, the world’s largest personal computer manufacturer, has announced its plan to issue $2 billion in zero-coupon convertible bonds to Saudi Arabia’s Alat. The funds raised will primarily be used to repay existing debt and support general corporate activities. This move comes as part of a broader trend among Chinese tech giants to raise […]

Alef Education, a prominent educational technology provider, has announced plans to raise up to $515 million through an initial public offering (IPO) on the Abu Dhabi Securities Exchange. The company has set the indicative price range for the IPO at 1.30-1.35 dirhams per share, aiming for a market capitalization between $2.48 billion and $2.57 billion. […]

Global asset managers, including JPMorgan Chase, UBS, and Warburg Pincus, are actively working to expand their retirement product offerings in China following the country’s recent launch of a private pension system. This significant reform is aimed at addressing the financial needs of an ageing population and enhancing retirement savings options. China’s new private pension scheme, […]

In a significant development, the U.S. Securities and Exchange Commission (SEC) has approved eight applications for spot Ethereum exchange-traded funds (ETFs). The approvals follow the submission of 19b-4 forms detailing proposed rule changes and regulatory compliance, paving the way for ETF listing and trading. Among the approved firms are financial giants BlackRock Inc. and Fidelity, […]

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 […]