Mizuho Financial Group, a Tokyo-based banking and financial services company, has joined forces with the London Stock Exchange Group (LSEG) in a strategic partnership aimed at bolstering the carbon credit market. This collaboration comes in the wake of LSEG’s introduction of the Voluntary Carbon Market (VCM) designation in 2022, which identifies funds and companies investing […]

Investments in liquefied natural gas (LNG) are forecast to rise by over 50% by 2029, according to a recent Goldman Sachs Research report. This surge is anticipated to significantly boost global LNG supply, potentially increasing it by 80% by 2030 and helping to address the European energy crisis. The report highlights new projects in Qatar […]

President Javier Milei of Argentina has embarked on a significant tour of Silicon Valley this week, engaging with leaders of some of the world’s most influential tech companies. This marks his seventh international trip since assuming office late last year, reflecting his administration’s focus on attracting foreign investment to strengthen Argentina’s tech sector. On Monday, […]

The Investment Corporation of Dubai (ICD), the main investment arm of the Government of Dubai, reported a record net profit of 60.8 billion UAE dirhams ($16.55 billion) for the fiscal year ending December 31, 2023. This represents nearly double the AED 36.1 billion profit recorded in 2022, highlighting the robust growth of Dubai’s investment portfolio. […]

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 […]