Start-up investments in the Middle East and North Africa (MENA) region saw a significant decrease in the first half of 2024, amounting to $882 million. This represents a 46% drop from the $1.6 billion raised in the same period in 2023, as reported by Wamda and Digital Digest. The ongoing conflict in Gaza has introduced […]

Paramount Global (NASDAQ: PARA) has finalized a monumental merger agreement with Skydance Media, marking a significant development in the entertainment industry. The merger, valued at over $8 billion, received unanimous approval from Paramount’s board after months of speculation and negotiation. As part of the deal, Paramount’s class A shareholders will receive either $23 per share […]

In a significant move towards sustainable energy, the Abu Dhabi National Oil Company (ADNOC) and the Japan Bank for International Cooperation (JBIC) have signed a $3 billion green financing agreement. This deal, worth approximately 11 billion UAE dirhams, aims to support ADNOC’s decarbonization and energy transition initiatives. Strategic Green Financing Partnership The agreement, which follows […]

The outlook for Hong Kong’s initial public offering (IPO) market is promising, according to global consulting firm EY, signaling a turnaround after recent challenges. George Chan, EY’s global IPO leader, anticipates a significant recovery over the next five years, driven by improving market conditions and potential interest rate cuts. In an interview with CNBC, Chan […]

Kovitz, a leading wealth management firm, is set to exceed $24 billion in assets under management (AUM) following the announcement of a merger with Relative Value Partners Group, LLC (RVP). This move is a significant step in Kovitz’s growth strategy under the Focus Financial Partners umbrella. The merger with RVP, expected to close in the […]

Abu Dhabi’s United Al Saqer Group (UASG) is set to invest $200 million in London-based visual effects and animation studio DNEG Group. This significant investment values DNEG at over $2 billion and aims to elevate the media and technology landscape in the UAE capital. Establishing a Media Hub in Abu Dhabi A key part of […]

At the Breakthrough Energy Summit today, EU-Catalyst announced a significant €75 million investment aimed at advancing cutting-edge climate technologies through Rondo Energy’s innovative industrial decarbonization projects. This funding, supported by Breakthrough Energy Catalyst, the European Investment Bank (EIB), and the European Commission, marks a pivotal step towards enhancing sustainability across Europe. Mario Fernandez, Head of […]

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 […]