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 […]

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 […]