The recent attempt on former President Donald Trump’s life has sent ripples through Wall Street, affecting various sectors of the US equity markets. Despite the unsettling news, the week ended on a positive note, driven notably by a strong showing from the Russell 2000 index, which surged 6%. The Dow Jones and S&P 500 also […]

Chevron Corp and Hess Corp, two major players in the oil industry, are preparing for a crucial review of their planned merger by the U.S. Federal Trade Commission (FTC) expected in the third quarter of this year. Originally set to close in the first half of 2024, the $53-billion deal hit a roadblock when Exxon […]

Nasdaq Dubai is thrilled to announce the listing of three new Sukuk issuances from Indonesia, totaling an impressive $2.35 billion. This addition bolsters Dubai’s position as the top global hub for Sukuk listings, bringing the total value of Sukuk on the exchange to $96.39 billion. These Sukuk issuances, part of Indonesia’s $35 billion Trust Certificate […]

Saudi Aramco, the world’s largest oil company, has taken advantage of high investor demand by selling an additional 154.5 million shares. Merrill Lynch Kingdom of Saudi Arabia, the stabilizing manager for the share sale, confirmed this on Tuesday. Last month, Aramco launched a secondary public offering, initially selling 1.54 billion ordinary shares, which was about […]

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 […]