Serrari Group

SEC Greenlights Ethereum ETFs for BlackRock, Fidelity, and Others

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, […]

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Zachry Holdings Files for Bankruptcy Amidst QatarEnergy and ExxonMobil LNG Project

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 […]

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King Street Capital Management Acquires Majority Stake in Colovore, a Silicon Valley Data Center Operator

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 […]

Saudi Arabia ETF Plans Tokyo Stock Exchange Debut Amidst Postponed Royal Visit

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 […]

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BIG Holding to Raise $147 Million in Kuwait’s First IPO in Two Years

 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 […]

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Mahindra Announces $1.44 Billion Investment in Electric Vehicles Amidst Strong SUV Sales

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 […]

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UAE Annual Investment Congress Explores BRICS Expansion and Global Economic Impact

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 […]

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AWS Announces $8.4 Billion Cloud Investment in Germany

Amazon Web Services (AWS) has announced a major investment of €7.8 billion ($8.44 billion) to enhance its cloud computing infrastructure in Germany, aiming to strengthen its presence in Europe. This initiative will see the establishment of multiple data centers in the German state of Brandenburg by the end of 2025. This investment supports AWS’s strategy […]

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France Garners Record Foreign Investments Valued at $16.2 Billion

France’s economic prowess shines as it secures an unprecedented influx of foreign investments, totaling over 15 billion euros ($16.2 billion). President Emmanuel Macron’s rendezvous with global business leaders at the illustrious Chateau de Versailles, themed “Choose France,” unveiled this remarkable achievement. Tech juggernaut Microsoft spearheads the investment wave, committing a substantial four billion euros towards […]

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China’s Lithium Investment in Africa Yielding Results

A strategic investment by China in Africa’s lithium mining sector is proving fruitful, with a notable revival observed at a previously dormant mining site in northwest Zimbabwe. This resurgence follows significant investment from a Chinese company into a modern lithium processing plant, reflecting the global surge for this valuable resource. The Kamativi lithium mine, situated […]

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