Private equity deals in the Middle East and North Africa region totaled $27.6 billion between 2020 and 2024, with a compound annual growth rate of 14 percent, driven largely by Saudi Arabia and the UAE, according to a new report. While the UAE dominated deal activity from 2020 to 2022, Saudi Arabia overtook it in […]
Europe’s leaders to the East are piling pressure on the EU to release hundreds of billions of dollars worth of frozen Russian assets to fund Ukraine’s war effort as relations with the U.S. deteriorate. Leaders from Poland, Estonia, and Finland have in the last week added to growing calls to liquidate Russian central bank reserves, […]
India is finalizing a $1 billion capital subsidy plan to bolster its solar manufacturing industry, according to people with knowledge of the matter, as part of a wider effort to reduce dependence on China and profit from the global energy transition. The proposal is being made by the Ministry of New and Renewable Energy and […]
he EU Commission on Tuesday said it will present plans to make Europe’s ailing steel sector more competitive and to shield it from looming U.S. trade tariffs in the spring. Its action plan will follow a ‘strategic dialogue’ with key representatives of the sector chaired by commission president Ursula von der Leyen on March 4. […]
Saudi Arabia’s economic diversification efforts and the robust expansion of the non-oil sector, in line with its Vision 2030, are set to drive significant economic growth in 2025, according to a recent analysis. First Abu Dhabi Bank, in its latest report, predicts that Saudi Arabia’s non-energy gross domestic product will grow by 4.4 percent in […]
The Saudi Real Estate Refinance Co., a Public Investment Fund subsidiary, has priced its first international sukuk issuance, raising $2 billion, boosting the local economy and attracting foreign investment. SRC’s sukuk issuance supports Saudi Arabia’s Vision 2030 goals, including expanding the mortgage market, promoting homeownership, and attracting global investment. The sukuk, structured in two tranches […]
The loan will be used for the design, equipment procurement, construction, and operation of the long-delayed project. The Song Hau 2 Thermal Power Plant Project is implemented under the build-operate-transfer (BOT) model in Chau Thanh district, Hau Giang province. Invested in by Toyo Ink Group Berhad, the plant features two 1,060 MW generators. With an estimated […]
Secretary of Thai Binh Party Committee Ngo Dong Hai set the deadline at a meeting last week with Japan’s Tokyo Gas Co., Ltd. and Vietnam’s Truong Thanh Vietnam Group, two of three partners in a joint venture named Thai Binh LNG Power JSC — the investor. The province has also set a target to complete […]
Some African cities are becoming major business destinations, attracting investors and entrepreneurs from around the world. However, with a strong financial sector, high property values, and a growing number of wealthy residents, one city has established itself as the continent’s best place to do business. Its strong financial services sector makes it a popular destination for investment, drawing big corporations […]
Jio BlackRock, the joint venture between BlackRock Inc and billionaire Mukesh Ambani’s financial services unit, has named Sid Swaminathan to head the firm as it prepares to break into India’s burgeoning asset management business, people familiar with the matter said. London-based Swaminathan, a 20-year veteran at the world’s largest asset manager, is joining Jio BlackRock […]