International
Finance
BlackRock to launch PIF-backed Saudi investment platform
The world's largest asset manager BlackRock said on Tuesday it plans to launch a new investment platform in Saudi Arabia, ......
TMT
UAE's e& seeks to buy $8.6 bn European carrier United Group
Abu Dhabi-based Emirates Telecommunications is considering an acquisition of European cable and pay-TV operator United Group at a valuation of ......
TMT
European IT giant Asseco Group set to log out of Nigeria unit
Asseco Group, the Poland-headquartered software giant with a presence in over 50 countries, plans to exit the Nigerian market by ......
Manufacturing
Saudi firm Ma'aden to buy US fertilizer maker Mosaic's stake in JV for $1.5 bn
Fertilizer maker Mosaic Co said on Tuesday that Saudi Arabia's flagship mining firm Ma'aden would acquire the U.S.-based company's stake ......
TMT
Abu Dhabi-backed RedBird IMI scraps Telegraph deal, to sell UK newspaper
Abu Dhabi-backed RedBird IMI on Tuesday said it would sell the Telegraph after it scrapped its acquisition of the right-leaning ......
General
Global asset manager Barings opens office in Dubai
Barings, a global investment management firm that manages assets worth $406 billion, has opened an office in Dubai to help ......
TMT
Bahrain's Investcorp to acquire NSE's digital arm for $120 mn
Bahrain-based private equity and real estate investor Investcorp has entered into an agreement to acquire NSEIT, the digital technology business subsidiary ......
TMT
MENA Digest: UAE's WEE Marketplace, three Egyptian startups secure funding
Funding activity in the Middle East and North Africa region revived this week with a slew of early-stage deals, led ......
TMT
Saudi PIF, STC Group likely to bid for Spanish Cellnex's Austrian unit
Saudi Arabia's STC Group and sovereign fund PIF may bid for the Austrian unit of Spanish mobile phone tower operator Cellnex, ......
Finance
Saudi Arabia's PIF hits $749 bn in assets under management
Saudi Arabian sovereign wealth fund PIF's managed assets reached 2.81 trillion riyals ($749.2 billion) in 2023, state news agency SPA ......
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