Saudi Real Estate raises $426.4 mn to finance Saudi Vision 2030 projects
The funds will be raised with the help of priority rights issues to finance projects such as Qiddiya and Roshan
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Saudi Arabia’s ACWA Power aims to raise $1.2 bn in IPO
The company plans to issue 85.3 mn shares that represents 11.67% of the company
Global debt reaches record high of $300 tn in Q2 as lockdown eases
The rise in debt levels was the sharpest among emerging markets
The global shipping industry is making record profits
The latest jump has been caused because of a 333% hike in the shipping cost
Arab Petroleum Investment Corporation plans to invest $1 bn in green energy projects
The two-year investment is a part of its low-carbon footprint energy transition strategy
Kuwait Oil Company to invest $1.6 bn on oil exploration in the next five years
The company aims to increase production to four mn bpd by 2040
Viva Colombia to start flying to Argentina
The airline received authorisation to launch a few routes between the two countries
MTN announces mobile money partnership with Flutterwave
The partnership will enable businesses to receive payment via MTB Mobile Money (MoMo)
Dubai Financial Market introduces three new futures equity contract
The new contract will include stocks of Dubai Investments, DFM Company and Shuaa Capital
Egyptian fintech MNT-Halan receives funding of $120 mn to drive further innovation
The funding round was attended by investors like Apis Growth Fund II, Development Partners International and Lorax Capital partners