GIC and ESR to buy logistics assets of Blackstone
The deal is worth $2.9 billion and is signed in demand for warehouse facilities
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Gain signs 11 partnerships to reduce service charges
This partnership is expected to address the rising service charges in the UAE property market for property owners
UAE’s economy supports banking sector outlook
Covid-19 pandemic, declining prices of oil and continued pressure on the real estate market increased risks for the banks of UAE
Cebu Pacific Air secures $250 mn from IFC and Indigo Partners
The board of directors approved the investment in the form of convertible bonds in a disclosure to the Philippine Stock Exchange
Citigroup plans to close consumer banking in markets
13 Markets around Europe, Asia and the Middle East will witness the closure.
ANA Holdings collaborates with Wingcopter for drone delivery infrastructure
The mission is to deliver vital pharmaceuticals and other consumer products in unmanned aircraft
Brazil plans for mandatory Covid-19 vaccine insurance
The insurance is expected to cover damages, side effects and fatality potentially caused by the vaccine.
Goldman Sachs plans to open a new office in Birmingham
First staffing will be working in the new office from the third quarter of 2021
ADNOC L&S obtains two more VLCCs
This brings the total number of VLCCs added to its fleet in the current year to eight
First-ever CSP plant in Latin America is online
The project is governed and owned by the US-based EIG Global Energy Partners