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GBO CorrespondentSeptember 17, 2021

Blackstone in talks to acquire VFS Global for $1bn

GBO CorrespondentSeptember 17, 2021
VFS Global is 90% owned by Swedish Private Equity and 10% by...
Asset ManagementBlackstoneDubaiVFS Global
GBO CorrespondentSeptember 17, 2021September 17, 2021

Emirates to hire 3,000 cabin crew and 500 airport staff over the next six months

GBO CorrespondentSeptember 17, 2021September 17, 2021
The latest hire is a part of its plans to ramp up...
AviationCovid-19DubaiEmiratesMiddle EastMiddle East aviation
GBO CorrespondentSeptember 17, 2021

Telecom giants Ooredo and CK Hutchison merge together in a $6 bn deal

GBO CorrespondentSeptember 17, 2021
The merger will create a larger, commercially stronger and more competitive telecom...
CK HutchisonIndonesiaIndonesian telecomOoredoTelecom
GBO CorrespondentSeptember 16, 2021

Mhnet telecom acquires Brazil’s Creral telecom to expand its presence

GBO CorrespondentSeptember 16, 2021
Presently, Mhnet telecom is present in 150 cities and has 25 thousand...
BrazilBrazil telecomCreral telecomLatin AmericaLatin America telecomMhnet telecomTelecom
GBO CorrespondentSeptember 16, 2021

Standard Chartered to drive sustainable finance and capital markets in Saudi Arabia

GBO CorrespondentSeptember 16, 2021
Standard Chartered started offering banking services through its branch in Saudi Arabia...
BankingSaudi ArabiaStandard Charteredsustainable finance
GBO CorrespondentSeptember 16, 2021

Saudi Real Estate raises $426.4 mn to finance Saudi Vision 2030 projects

GBO CorrespondentSeptember 16, 2021
The funds will be raised with the help of priority rights issues...
Middle EastReal EstateSaudi Arabia
GBO CorrespondentSeptember 15, 2021

Saudi Arabia’s ACWA Power aims to raise $1.2 bn in IPO

GBO CorrespondentSeptember 15, 2021
The company plans to issue 85.3 mn shares that represents 11.67% of...
ACWAenergyMiddle EastSaudi ArabiaSaudi Arabia energyTadawul
GBO CorrespondentSeptember 15, 2021

Global debt reaches record high of $300 tn in Q2 as lockdown eases

GBO CorrespondentSeptember 15, 2021
The rise in debt levels was the sharpest among emerging markets...
Covid-19Economyemerging marketsGlobal debtworld economy
GBO CorrespondentSeptember 14, 2021

The global shipping industry is making record profits

GBO CorrespondentSeptember 14, 2021
The latest jump has been caused because of a 333% hike in...
Covid-19Ports and Shipping
GBO CorrespondentSeptember 14, 2021September 14, 2021

Arab Petroleum Investment Corporation plans to invest $1 bn in green energy projects

GBO CorrespondentSeptember 14, 2021September 14, 2021
The two-year investment is a part of its low-carbon footprint energy transition...
APICORPGreen energy projectsInvestmentMENASustainable energy
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The ‘Brexit Bill’ United Kingdom is still payingBrexit has caused missed growth opportunities, suppressed investments, higher prices, and constrained ambition…

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