Telecom giants Ooredo and CK Hutchison merge together in a $6 bn deal
The merger will create a larger, commercially stronger and more competitive telecom and internet company
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Mhnet telecom acquires Brazil’s Creral telecom to expand its presence
Presently, Mhnet telecom is present in 150 cities and has 25 thousand km of optical fibre backbone
Standard Chartered to drive sustainable finance and capital markets in Saudi Arabia
Standard Chartered started offering banking services through its branch in Saudi Arabia that received a banking license in 2019
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
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