Iraq mulls increasing oil production to 8 mn bpd by 2027
The same was revealed by Iraqi oil minister Ihsan Abdul Jabbar
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Chinese healthtech MediTrust raises $300 mn ahead of IPO
Boyu Capital, Lillly Asia Ventures, and CICC participated in the funding round
London-based Kroo raises £17.7 mn to drive mobilisation phase
The funding round was led by tech entrepreneur and founder of Karlani Capital, Rudy Karsan
US National Security advises Brazil to avoid Huawei equipment in the 5G network
US national security advisor Jake Sullivan conveyed a warning to Brazil president Jair Bolsonaro during a trip last week
Air Arabia bounces back as it reports $12 mn profit for H1
The low-cost airline registered profit for three months in a row since the Covid-19 pandemic
BlackRock raises €609 mn for its inaugural European real estate debt strategy
BlackRock European Real Estate Debt Fund (ERED) received capital commitments from over 20 different investors
Dubai’s residential market sees growth as investors return
A record 74% year-on-year growth was noted in transaction volume in six months
Indonesia’s Pertamina takes over Chevron’s Rokan Block
Pertamina will invest $2 bn over the next four years to reverse declining production at the legacy asset
Nigerian renewable energy company Daystar Power closes a $20 mn deal from IFC
This follows the $38 million series-B funding in January
Hungary-based carrier Wizz Air plans to hire 4,600 pilots by 2030
The airline also plans to triple the size of the fleet in the next 10 years