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India-based chemical producer, TCI Sanmar Chemicals, is planning to inject $200 million into the Egyptian market in a move that will bring the company’s total investment in the Arab country to $1.7 billion. CEO, Sherif Al-Menoufi, Al Mal News reported, Read more
Dubai-based, global infrastructure-led supply chain solutions provider, DP World and its Canadian partner Caisse de dépôt et placement du Québec (CDPQ) Wednesday confirmed their plan to increase their investment platform with $4.5 billion. The commitment will bring the total size Read more
Abu Dhabi state fund Mubadala Investment Co has acquired 1.85 per cent of Jio Platforms, Reliance Industries Ltd’s technology platform for an investment of $1.21 billion. The operation brings the total Jio Platforms’ shares sold to 19 per cent after Read more
Saudi Arabia’s Agricultural and Livestock Investment Company, Salic, has acquired 29.81 per cent of Daawat Foods Ltd (DFL) from the India Agri Business Fund. The acquisition is in line with the Saudi investment company’s strategy to invest in rice, the Read more
An investment firm backed by a member of the Abu Dhabi royal family has acquired 20 per cent of Lulu, a supermarket group, for a total investment of $1 billion, report say. Source knowledgeable of the matter who spoke to Read more
Dubai has been chosen to play host to the Asia Cup to allow archrivals,Pakistan and India, to clash, AFP reports citing the Indian cricket top official. “The Asia Cup will be held in Dubai and both India and Pakistan will Read more
Qatar, India’s largest liquefied natural gas (LNG) supplier, Monday said it will not reduce the price of gas under current and long-term deal as requested by New Delhi, reports say. Energy Minister Saad Sherida al-Kaabi who also doubles as head Read more
Saudi Arabia will inject about $100 million investments in India’s petrochemical, energy, mining and several other sectors, the Saudi ambassador to the country has revealed. Dr Saud bin Mohammed Al Sati told Indian largest news agency PTI that the kingdom Read more
Reliance Industries Limited Monday said Saudi Arabia’s global oil giant Aramco is in line to acquire 20 per cent of oil to chemicals business. The investment, according to Reliance Industries Limited chairman, Mukesh Ambani, is the biggest by a foreign Read more
Russia and Spain Tuesday lambasted fresh sanctions on Iran by the US, which is bullying countries to stop buying the Iranian oil. US President Donald Trump and his administration enacted Monday another tranche of sanctions against Iran targeting its oil Read more