Financial services firm Gulf Islamic Investments LLC is planning to purchase a stake in a Saudi healthcare company for around $600 million, co-founder Mohammed Alhassan revealed during an interview. This is expected to be the largest deal that GLL has completed to date.
Currently overseeing over $2 billion in investments,...
Reliance Industries Ltd announced last week that it will be investing $144 million in U.S. energy storage company Ambri Inc. The Indian oil-to-telecoms conglomerate will be joined by the investors such as Bill Gates as well as the investment management firm Paulson & Co.
Through its Reliance New Energy Solar...
An inside source from the Goldman Sachs Group revealed the investment banking titan's intent to double its annual property investments in Japan to approximately 250 billion yen ($2.3 billion). This strategy is believed to be aimed at meeting the surging demand for data centers and logistics hubs in the...
Technology investment company Prosus announced its intention to sell 2% of its stake in Chinese software giant Tencent, a move that will see the company's share be decreased from 30.9% to 28.9%. The value of the stocks that Prosus intends to let go of amasses to approximately $15 billion.
Prosus,...
When you're working from paycheck to paycheck, it's not always easy to save up money. For this reason, the small amount that you do manage to save should be treated with as much care as possible. If you've been able to save up to $1,000 in your bank account,...
Whitney Tilson invested in Netflix when it was only at $7.78 a share. Now that Netflix is the massive streaming giant it is today, everyone wants to know what this man's secret is. Thankfully, he's more than willing to give his pearls of wisdom.
But investing in Netflix wasn't his...
With the European Union's sights set on rolling out 5G across its 27 member states, the body will need to invest €300 billion ($355 billion) into its telecommunications infrastructure by 2025, a study by consulting firm BCG found. Commissioned by telecoms lobbying group ETNO, BCG performed its study at...
Digital payments provider SumUp revealed on Tuesday that it has borrowed a sum of 750 million euros ($894 million) from backers led by Goldman Sachs. These funds will be used to fuel the London-based company's acquisitions and new product efforts, with the end goal of continuing its global expansion.
In...
The Warren Buffet-led conglomerate Berkshire Hathaway has decided to decrease the sum of its investments in Apple Inc, opting to instead reinvest some capital in companies from the drug, telecom, and oil industries during the latest financial quarter. Berkshire Hathaway's latest initiative became apparent in the company's filings with...
The Goldman Sachs Group unveiled Marcus Invest, its new digital wealth management system that is due to be released sometime this year. This low-cost platform will allocate and rebalance customers' wealth across an array of portfolios consisting of both stocks and bonds. This platform's wealth allocation system is based...