Saudi Arabian hospitality companies Taiba Investment Co. and Dur Hospitality Co. are currently in talks over a potential merger to combine their companies, with the new company expected to be worth a market value of $2.4 billion.
While Dur Hospitality Co. specializes in operating restaurants, vacation resorts, and housing compounds...
With India in the middle of a health crisis due to a rampant number of COVID-19 cases and deaths across the country, the government is in the process of granting foreign vaccine makers such as Johnson & Johnson, Moderna, and Pfizer protection against legal liability when distributing shots in...
With Germany opening vaccinations to all sectors of the population, the German government has acknowledged the lasting economic effect that the pandemic has had on local businesses, deciding to extend its economic aid to companies that have been damaged by the coronavirus pandemic until the end of September.
Originally revealed...
Several sources confirmed on Wednesday that Saudi oil group Aramco is currently engaged in talks with multiple banks for the issue of a U.S. dollar-denominated bond. This sale is being sought in order for Aramco to raise money ahead of some major commitments that have been made to its...
Following the surge of a new coronavirus variant detected in various counties across the region, several Southeast Asian markets are reeling from the crippling effects of the new outbreak. Currently, an array of new lockdown restrictions have been imposed, resulting in mass factory closures and a ramping up of...
Japanese shares rose significantly on Friday morning following the advancements in the country's vaccination rollout which is paving the way to a smooth economic recovery. As a result, investors moved to scoop up stocks that had previously been sold off due to the wavering economic uncertainty in the previous...
In an effort to propel its fundraising efforts, UAE-based oil firm Adnoc raised $1.64 billion through the sale of stocks and bonds to institutional investors. In an announcement by Abu Dhabi’s state oil firm, the deals were completed on Wednesday and saw "significant demand" from both regional and international...
Indoor vertical farming startup Bowery Farming confirmed on Tuesday that it raised $300 million in its latest funding round, led by Fidelity Management & Research Company LLC. This new injection of capital sees the New York-based startup's value inflate to $2.3 billion.
With the coronavirus outbreak shedding light on the...
Hedge fund Elliot Investment Management has urged Duke Energy Corp. to separate into three companies; a move that the New York-based firm expects will attract approximately $15 billion in value for the energy company's existing investors.
While Duke may own an array of high-quality utility franchises, the electric power holding...
The U.S. Department of Labor released its weekly report on jobless claims this Thursday, with initial unemployment claims dropping to a new low since the start of the coronavirus pandemic. This improvement has been largely spurred by the return to in-person activities as more Americans are vaccinated and returning...