Aramco and SABIC to lead $1.3trn Saudi diversification drive

Oil and petrochemical giants Aramco and SABIC are to spearhead a new $1.3trn Shareek (Partner) programme…

Airbnb hires Apple vet in run-up to IPO

Airbnb has hired iMac, iPhone, iPad and Apple Watch designer Sir Jony Ive to help create…

Ant Group all set for world’s biggest IPO

Jack Ma’s Ant Group was all set to launch the world’s largest ever stock market debut…

Allegro shares surge as pandemic boosts e-commerce

Stock in Polish e-commerce specialist Allegro shot up nearly 63% during its first day of trading…

Russia and China set to join forces in Saudi Aramco IPO

A joint Russia-China investment fund  is gearing up to participate in Saudi Aramco’s forthcoming IPO, the CEO of…

ADNOC planning $14bn float of UAE gas stations as Gulf states diversify

Abu Dhabi’s state-owned oil company ADNOC is planning to float a stake in its retail distribution…

Soaring gold prices tempt Polyus back to market

Encouraged by an 11% rise in global gold prices this year and by a separate $887m…

Sinopec considers IPO for retail arm

The state-run China Petroleum & Chemical Corp (Sinopec), was this week reported to have dusted off…

Vodafone ready to pump $3bn into India before spectrum auction

Vodafone: Faced with increasing competition from Mumbai’s Reliance Jio Infocomm and with a national  spectrum auction due…

Goldman Sachs buys stake in SOCAR Turkey prior to IPO

The Goldman Sachs investment bank has bought a 13% stake in SOCAR Turkey for $1.3bn, the Azeri…