Banking and Finance

Diriyah Gate, one of Saudi Arabia's major and most ambitious projects, has thus far been financed by the nation's Public Investment Fund (PIF). Diriyah Gate Development Authority’s CEO, Jerry Inzerillo, expressed confidence that foreign investors will ultimately contribute at least half of the project’s $64 billion budget. During the Future...

The Estée Lauder Companies (ELC) has revealed that William Lauder will step down from his current role as Executive Chairman following the upcoming Annual Meeting of Stockholders, although he will remain Chair of the Board. The company also announced Stéphane de La Faverie’s appointment as President, Chief Executive Officer, and...

Icona Capital, a renowned alternative investment group, has made a landmark acquisition of a pristine island in the Maldives. This island, characterized by its untouched natural beauty, crystal-clear waters, and powdery white beaches, represents one of the most sought-after locations in the world for ultra-luxury developments. Positioned strategically near both...

Icona Capital, a leading alternative investment company, has entered into a binding agreement with Cromwell Property Group to acquire their European fund management platform and associated co-investments via Stoneweg, a real estate manager, which totals up to €3.9 billion of real estate assets under management, for a total consideration of...

In fiscal year 2024, the International Finance Corporation (IFC) supported essential sectors across Africa, including clean energy, manufacturing, digital connectivity, small business, trade, and agriculture, providing record levels of financing and comprehensive advisory support aimed at strengthening markets and generating jobs, especially in the continent’s most fragile and high-need areas....

On October 30, the Board of Directors of Green Hydrogen Systems announced the appointment of René Umlauft as Chief Executive Officer, effective November 1, 2024. Umlauft will succeed Peter Friis, who will be departing the company. Thomas Broe-Andersen, Chairman of the Board, acknowledged that the third quarter presented significant challenges...

Herning, Denmark, 30 October 2024 – Martin Skov Hansen has announced his departure as Everfuel's Deputy Chief Executive Officer in preparation for his nomination and anticipated appointment to the Board of Directors. Since joining Everfuel as Deputy CEO in January 2023, Hansen has played a crucial role in the company’s...

In recent days, shares of KPIT Technologies have faced significant declines, with a sharp 15% drop recorded on October 24, 2024. The fall came after JPMorgan Chase lowered its target price for the company, citing a revised revenue growth outlook for fiscal year 2025, now estimated at the low end...

US insurance brokerage TIH has announced that Dave Obenauer, its current President, will assume the role of Chief Executive Officer effective January 1, 2025, as current CEO John Howard transitions to Vice Chair. With over 35 years in the insurance industry and tenure at TIH dating back to 2007, Obenauer...

Shares of Japanese optics giant Olympus Corp. dropped significantly on Monday following the announcement that CEO Stefan Kaufmann had resigned due to a drug-related accusation. Data from LSEG showed that the company’s stock fell by 5.3% on the Tokyo Stock Exchange in response to the news. Despite the drop, Olympus...