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Company News, Business, Economy

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

Investcorp buys stake in SEC Newgate

The overarching objective of the climate solutions platform is to accelerate the global transition to a zero-carbon economy.
By TRENDS Desk
July 3, 2023 9:10 pm
  • SEC Newgate's other shareholders will roll over 100 percent of their equity investment as part of the transaction.
  • The deal values Milan- headquartered SEC Newgate at over US$250 million, an Investcorp statement said.

MANAMA, BAHRAIN  –   Alternative investment firm Investcorp said it will invest US$100 million for a majority stake in SEC Newgate – a strategic communications and advocacy group.

The deal values Milan- headquartered SEC Newgate at over US$250 million, an Investcorp statement said.

SEC Newgate’s other shareholders will roll over 100 percent of their equity investment as part of the transaction.

Investcorp’s investment will help SEC Newgate expand in EMEA and the APAC region through both organic growth and M&A.

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