Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Company News, Business, Economy

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

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.

[adinserter block="5"]

Most Read

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]