Apple purchases Tel Aviv-based PrimeSense for USD345 million - report
According to a report written in Hebrew at Calcalist, Apple acquired the company that helped develop the original Kinect of Microsoft for USD345 million.
Middle East
India Secures 10-Year Chabahar Port Deal With Iran, Bypassing Rival Pakistan's Gwadar
India secured a 10-year Chabahar Port deal with Iran, bypassing Pakistan's Gwadar. The investment totals $370 million. The move strengthens regional ties and enhances trade routes amid escalating tensions.
Chinese Companies Dominate Licensing Bids to Explore Iraq Oil and Gas Fields as US Snubs Energy Bidding Round
Chinese companies won five more bids to explore and develop oil and gas fields in Iraq...
Despite Biden Administration Pause, Billions of Dollars Worth of US Weaponry Still Due to Go to Israel
Despite the Biden administration's pause on one bomb shipment and review of others due to concerns over potential civilian casualties, Israel is still set to receive US weaponry worth billions of doll..
Maersk Shipping Disruption Amid Houthi Attacks in Red Sea Could Force More Delays
Red Sea container shipping is experiencing increased disruption, according to Maersk, which predicts that capacity between Asia and Europe would be reduced by up to 20% in the second quarter...
Biden Administration Halts US Ammunition Shipment to Israel; Tel Aviv ‘Unaware’ of Washington’s Decision
Israel is "unaware" of any US decision to halt a supply of ammunition ...
EU Vows $1 Billion Aid for Lebanon Amid Spiralling Economic Crisis
The European Union has recently unveiled a substantial aid package of ...
Latest News
Top deals of the day - Mergers & Acquisitions
The following bids, mergers, acquisitions and disposals were reported on Thursday including Sigma Alimentos, Fastjet, Rostelecom, DNB, Caixabank, Cyfrowy Polsat, America Movil, Alitalia, Telecom Itali
Israel venture capital funds struggle to raise new capital amid hot high-tech industry
Although Israeli venture capital funds had much to gain from exits in successful startups this year, data from research firm IVC Online showed that a lack of available capital has impede the funds' ab
Top deals of the day - Mergers & Acquisitions
The following bids, mergers, acquisitions and disposals were reported on Wednesday including BNP Paribas, Facebook, Crocs, VTB Capital and Flybe Group.
Moody's upgrades UAE from negative to stable
Moody's Investor Service had upgraded the ratings for the United Arab Emirates from negative to stable due to recent real estate recoveries and the decline of problematic loans in the market.
Private equity firm, bank surpasses Hong Kong government in Philippine aid
An article pointed out how the donation of the state of Hong Kong paled in comparison to donations and efforts by HSBC Group and KGLI Asia.
Majid Al Futtaim to buy Spinneys supermarket chain
Majid Al Futtaim Holding LLC announced that it will be acquiring a Jourdan branch of the Middle East supermarket chain Spinneys. This year, the company also acquired a minority stake in Majid Al Futta
Zain's fifth straight quarterly decline blamed on foreign exchange issues
Kuwait's Zain blames the decline in the Sudanese pound as well as other foreign exchange factors for the company's fifth straight decline in quarterly profit.
Reuters: Iran's Setad controls properties worth more than Iran's oil exports
The Setad, an entity created by the first Ayatollah, now had expanded its business interests to real estate and nearly twelve other Iranian companies both locally and worldwide.
Kingdom Holdings shares in Twitter valued at USD900 million
With the IPO of microblogging service Twitter recently concluded, the 3% shareholdings of Kingdom Holding initially worth USD300 million in 2011 is now worth USD900 million.
