Valmet, a global technology leader serving the process industries, has entered into a deal with UK-based private equity firm Bluewater to acquire the Severn Group, a major US industrial valve company, for $480 million on a cash and debt-free basis.
The global GDP is projected to surge 2.8% in 2026, led by stronger momentum in the US and resilient exports from China, while the euro zone benefits from targeted fiscal support despite longer-term challenges, said Goldman Sachs Research in its new report.
The total value of Bahrain's non-oil exports (national origin) increased to BD317 million ($836 million) over the last year's figures of BD316 million ($833 million), said a report. The top 10 countries accounted for 73% of the total exports (National Origin) value.
Abu Dhabi-based Mubadala Investment Company and Barings, one of the world’s top investment managers, have entered into a $500 million global real estate debt partnership. The new JV will focus on investing in subordinated loans across real estate asset classes.
In 2023, the US produced 104 Bcf/d of natural gas, surpassing Russia. Three US regions—Appalachia, Permian, and Haynesville—rank among the world's top ten producers, with Appalachia at 33 Bcf/d, Permian at 21 Bcf/d, and Haynesville at 15 Bcf/d.
US President says Washington is ready to resume military operations but sees no immediate need for action; Netanyahu reportedly presses for fresh strikes as Tehran insists its conditions must be met before Hormuz reopens
The US military has carried out fresh, limited strikes on Iran's Qeshm Island, in an operation Washington described as defensive, even as President Donald Trump signalled that a diplomatic agreement with Tehran remained possible.
Abu Dhabi-based Modon Holding has announced a strategic investment in Wellington Lifestyle Partners (WLP), to deliver a landmark ultra-luxury real estate development in US featuring high-end residences, a boutique hotel and a championship golf course.
Al Tahaluf, a Saudi-US joint venture comprising a subsidiary of Hovnanian Enterprises and Hamad bin Saedan Real Estate Company, has unveiled its SAR1.07 billion ($291 million) residential community project - Soleya - within the King Abdullah Economic City (KAEC).
Saudi-based Front End Limited Company has joined hands with US-based mobile fuel expert, Booster Fuels, to launch its revolutionary mobile fuel delivery services across the kingdom. It will start with an initial pilot phase in Dammam city.
