Kuwait Oil will enter joint venture with the three global giants in a lease-and-leaseback structure for a 20.5-year period that includes a volume-based tariff.
HSBC sells Singapore insurance business to Germany’s Allianz in $2.09 billion deal
July 24 (Reuters) – HSBC said on Friday it will sell its Singapore life and health insurance business to Germany’s Allianz, in a deal valuing the unit at S$2.7 billion ($2.09 billion). The disposal is …
Durov: Georgia becoming major business hub
Telegram founder Pavel Durov says Georgia is becoming a “major business hub” and remains an underappreciated destination for both tourism …
Uber to acquire Foodpanda’s Taiwan business for $950 million, creating a potential monopoly
The all-cash deal is expected to close in the first half of 2025, the firms said in a joint statement on Monday. “We have come to the conclusion that we need to focus our resources on other parts of …
Kuwait’s KPC signs $16 billion lease and leaseback deal for oil pipeline network
By Federico Maccioni and Ahmed Elimam DUBAI, July 25 (Reuters) – Kuwait Petroleum Corporation (KPC) has signed a $16 billion deal to lease and lease back its crude oil pipeline network with a …
What investors are looking for in Israel’s next generation of startups
Gil Ben-Artzi discusses how AI is changing startup investing, where Israel’s competitive advantage lies, and why founders need more than a strong product to succeed in the US …
HSBC to Sell Singapore Insurance Business to Allianz for $2.1 Billion
HSBC has been undergoing a broad revamp, cutting costs and streamlining operations as it accelerates its pivot to Asia, where it generates the bulk of its profits.
UAE and Canada conclude CEPA negotiations as trade tops $4.2bn and investment ties deepen
The UAE and Canada conclude CEPA negotiations after bilateral trade reached $4.2bn in 2025, with the deal set to cut tariffs and boost investment …
A Legendary Cultural Partnership of Two Legends: Hotel Okura & Plataran Indonesia – A Hospitality Friendship Diplomacy
TOKYO & JAKARTA, Indonesia–(BUSINESS WIRE)–Hotel Okura Co., Ltd., the leading global Japanese hotel operator that embodies Japan’s Omotenashi spirit of hospitality and Plataran Indonesia, known as …
Germany-Azerbaijan Business Council reflects broader shift in economic diplomacy
The German-Azerbaijani Business Council embodies this modern approach by providing a permanent platform where representatives of both countries can exchange ideas, identify common interests, and …