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IndusInd eyes $50bn valuation in BFSI through Mideast, India buys

IndusInd International Holdings, which has a significant shareholding from UAE residents, aims to grow its banking and financial services (BFSI) business to a targeted valuation of $50 billion through acquisitions in India, Europe and Middle East by 2030.

Private sector, banks to find funds to make Saudi Vision work

Saudi Vision 2030, which will require around $1 trillion in investments over several years, will inevitably increase leverage in the Saudi private sector and the broader economy, albeit from low levels, according to S&P Global Ratings.

Mubadala announces big investment in $4 2bn Australian urea project

Abu Dhabi-based Mubadala Investment has joined hands with Global Infrastructure Partners for a strategic investment in Perdaman’s A$6.4 billion ($4.2 billion) Western Australia Urea project, one of the largest urea fertilizer facilities in the world.

Zain Bahrain Q1 revenue hits $51m; net profit down 25pc

Zain Bahrain, a leading telecom company in the kingdom, has announced that its net profit for the first three months of 2024 fell 25.3% when compared to last year, while its revenue surged by 7.4% for the period to hit BD19.5 million ($51.4 million).

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