Iraq Bulletin

Author : Editor

Business

With an AED1.8 billion deal, IHC buys 50 percent of Turkish Kalyon Enerji

Editor
Through its subsidiary International Energy Holding, International Holding Company (IHC) has acquired a 50% stake in Turkish clean energy market leader Kalyon Enerji for AED1.8 billion. The Turkish company Kalyon Enerji is owned by Kalyon Holding, which operates in the construction, energy, and aviation sectors. As part of this transaction,......
Business

Saudi-Egyptian Investment Co. invests $1.3 billion in four Egyptian companies

Editor
Egypt’s planning ministry announced on Wednesday that the Saudi Egyptian Investment Company (SEIC), established by the Saudi Arabian Public Investment Fund (PIF), has purchased minority stakes in four Egyptian companies valued at approximately $1.3 billion. Among these four companies are Abu Qir Fertilizers and Chemical Industries ABUK.CA, Misr Fertilizers Production......
Technology

Funding for metaverse projects is raised with a $10 billion bond issue by Meta

Editor
Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, raised $10 billion in its first bond offering on Tuesday. The technology giant plans to use the raised capital to revamp its business and fund share buybacks. Several expensive initiatives, including its virtual reality metaverse, will also be funded with......
Travel

Lufthansa Consulting signs agreement with BAS

Editor
Bahrain Airport Services (BAS) has signed a consultancy agreement with Lufthansa Consulting (LCG) to provide business optimization and process improvement consulting services. With the objective of improving efficiency and achieving operational excellence, LCG will conduct a comprehensive study of BAS’s current operating model in order to assist BAS in transforming.......