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Ports & Shipping;Mergers & Acquisitions

Maersk subsidiary takes minority stake in Saudi Arabia’s Jeddah container terminal

APM Terminals, part of Maersk, has acquired a 37.5% stake in the South Container Terminal at Jeddah Islamic Port, joining UAE-based DP World, which retains 62.5% control. The partnership is expected to enhance regional logistics capabilities and support trade flows across Asia, Europe, and Africa.

Saudi Arabia | 6 days ago

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Business & Corporate | 1 hour ago

AFDB commits EUR 6.5 million to Saviu II to scale early-stage tech ventures in Francophone Africa

The African Development Bank Group has approved a EUR 6.5 million commitment to the Saviu II venture capital fund to strengthen seed-stage technology financing in Francophone West and Central Africa. The investment, supported by the European Commission under Boost Africa, aims to accelerate digital entrepreneurship and regional market integration.

Industry & Manufacturing | 12 minutes ago

STRABAG subsidiary ZÜBLIN wins major Codelco contracts for Chuquicamata underground expansion

STRABAG’s subsidiary ZÜBLIN has secured two large-scale contracts from Codelco to advance the underground transformation of the Chuquicamata copper mine in Chile. The project includes more than 54 kilometres of tunnelling and critical infrastructure works, with completion targeted for 2031 and a workforce of around 1,200.

Agriculture & Food | 14 minutes ago

Mizoram tables ₹174.7 billion FY27 budget prioritising agriculture and connectivity

Mizoram has proposed a ₹174.7 billion budget for FY2026–27, with allocations focused on agriculture, connectivity and social infrastructure. The plan includes continued funding for farmer support programmes and supplementary grants of ₹37.24 billion for the current fiscal, reflecting a calibrated approach to fiscal management and development spending.

Health & Medical | 1 hour ago

Blue Jet Healthcare to invest ₹23 billion in Andhra Pradesh pharma complex targeting FY29 commissioning

Blue Jet Healthcare will invest approximately ₹23 billion to establish a greenfield pharmaceutical manufacturing complex in Andhra Pradesh’s Rambilli Industrial Park. The phased project, expected to be operational by FY2028–29, will expand capacity for contrast media intermediates and specialty chemicals while creating 2,000 jobs.