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Ghitha Holding to Purchase 44% Stake in Turkish Cargo Leader MNG Airlines​

On Tuesday, February 6, Ghitha Holding PJSC, a subsidiary of the Abu Dhabi-based conglomerate International Holding Company, announced a significant development. The company struck a deal to acquire a 44 percent equity stake in MNG Havayollari ve Tasimacilik A.S. (MNG Airlines), a prominent commercial cargo company headquartered in Turkey. The acquisition is to be executed […]

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Gaming Mogul Invests £24 Million in Another London Mansion

Igor Bukhman, co-founder of gaming titan Playrix, has acquired a London mansion adjacent to one of his existing luxury residences. Last summer, the billionaire invested approximately £24 million ($30.6 million) in the Kensington property, which stands next to a mansion he purchased for over £45 million in 2019, as per sources familiar with the transaction

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The Wealthiest Woman in Eastern Europe Shifts $43 Billion Empire Westward

After the tragic demise of Eastern Europe’s wealthiest man in a helicopter crash, few recognized his wife’s identity. However, nearly three years later, Renata Kellnerova has become synonymous with the family’s conglomerate—a Prague-based entity spanning telecommunications, media, financial services, and e-commerce, employing 61,000 individuals across 25 countries.   In the region, PPF stands out as

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Hong Kong to Increase Bank Deposit Protection to HK$800,000

Hong Kong is set to increase its bank deposit protection guarantee to HK$800,000 ($102,000), effective as early as the fourth quarter of this year, aimed at providing a stronger financial buffer during times of economic strain. During a briefing on Tuesday, the Hong Kong Deposit Protection Board announced the adjustment, which will raise the current

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Meta’s $197 Billion Surge Represents the Largest in Stock Market History

Meta Platforms Inc. has emerged as Wall Street’s prime example of a comeback success story. Just a couple of years ago, the owner of Facebook experienced the most significant market value decline in stock market history. However, the company has made substantial progress since then. On Thursday, Meta astounded shareholders with yet another remarkable quarterly

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Hot Miami Properties Get $1 Billion Bet From Brazilian Financier

For the past three decades, billionaire Daniel Dantas has steadily expanded his wealth through the Opportunity firm, which he co-founded in Brazil. Now, Opportunity is venturing directly into US real estate investment for the first time. Opportunity manages approximately 58 billion reais ($11.5 billion) in assets, ranging from rural land holdings to port operators to

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Mexico Emerges: The United States’ Largest Trading Partner Shifts Away from China

The emerging Cold War presents Mexico with a significant business opportunity, positioning it favorably among nations to capitalize on shifting global trade dynamics. With US-China tensions reshaping international trade, the US is actively seeking to reduce its supply-chain dependency on geopolitical adversaries while sourcing imports closer to home. Mexico aligns with both objectives, leading to

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$560 Billion Property Alert Sends Ripples Through Banks from New York to Tokyo

The commercial real estate landscape in the United States has been grappling with significant challenges since the onset of the Covid-19 pandemic. New York Community Bancorp and Japan’s Aozora Bank Ltd. have recently emphasized that certain lenders are just beginning to feel the impact of these difficulties. New York Community Bancorp’s decision to cut its

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Trump’s Potential VP Selections: A Look at His Top Choices and Mentioned Candidates

TOP STORY As Former President Donald Trump advances towards securing the GOP presidential nomination, potential vice-presidential running mates are emerging from allies who have stood by him in recent campaign events. The contenders include Rep. Elise Stefanik, Sen. J.D. Vance, Gov. Kristi Noem, Kari Lake, Sen. Lindsey Graham, former Gov. Henry McMaster, Gov. Sarah Huckabee

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Nikki Haley Seeks Secret Service Protection Amid Rising Threats, Report Reveals

Former South Carolina Governor Nikki Haley has requested Secret Service protection due to an escalation in threats, as she continues to be the sole Republican presidential primary challenger to former President Donald Trump. In an interview with the Wall Street Journal on Monday, Haley revealed that her team had submitted a federal request for Secret

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