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NEWS DESK

Lineage Announces Closing of Initial Public Offering

Lineage, Inc. (the “Company”) (Nasdaq: LINE) today announced the closing of its underwritten initial public offering of 56,882,051 shares of its common stock at a public offering price of $78.00 per share. The net proceeds from the offering were approximately $4.2 billion, after deducting underwriting discounts and commissions and estimated expenses payable by the Company.
NEWS DESK

Ghitha Delivers Impressive 18% Revenue Growth

Ghitha Holding PJSC (ADX: Ghitha), the Abu Dhabi-headquartered conglomerate spanning Dairy, Poultry, Vegetable Oil, Seafood, Agriculture, Retail, and Distribution, and a subsidiary of International Holding Company (ADX: IHC), has reported a robust AED 2.45 billion in revenue for H1 2024, marking an impressive 18% year-over-year growth. This milestone underscores Ghitha’s
Tech

AI boom spurs growth in global cloud infrastructure sector

Amazon and Microsoft in the clear lead Despite not reaching the peaks driven by Covid-19, the global cloud infrastructure sector has evolved into a formidable industry, spurred once again by the surge in artificial intelligence (AI) technology. Amazon’s dominance through its Amazon Web Services (AWS) remains significant, although Microsoft’s Azure is
NEWS DESK

MNT-Halan Expands Into Turkey With the 100% Acquisition of Market-leading Finance Company Tam Finans

MNT-Halan, Egypt’s largest non-bank financial institution and fintech, has acquired Tam Finans, a leading commercial finance company in Turkey with a loan book exceeding US $300 million, from Actera Group, the country’s leading private equity firm, and the European Bank for Reconstruction and Development (EBRD). Terms of the transaction were not disclosed. The market