25 Jan 2026

Mazagon Dock Shipbuilders Limited (MDL) has acquired a 41.73 per cent stake in Sri Lanka's Colombo Dockyard PLC (CDPLC) through the allotment of 16.49 crore unsubscribed rights shares previously held by Japan's Onomichi Dockyard. This is the first phase of a planned USD 52.96 million investment aimed at reviving Sri Lanka's largest shipbuilding and repair facility. The deal includes a mandatory offer for additional shares under Sri Lanka's takeover rules. The partnership is expected to enhance technical capabilities, integrate supply chains, and expand regional and global shipbuilding and repair opportunities.Read more

25 Jan 2026

Logistea AB has expanded its logistics real estate portfolio with the acquisition of two fully leased properties in the Swedish cities of Trollhattan and Växjö for a combined value of SEK 303 million. The assets, Tunnan 1 and Krysspricken 2, offer a total lettable area of 33,488 sq m and generate annual rental income of SEK 21.7 million, providing stable and immediate cash flows. The deal will be financed through a mix of bank loans and internal funds, with completion expected on February 11, 2026. The acquisition supports Logistea's strategy of investing in income-generating logistics and warehouse assets in strong regional markets with steady tenant demand.Read more

25 Jan 2026

Knowledge Economic City Company has signed a SAR 32.5 million contract with Astra Construction Company for mechanical, electrical, and plumbing works related to the Riyadh Schools Complex. The agreement covers MEP works for buildings within the education project and forms part of the ongoing development activity undertaken by the company. The contract details were disclosed without any indication of unusual terms or financial risks. The development aligns with the company's past focus on delivering infrastructure and institutional projects through phased execution.Read more

24 Jan 2026

Unimech Aerospace and Manufacturing Ltd, based in Bengaluru, has partnered with Yusuf Bin Ahmed Kanoo Company Ltd (YBA Kanoo) to form a joint venture in Dammam, Saudi Arabia. The new entity, YBAK Unimech Advanced Manufacturing Solutions, will see Unimech hold 51 percent and YBA Kanoo 49 percent. With a phased investment of around USD 30 million, the facility will provide advanced CNC machining and API compliant remanufacturing services for the local oil and gas sector. The venture is projected to generate USD 80 million in cumulative revenue over five years and supports Saudi Arabia's industrial localisation objectives.Read more

24 Jan 2026

Oscar-winning actor Nicole Kidman has sold one of her luxury Sydney apartments a harbourfront residence with panoramic views of the Sydney Harbour Bridge and Opera House for approximately USD 8.5 million (around INR ~70 crore), marking a profitable exit just two years after purchase. The 15th-floor three-bedroom unit in the prestigious Latitude building at Milsons Point was reportedly bought in 2023 for about USD 7.725 million, netting the actor a healthy gain on investment. Kidman owns multiple properties in the same tower and has been gradually reshaping her global real estate portfolio following the finalisation of her divorce from musician Keith Urban. The buyer is understood to be winemaker David Madson, and though details of future plans for the property aren't public, the sale attracted attention for its premium pricing in Sydney's high-end residential market.Read more

24 Jan 2026

China Vanke has secured strong creditor approval for its revised bond repayment proposal, easing concerns of an immediate default. Bondholders agreed to defer repayment of a 1.1 billion yuan onshore bond after the developer offered an upfront payment and additional collateral. The move comes as Vanke continues negotiations on other maturing bonds worth 5.7 billion yuan. While the agreement has improved short-term liquidity and lifted bond prices, the developer still faces sizeable debt obligations over the coming months amid a prolonged slowdown in China's property sector.Read more

24 Jan 2026

Dubai is poised to become one of the first global cities to introduce commercial air taxi services, with operations expected to begin by the end of this year, marking a significant milestone in urban mobility innovation. The Roads and Transport Authority (RTA) has partnered with Joby Aviation, a U.S. developer of electric vertical take-off and landing (eVTOL) aircraft, to roll out electric air taxis designed for intra-city and short-distance travel. These aircraft are capable of flying up to 160 kilometres at speeds nearing 320 km/h and produce zero operating emissions, offering an eco-friendly alternative to ground transport. The initiative aims to enhance connectivity, ease road congestion and integrate aerial mobility into Dubai's transport network, subject to regulatory approvals and operational safety clearances.Read more

23 Jan 2026

China's rural banks are facing mounting stress as they struggle to sell a growing stock of foreclosed properties, even after offering discounts of 20-30% below prevailing market prices. According to a Reuters review of listings on JD.com's asset auction platform, banks in several less-developed provinces saw a sharp rise in seized residential and commercial assets during 2025, reflecting deepening strains from the prolonged property downturn. Judicial auction failures in earlier years have left lenders holding illiquid assets, while falling home prices have eroded collateral values. Analysts warn that the problem is likely to intensify as small business loans issued during the COVID period mature and refinancing remains difficult. UBS estimates foreclosed properties could rise sharply by 2027, raising concerns over capital adequacy, asset quality and the sustainability of distressed asset disposal across China's banking system.Read more

23 Jan 2026

U.S. investors are warning that President Donald Trump's executive order restricting Wall Street firms from buying single-family homes may push house prices higher rather than improve affordability. While the move aims to reduce competition from large investors, market participants argue that the core issue remains limited housing supply. Measures such as encouraging sales to individuals and potentially allowing 401(k) funds for down payments could boost demand without addressing supply constraints. Although home price growth has slowed recently, investors fear the policy may worsen long-term affordability challenges.Read more

23 Jan 2026

ITC Properties Group Ltd has suspended trading of its shares on the Hong Kong Stock Exchange, effective from 9:00 a.m. this week, pending the release of material, non-public information. The stock, listed under code 0199.HK, is subject to regulatory procedures that ensure all investors have simultaneous access to important updates. Such trading halts are commonly used by companies to provide strategic or financial disclosures without causing sudden market fluctuations. Investors are now awaiting the announcement to understand its potential effects on the company's operations and share value.Read more