The Saudi Arabian Public Investment Fund (PIF) has established the Neo Space Group (NSG), a wholly owned PIF company whose mission will be to become a national champion in the Saudi satellite and space sector.
Kyrgyzstan will need to spend 8 billion dollars on the China-Kyrgyzstan-Uzbekistan (CKU) rail line. Funding is the main obstacle to the construction of the route. Kyrgyzstan has not yet been able to find enough money to complete its part of the route. Akylbek Zhaparov, the head of the Kyrgyz cabinet of ministers, provided an update…
Turkish technology and communications company Turkcell has secured US$150 million in Murabaha financing from Dubai Islamic Bank, a prominent bank in the Gulf region.