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ONGC commits INR 1000 billion to expand deepwater oil and gas exploration
Energy & Power

ONGC commits INR 1000 billion to expand deepwater oil and gas exploration

Oil and Natural Gas Corporation plans to invest INR 1000 billion over the next five years in offshore deepwater exploration, targeting 87 new wells to counter domestic production declines and support national energy security objectives.

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Infrastructure News

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BACA invites proposals for spatial design consultancy along the pearling path in Bahrain
CONSULTANCY & ADVISORY

BACA invites proposals for spatial design consultancy along the pearling path in Bahrain

The Bahrain Authority for Culture and Antiquities has launched a public tender seeking qualified spatial design consultants to coordinate and execute key cultural spaces along the UNESCO-listed Pearling Path ahead of the Muharraq Nights 2026 festival.

MMRDA proposes integrated ring road network to decongest Mumbai Metropolitan Region
ROADS & HIGHWAYS

MMRDA proposes integrated ring road network to decongest Mumbai Metropolitan Region

The Mumbai Metropolitan Region Development Authority is advancing a strategy to integrate existing and upcoming infrastructure into two new ring roads spanning 307 kilometers. Targeted for completion by 2029, this access-controlled network aims to streamline regional connectivity, enhance freight movement, and decongest internal city transit corridors.

Defence

Global Defence News

Army

Tata Advanced Systems and the Javelin Joint Venture have executed a memorandum of understanding to co-produce Javelin anti-tank missiles in India. The partnership establishes a framework for local final assembly and integration, aiming to bolster regional defense manufacturing capabilities and optimize global supply chain resilience for the Indo-Pacific region.

Finance & Banking News

FINANCIAL SERVICES

Vanguard strengthens advisory footprint through strategic agreement for Altruist

Vanguard has entered into a definitive transaction to acquire wealth tech platform Altruist. Operating independently post-closing, the entity aims to scale AI-driven custody and management technology across registered investment advisors, driving operational efficiency and broadening access to scalable financial planning services.

MERGERS & ACQUISITIONS

ANV Group Holdings to acquire Car Care Plan from AmTrust Financial Services

Global insurance intermediary platform ANV Group Holdings has signed a definitive agreement to acquire motor warranty provider and MGA Car Care Plan, alongside Dent Wizard Ventures, from AmTrust Financial Services. The transaction, slated to close in September 2026, includes international subsidiaries and preserves AmTrust as the long-term underwriting capacity provider.

Resources

Global Energy & Power News

ONGC commits INR 1000 billion to expand deepwater oil and gas exploration
EXCLUSIVE

ONGC commits INR 1000 billion to expand deepwater oil and gas exploration

RENEWABLE ENERGY

Oil India unit expands green portfolio via municipal waste-to-energy projects in Haryana

OIL Green Energy Limited has partnered with four municipal corporations in Haryana to establish integrated waste-to-energy and compressed biogas facilities. Processing 5,000 tonnes of municipal waste daily, the projects mark a significant expansion in low-carbon energy infrastructure.

Energy & Power

Arabian Drilling secures SAR 3 billion land rig contract from SLB in Saudi Arabia

Arabian Drilling has signed a SAR 3 billion five-year contract extension with SLB to operate 11 land rigs for Gas LSTK operations in Saudi Arabia, strengthening its operational backlog and long-term revenue visibility.

Arabian Drilling secures SAR 3 billion land rig contract from SLB in Saudi Arabia

Technology & AI

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U.S. tech firm targets African digital expansion with dual-facility project in Douala

U.S. tech firm targets African digital expansion with dual-facility project in Douala

Cybastion is investing $75 million toward a combined AI-focused data center and dedicated power facility in Cameroon. Revealed during a bilateral commercial dialogue, the project aims to resolve localized energy gaps while expanding computing capacity across Central Africa.

Nvidia secures major stake in MediaTek via convertible bond issuance

Nvidia secures major stake in MediaTek via convertible bond issuance

Nvidia is acquiring a $3.5 billion stake in MediaTek through a convertible bond deal, cementing a strategic partnership aimed at expanding custom artificial intelligence silicon across cloud datacenters, personal computing and next-generation automotive electronics.

OHB wins nearly €1 billion SES order for 18 satellites in Europe’s IRIS² programme

OHB wins nearly €1 billion SES order for 18 satellites in Europe’s IRIS² programme

OHB has secured a nearly €1 billion contract from SES to develop and manufacture 18 MEO satellite platforms for the EU’s IRIS² secure connectivity programme. The award marks the first major contract under the concession and advances Europe’s planned sovereign satellite communications infrastructure ahead of launches targeted from 2029.

Anmat Technology secures SAR 51 million contract award from Nazaha

Anmat Technology secures SAR 51 million contract award from Nazaha

Anmat Technology for Trading Company has been awarded a SAR 51 million contract by Saudi Arabia's Oversight and Anti-Corruption Authority (Nazaha). The project entails delivering specialized works and services in accordance with official tender specifications, with contract signing expected by late September 2026.

Transportation News

QATAR

Integrated Holding Company joint venture secures QAR 619 million logistics contract from QAPCO

Qatar Petrochemical Company (QAPCO) has awarded a ten-year logistics and supply chain service contract worth QAR 619 million to a joint venture comprising Integrated Logistics Company Qatar and De Rijke Europe B.V.

NORWAY

AQS Rederi expands electric vessel programme to six ships for Norwegian aquaculture

AQS Rederi has ordered four additional electric service vessels from Salthammer Båtbyggeri, taking its programme to six Coastern 28eH vessels. The ships will support Norway’s aquaculture industry along the coastline, with the new units scheduled for delivery in 2027 and 2028 and steel supplied by Tibnor from SSAB.

INDIA

MMRDA proposes integrated ring road network to decongest Mumbai Metropolitan Region

The Mumbai Metropolitan Region Development Authority is advancing a strategy to integrate existing and upcoming infrastructure into two new ring roads spanning 307 kilometers. Targeted for completion by 2029, this access-controlled network aims to streamline regional connectivity, enhance freight movement, and decongest internal city transit corridors.

INDIA

Tamil Nadu advances INR 9.47 billion highway expansion project to alleviate regional traffic bottlenecks

Tamil Nadu has announced an INR 9.47 billion highway four-laning project on National Highway 75 and initiated Detailed Project Reports for 182 infrastructure requests, targeting improved freight connectivity and road safety across key industrial corridors.

INDIA; JAPAN

Japanese trading firm expands Indian clean energy footprint through bulk chemical port terminal investment

ITOCHU Corporation has secured an equity stake in Aegis Terminal (Pipavav) Ltd., partnering with Aegis Vopak Terminals to operate India's first independent bulk ammonia handling and storage infrastructure in Gujarat.

DENMARK

ComfortDelGro joint venture secures DKK 17 billion Copenhagen Metro contract

Metroselskabet has selected KBH Metro Partner, a joint venture between ComfortDelGro and RATP Dev, to operate and maintain the Copenhagen Metro. Valued at DKK 17 billion, the 12-year contract covers four lines spanning 43 km and begins operations in September 2027.

SAUDI ARABIA

SAPTCO signs SAR 470.2 million school transport contract in Jubail Industrial City

Saudi Public Transport Company (SAPTCO) has signed a five-year school transport services contract worth SAR 470.2 million with the Royal Commission for Jubail and Yanbu. The project covers transport services in Jubail Industrial City, with financial revenue impact expected from Q3 2026.

PHILIPPINES

Philippine port giant expands African presence through full ownership purchase of TLG Holdings

International Container Terminal Services, Inc. has entered into a definitive agreement to purchase 100% of African port operator TLG Acquisition Holdings, expanding its logistical and cargo handling footprint across key trade corridors in Mozambique, Namibia, and South Africa.

SAUDI ARABIA

RSNF issue prequalification notice for military port development project contract

The Royal Saudi Naval Forces (RSNF) has issued a prequalification tender for the Ras Mashaab Military Port Development Project in Saudi Arabia. The scope of work encompasses comprehensive works for port development, supporting the Kingdom's ongoing efforts to enhance maritime security and military defense infrastructure.

INDIA

RVNL targets 2029 completion for ₹370 billion Rishikesh-Karnaprayag rail line in India

State-owned Rail Vikas Nigam Limited has achieved 78 percent progress on the 125-kilometer Rishikesh-Karnaprayag railway line in Uttarakhand, targeting completion by December 2029. The ₹370 billion project features extensive mountain tunneling to link remote Himalayan districts, strengthening regional strategic logistics, pilgrimage tourism, and freight connectivity.

INDIA

India advances INR 10.47 billion infrastructure project to ease logistics bottlenecks in Tamil Nadu

National Highways authority has finalized the acquisition of 123 hectares for the INR 10.47 billion Greenfield Vellore Town Bypass Road. The project aims to divert heavy commercial transit traffic, significantly cutting transit times across key regional freight corridors in southern India.

CAMEROON

US and Cameroon target $7 billion commercial expansion in critical sectors

The United States and Cameroon have identified $7 billion in bilateral trade and investment opportunities across energy, critical minerals, technology and infrastructure during their inaugural economic dialogue, signposting deeper commercial engagement in Central Africa.

UNITED STATES OF AMERICA

Apollo acquires stake in Atlantic Aviation under $10 billion platform valuation

Apollo Funds has secured a major stake in private aviation infrastructure provider Atlantic Aviation, joining existing owner KKR in a joint ownership structure. The deal values the fixed-base operator platform at nearly $10 billion, signaling robust investor confidence in private general aviation infrastructure.

OMAN

Asyad Group invites tenders for consultancy services for corporate development & port projects support in Oman

Oman's flagship logistics provider Asyad Group has issued an international tender seeking consultancy services for corporate development and port projects support. The procurement covers civil engineering, project management, financial advisory, and human resources consultancy to advance the group's maritime infrastructure.

SINGAPORE

SIAEC expands Chinese MRO presence via joint venture stake completion in Fujian

SIA Engineering Company has completed the acquisition of a 30% equity stake in Arport Aircraft Maintenance & Engineering (Fujian) Co., Ltd. The strategic transaction establishes a joint venture with Xiamen Iport Group to capture growing commercial aviation maintenance demand across East China.

SWEDEN

Terranor Group subsidiary secures SEK 150-200 million framework agreement from Trafikverket for Swedish road infrastructure works

Terranor AB, a subsidiary of Terranor Group AB, has secured a three-year framework agreement valued between SEK 150 million and SEK 200 million from Trafikverket. The contract covers minor road construction and civil engineering works across key Swedish regions, with an optional one-year extension.

FINLAND

YIT secures EUR 30m contract for Oulu Passenger Rail Yard project in Finland

Finnish construction group YIT has secured a fixed-price all-in contract worth approximately EUR 30 million from the Finnish Transport Infrastructure Agency for the modernization and expansion of the Oulu Passenger Rail Yard.

UNITED ARAB EMIRATES; UNITED STATES OF AMERICA

Mass transit tech provider Swvl secures $13M funding to drive expansion into the United States

Dubai-based mobility platform Swvl has secured a $13 million private placement led by Coefficient LP to support its expansion in the U.S. market, strengthen its balance sheet and launch financial offerings for transit operators.

SINGAPORE

Singapore defense deal signals shift toward domestic prime contractors in naval shipbuilding

Singapore's defense ministry has selected homegrown vessel builder Penguin International to design and construct two naval landing craft. The contract marks the shipbuilder's transition to prime contractor status for defense platforms, highlighting regional supply chain localization.

CHINA

Pony AI enters into $16 million framework agreements with Sinotrans subsidiaries for international vehicle logistics

Pony AI Inc. has entered into three framework agreements with subsidiaries and associates of Sinotrans to secure comprehensive overseas logistics, freight forwarding, and customs clearance services. The agreements support Pony AI’s international expansion, including the deployment of thousands of Robotaxis across global markets.

Regional Desks

Industry & Manufacturing News

India

Maruti Suzuki expands medium-term capital investment strategy to INR 775 billion to drive decarbonization and capacity growth

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Canada

Paladin advances Saskatchewan uranium project with Indigenous benefits agreement

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India; Mongolia; Brazil; United States of America

August 2026 Global Roundup: Top 10 Major Government-backed Investments announced in August

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Canada

Inventus Mining acquires Golden Rose Mine to expand Ontario gold footprint

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Chile; Canada

Sumitomo Corporation expands Latin American mining assets via strategic stake in Tintina Mines

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United States of America

TCNA secures USD 21.16 million soda ash customer contract acquisition from Searles Valley Minerals Inc.

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Canada

Agnico Eagle expands nickel equity stake through strategic Avenir Minerals transaction

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United States of America

Department of War secures strategic equity stake in Alaska copper venture

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Cameroon

US and Cameroon target $7 billion commercial expansion in critical sectors

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India; Japan

Daikin expands Indian manufacturing footprint with INR 28 billion investment focus on data centers and research

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Sweden

Smart Eye secures SEK 15 million DMS contract for European electric sports car

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Argentina

Worley secures bridging engineering contract for AbraSilver Diablillos project in Argentina

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India

Hero MotoCorp expands footprint in EV sector through INR 17.58 billion investment in Ather Energy

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Argentina

McEwen Copper secures US$240 million debt financing for flagship Argentine copper asset

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Sweden

Boliden secures majority stake in Nexa Resources to expand Latin American mining operations

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Malaysia

MCE Holdings secures MYR 54.28 million PERODUA contract to supply automotive components

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India; Sweden

Alleima expands manufacturing capacity in Mehsana to target regional energy demand

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Bolivia

Bolivian authorities grant 30 year mining rights to New Pacific Metals for Carangas site

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Brazil; Peru; Sweden

Boliden acquires controlling interest in Nexa Resources for USD 1.3 billion to accelerate Latin American zinc and silver market expansion

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India; Korea (South)

Gabriel India acquires stake in HL Klemove India for $98.44 million to launch ADAS joint venture

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Projects

ONGC commits INR 1000 billion to expand deepwater oil and gas exploration
Energy & Power

ONGC commits INR 1000 billion to expand deepwater oil and gas exploration

Oil and Natural Gas Corporation plans to invest INR 1000 billion over the next five years in offshore deepwater exploration, targeting 87 new wells to counter domestic production declines and support national energy security objectives.

Read News →
U.S. tech firm targets African digital expansion with dual-facility project in Douala
Technology

U.S. tech firm targets African digital expansion with dual-facility project in Douala

Cybastion is investing $75 million toward a combined AI-focused data center and dedicated power facility in Cameroon. Revealed during a bilateral commercial dialogue, the project aims to resolve localized energy gaps while expanding computing capacity across Central Africa.

Read News →
OHB wins nearly €1 billion SES order for 18 satellites in Europe’s IRIS² programme
Technology

OHB wins nearly €1 billion SES order for 18 satellites in Europe’s IRIS² programme

OHB has secured a nearly €1 billion contract from SES to develop and manufacture 18 MEO satellite platforms for the EU’s IRIS² secure connectivity programme. The award marks the first major contract under the concession and advances Europe’s planned sovereign satellite communications infrastructure ahead of launches targeted from 2029.

Read News →
Paladin advances Saskatchewan uranium project with Indigenous benefits agreement
Industry & Manufacturing

Paladin advances Saskatchewan uranium project with Indigenous benefits agreement

Paladin Energy’s Canadian subsidiary has reached a long-term Mutual Benefits Agreement with the Birch Narrows Dene Nation for the Patterson Lake South uranium project in Saskatchewan. The agreement establishes benefit-sharing and engagement arrangements while confirming community support as the project moves through permitting and licensing.

Read News →
MMRDA proposes integrated ring road network to decongest Mumbai Metropolitan Region
Transportation

MMRDA proposes integrated ring road network to decongest Mumbai Metropolitan Region

The Mumbai Metropolitan Region Development Authority is advancing a strategy to integrate existing and upcoming infrastructure into two new ring roads spanning 307 kilometers. Targeted for completion by 2029, this access-controlled network aims to streamline regional connectivity, enhance freight movement, and decongest internal city transit corridors.

Read News →
Tamil Nadu advances INR 9.47 billion highway expansion project to alleviate regional traffic bottlenecks
Infrastructure

Tamil Nadu advances INR 9.47 billion highway expansion project to alleviate regional traffic bottlenecks

Tamil Nadu has announced an INR 9.47 billion highway four-laning project on National Highway 75 and initiated Detailed Project Reports for 182 infrastructure requests, targeting improved freight connectivity and road safety across key industrial corridors.

Read News →
Arabian Drilling secures SAR 3 billion land rig contract from SLB in Saudi Arabia
Energy & Power

Arabian Drilling secures SAR 3 billion land rig contract from SLB in Saudi Arabia

Arabian Drilling has signed a SAR 3 billion five-year contract extension with SLB to operate 11 land rigs for Gas LSTK operations in Saudi Arabia, strengthening its operational backlog and long-term revenue visibility.

Read News →
Anmat Technology secures SAR 51 million contract award from Nazaha
Technology

Anmat Technology secures SAR 51 million contract award from Nazaha

Anmat Technology for Trading Company has been awarded a SAR 51 million contract by Saudi Arabia's Oversight and Anti-Corruption Authority (Nazaha). The project entails delivering specialized works and services in accordance with official tender specifications, with contract signing expected by late September 2026.

Read News →
Tata Power Renewable Energy hits key milestone with new Tamil Nadu solar commissioning
Energy & Power

Tata Power Renewable Energy hits key milestone with new Tamil Nadu solar commissioning

Tata Power Renewable Energy Limited (TPREL) has operationalized a 100 MW group captive solar installation in Tamil Nadu, taking its active utility capacity past 7 GW and strengthening captive renewable power supply across Tata Group units.

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Vietnam advances natural gas capacity as Thai Binh project secures technical advisory partner
Business & Corporate

Vietnam advances natural gas capacity as Thai Binh project secures technical advisory partner

Thai Binh LNG Power has appointed Swedish engineering firm AFRY as international technical advisor for its planned offshore and onshore liquefied natural gas (LNG) development in Vietnam. The move supports regional infrastructure expansion to address escalating power generation needs.

Read News →
Just In
2 hours ago ONGC commits INR 1000 billion to expand deepwater oil and gas exploration 2 hours ago U.S. tech firm targets African digital expansion with dual-facility project in Douala 2 hours ago Maruti Suzuki expands medium-term capital investment strategy to INR 775 billion to drive decarbonization and capacity growth 2 hours ago Nvidia secures major stake in MediaTek via convertible bond issuance