News

Italian retailer Gruppo Selex has said that it is targeting a turnover of €20.4 billion in its 2024 financial year, representing a 4.5% increase, following what it described as a ‘positive and dynamic’ 2023. In its 2023 financial year, the group reported a 9.3% increase in sales, with turnover of €19.9 billion. The group said that its performance […]

A group of infrastructure investors around Europe are working on the sale of their stakes in European airports, leveraging on the recovery of travel in the wake of the COVID-19 pandemic, according to bankers, investors and industry sources. Among the largest of the airports that may see a change of ownership as soon as 2024 […]

Ermenegildo Zegna NV, Italy’s only fashion house with a New York listing, is looking to the Tom Ford brand to help supercharge expansion in the luxury business. Tom Ford International, the fashion division that Zegna Group bought after selling other parts of the company to Estée Lauder Co., “could become one of the ten most […]

Italy signed the pact in 2019 expecting a big boost to exports but hoped-for economic gains have not materialised. Italy has formally withdrawn from China’s global Belt and Road initiative that seeks to deepen relations with foreign countries through infrastructure investments, Italian media reported on Wednesday. Italian Premier Giorgia Meloni had previously signalled Italy’s intention […]

Car manufacturer Stellantis on Wednesday confirmed its commitment to reach a production level of one million cars and commercial vehicles per year in Italy under its Dare Forward 2030 strategic plan.    In a statement released after a meeting at the business and Made in Italy ministry the group reaffirmed “the centrality of Italy” in its […]

Bank of Sharjah acted as a joint lead manager and bookrunner in a $350 million Sukuk issuance for UAE-based Ittihad International Investment LLC, according to a press release. The listed lender participated in the 144A/Reg S senior unsecured sukuk transaction alongside other international and regional banks. Mohamed Khadiri, CEO of Bank of Sharjah, commented: “Our […]

We are proud to have contributed to the organization of the event ‘Libya and Italy, growing together’, held on December 6 in Rome. This important meeting was organized by the Italo-Libyan Chamber of Commerce in collaboration with Confindustria Assafrica & Mediterraneo, Unioncamere – Italian Union of Chambers of Commerce, Industry, Craftsmanship, and Agriculture, the Joint […]

GDP is expected to grow by 0.7 percent in both 2023 and 2024, slowing from 2022. Istat notes this in its Outlook Note for the economy. In the two-year forecast period, GDP growth would be supported by the contribution of domestic demand net of inventories (+0.8 percentage points in 2023 and +0.7 in 2024) compared […]

Siad continues on its path on sustainability with a new alliance with A2A. The industrial and medical gases company has a strong orientation toward sustainable development, and that is precisely why it decided to sign an agreement, called the Power Purchase Agreement (PPA), with the energy group to concretize a new piece. Under the agreement, […]

Jabal Omar Development Company has fully redeemed its Sukuk at an aggregated value of $135 million, according to a bourse disclosure. The listed firm pointed out that the value of the redeemed Sukuk reached $67.50 million, adding that the percentage of the transaction hit 50%. Issued on 15 November 2018, a total of 337.50 Sukuk […]