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Kaspi.kz has signed a share purchase agreement to acquire Rabobank Group's Turkish subsidiary, Rabobank A.Ş., which is a fully licensed bank in Turkiye without clients or a branch network. The transaction awaits regulatory approvals and customary closing conditions. Kaspi.kz aims to enhance lives through innovative mobile products and operates a dual Super App model for consumers and merchants, driving strong growth and profitability.
Global renewable energy capacity surged by 585 GW in 2024, marking a record growth rate of 15.1%, yet still falling short of the 11.2 terawatts needed by 2030. Solar and wind dominated the expansion, with solar capacity alone increasing by 32.2%, driven primarily by China and India.IRENA emphasized the urgency for annual additions exceeding 1,120 GW to meet climate goals, while UN Secretary-General Antonio Guterres highlighted the economic and environmental benefits of this transition.
BYD aims to boost its overseas electric vehicle sales to over 800,000 units by 2025, as stated by chairman Wang Chuanfu. To mitigate tariff issues, the company plans to assemble vehicles locally while sourcing key components from China and is expanding into markets like Latin America, Southeast Asia, and Britain. Factories are being established in Brazil, Thailand, Hungary, and Turkey, but BYD will not enter the US or Canada due to tariffs.
Dubai's Code & State has raised $3 million to advance stablecoin technology, aiming to incubate startups that address challenges in payments and compliance. With a projected market cap growth to $1.5 trillion in five years, the venture studio emphasizes founder equity and support for innovators in the stablecoin space.
Hermès International is appointing BNP Paribas CEO Jean-Laurent Bonnafé and former French spy chief Bernard Emié to its board, replacing Dominique Senequier and Alexandre Viros, respectively. The changes will be voted on at the shareholders' meeting on April 30 in Paris. Bonnafé and Cécile Béliot-Zind, CEO of Bel Group, will serve three-year terms, while Emié's term will last two years.
Warner Bros. Discovery is investing $57 million to acquire a minority stake in Dubai-based OSN Streaming Ltd., enhancing its regional presence and local content production. This partnership builds on existing collaborations, including an exclusive licensing deal for HBO content since 2022. With a young, tech-savvy population and rising disposable incomes, the Middle East is becoming a competitive market for streaming services, where OSN faces challenges from global platforms like Netflix and Amazon.
Bank of America has revised Türkiye's inflation forecast upward to 28.1%, citing political turmoil, and raised its year-end policy interest rate projection to 32.5%. The bank also shifted its outlook for the Central Bank of the Republic of Türkiye, now expecting rates to remain steady instead of a cut. Despite recent challenges, analysts believe political uncertainty may ease, with a commitment to restoring stability and reducing inflation.
Turkey's Finance Minister Simsek and the central bank governor are set to engage in a call with international investors. This meeting aims to address economic concerns and foster investor confidence amid ongoing financial developments in the country.
FERASET, an Istanbul-based developer of AI-powered consumer applications, has raised $4.5 million in seed funding from Play Ventures and e2vc. The investment will enhance team expansion, accelerate new AI application development, and boost marketing efforts, building on the company's success of over 2 million monthly downloads. Co-founder & CEO H. Burak Demir emphasizes the potential of AI consumer apps, positioning FERASET as a leader in this evolving market.
Warner Bros. Discovery is investing $57 million for a 30% stake in Dubai-based OSN Streaming Limited, aiming to enhance its presence in the Middle Eastern entertainment market. The partnership will focus on producing high-quality local content and expanding OSN's reach globally. This investment aligns with WBD's strategy to grow its streaming services, targeting 150 million global subscribers by 2026.
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Kaspi.kz to acquire Rabobank's Turkish subsidiary in strategic expansion move
12:17 27.03.2025
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warner bros discovery invests 57 million in osn streaming for growth
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