02 Oct 2025

PsiQuantum has begun construction of a major quantum computing facility in Chicago following a USD 1 billion Series E funding round led by Blue Owl Capital. The site at Illinois Quantum and Microelectronics Park will develop the company's largest intermediate-scale quantum test system, monitored by the Defense Advanced Research Projects Agency. PsiQuantum's photonic-based approach aims to overcome technical bottlenecks faced by competitors. The funding will also support development in Australia and advances in quantum photonic chips, while the project is expected to generate thousands of jobs and attract substantial economic investment.Read more

02 Oct 2025

Fermi, a data center real estate investment trust co-founded by former U.S. Energy Secretary Rick Perry, has increased its U.S. IPO to USD 715 million, selling 32.5 million shares at USD 18-22 each, compared with the previous target of 25 million shares. The increase reflects growing energy infrastructure needs for AI development by companies such as OpenAI and Anthropic. Fermi plans to develop a large energy and data complex powered by nuclear, natural gas, and solar energy. Despite a USD 6.4 million loss since inception, investor interest in AI-related infrastructure remains high.Read more

02 Oct 2025

Activist investor Land & Buildings is reportedly pressing Six Flags to consider selling or spinning off its real estate portfolio, which could be worth up to USD 6 billion. The amusement park operator, with a market capitalization of USD 2.1 billion, recently missed its second-quarter revenue targets and is preparing for a leadership change as CEO Richard Zimmerman plans to exit by year-end. Analysts indicate that monetizing these properties could unlock significant value, improve the company's financial position, and provide flexibility for future growth and operational improvements.Read more

01 Oct 2025

Uganda Development Bank is preparing to raise USD 500 million from international markets to support a four-year strategy aimed at increasing lending across key sectors including mining, energy, manufacturing, agro-processing, tourism, infrastructure, climate change, education, and health. The funds will be raised in tranches, with the first tranche of USD 100-150 million expected next year. UDB is working with Global Sovereign Advisory to choose the right debt instrument, considering options like green bonds or syndicated loans. The initiative reflects the government's focus on expanding UDB's capital and providing long-term, affordable financing to support Uganda's economic growth.Read more

01 Oct 2025

Kuwait is planning to increase its power generation capacity by 14.05 gigawatts (GW) by 2031 to meet rising electricity demand and secure stable supplies. The program includes major projects such as the Al-Zour North power plant phases II and III, the Shagaya renewable energy project, the Khairan power and desalination plant, and the Nuwaiseeb project. The expansion combines conventional and renewable energy sources, using public-private partnerships and international collaborations. These projects are central to Kuwait's strategy to modernize its energy infrastructure and ensure sustainable power for future growth.Read more

01 Oct 2025

Spain's student housing market is drawing strong global investor interest amid a surge in international enrolments and a shortage of purpose-built accommodation. International student numbers have risen 77% in the past decade, with just 117,000 purpose-built beds available for 622,000 students. Demand has sparked record deals, including CPP's €1.2 billion acquisition of Livensa, while U.S. developers Greystar and Hines expand portfolios. Premium housing blocks, charging over €1,000 monthly, cater largely to foreign students and operate under flexible service agreements, making them attractive to investors. While these projects face less backlash than tourist rentals, they underscore affordability challenges for Spanish students.Read more

30 Sep 2025

Ministers from Sri Lanka and the Maldives visited Jakson Group's solar facility in Greater Noida to explore renewable energy collaborations. The visit included a review of the fully automated production lines and TOPCon photovoltaic modules. Discussions focused on technology adoption, project execution, and strengthening supply chains to support Sri Lanka's renewable energy goals and the Maldives' carbon-neutral ambitions. Jakson's investment plans, including a 6 GW integrated solar facility in Madhya Pradesh, demonstrate India's growing role in clean-energy manufacturing. The group has a long-standing presence in energy solutions, serving tens of thousands of clients across India.Read more

30 Sep 2025

Six Flags is facing renewed activist pressure from Land & Buildings, which holds about 2% of the company. The investor wants the theme park operator to either sell or spin off its real estate, estimating the assets could be worth up to USD 6 billion. This call comes after Six Flags posted weaker quarterly results, including revenue of USD 930.4 million, a net loss of around USD 100 million, and a 9% drop in attendance. Alongside these challenges, CEO Richard Zimmerman is preparing to exit by year-end while the company searches for his successor.Read more

30 Sep 2025

Saudi Arabia has imposed a five-year freeze on rent increases for both residential and commercial properties within the urban area of Riyadh, following sharp rises in rental and property prices. The new rules require all lease contracts to be registered via the Ejar platform, fix rents for vacant units at their last registered contract value, and include fines of up to 12 months' rent for violations. Certain exceptions allow landlords to appeal under specific conditions. The reforms align with broader efforts under Vision 2030 to stabilise the real estate market and protect tenant rights.Read more

30 Sep 2025

The Indonesian government has implemented a new policy to subsidize loan interest for small-scale property developers and individual homeowners. This initiative aims to support the construction of affordable housing, addressing the country's significant housing shortage. Developers will receive a 5% interest subsidy on loans for up to five years, while homeowners borrowing up to 500 million rupiah (approximately USD 30,000) will benefit from an interest subsidy ranging from 5.5% to 10%, depending on the loan size. The government has allocated 200 trillion rupiah to state banks to facilitate this program.Read more