The move comes as Middle East energy producers are ramping up plans to supply Europe.
How sanctions complicated day-to-day banking for Russians
Financial sanctions against Russia have strangled its banks’ profits and wrecked many lenders’ international operations, but one year after Moscow sent its troops into Ukraine how much do they matter …
Dubai records over $544mln in realty transactions Thursday
The mortgages included 86 villas and apartments worth AED436.34 million and 15 land plots valued at AED55.18 million, bringing the total realty transactions of today to over AED2 billion. Disclaimer: …
Gulf Listing Rush Resumes as Adnoc Tees Up Record Gas IPO
The United Arab Emirates’ national oil company plans to sell a stake of about 4% in its natural-gas business through what could be one of Abu Dhabi’s biggest initial public offerings ever.
ADNOC to float 4% of its gas business in IPO
DUBAI: ADNOC will sell 4% of it gas business in an initial public offering (IPO), according to a newspaper notice and an emailed statement on Friday. ADNOC Gas’s offering is set to be open from Feb.
Founder of world’s largest hedge fund expects India to have highest global growth
Ray Dalio, the founder of the world’s largest hedge fund Bridgewater Associates, is bullish on India. Speaking at the World Government Summit in Dubai, Dalio said that India will have the highest …
Abu Dhabi’s ADNOC to float 4% of gas business -sources
Abu Dhabi National Oil Company (ADNOC) plans to float 4% of its gas business in an initial public offering, two sources told Reuters on Thursday.
Dubai: Sheikh Hamdan inaugurates world’s largest solar-powered data centre
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, on Thursday inaugurated the green d..
Digital Dubai and Animoca Ventures Kickstart Collaboration With Exclusive Investor Workshop ‘Reports From the Future: Dubai’
Digital Dubai partnered with Animoca Ventures to co-host ‘Reports from the Future : Dubai’, an exclusive, invitation-only event for investors, held on 8 Feb. 2023 at the Digital Dubai Offices in Dubai …
Finance Minister desires to strengthen economic ties with UAE
Finance Minister Ishaq Dar has expressed the desire to strengthen the existing economic ties with the UAE to a next level. Talking to Chief Executive Officer of International Holding Company Syed …
Five financial mistakes to avoid when buying a car in the UAE
Buying a car, both new or used, is a big investment for most people and one that needs careful planning to avoid losing money. Customers need to think about many factors before choosing the right car …
Biotech Venture in the UAE Validated by IPO in the U.S.
NEW YORK, Jan. 17, 2023 /PRNewswire/ — Disruptive platform biotechnology at the center of a Secondcell Bio biotech venture in the United Arab Emirates has been validated by an IPO filing in the …
China beating US in trade war, nations on ‘brink of conflict,’ Ray Dalio says
China’s winning the trade war if you just take the numbers – the percentage of world trade and dominance,” Ray Dalio said.
WGS 2023 in Dubai: Panel discussion on ‘Role of Tax Policy to Drive Global Growth’
The session discussed the role that fiscal policy can play in achieving sustainable development, and was organised on the sidelines of the World Government Summit 2023 (WGS2023).
Wealth resurgence offers opportunities
“We expect to see a similar trend this coming year as more hedge fund managers are opting to relocate to Dubai, given the emirate’s good infrastructure, low taxes, and light regulation.” Due to the …
Dalio Says China’s Winning Trade War With US But Clash Avoidable
Ray Dalio, the founder of hedge fund Bridgewater Associates, said China is coming out on top in the trade war with the US, though the standoff between the world’s two biggest economies likely won’t …
Dubai’s Shuaa Capital more than doubles Q4 profit on ‘strategic transformation’
Shuaa Capital, an investment banking and asset management firm based in Dubai, has reported that its fourth-quarter net profit more than doubled annually amid a continued focus on its “strategic …