Heard of someone who got mad because she got money on Valentine’s Day? If you haven’t, then here’s one rich Dubai housewife who, after receiving a £16,000 gift from her boyfriend, got furious and …
Saudi wealth fund becomes biggest outside Nintendo investor
A Saudi sovereign wealth fund now holds 8.26% of the stock in the video game maker Nintendo, making it the largest outside investor in the Japanese gaming company, a company filing said Friday.
Dubai leads in Islamic finance with new Shariah hedge fund index
today announced the Dubai Shariah Hedge Fund Index, the first internationally-recognised index comprised exclusively of Shariah compliant hedge funds. The Dubai Shariah Hedge Fund Index will be …
UAE: Gross Takaful written subscriptions reaches Dh4.35 billion in 2021
In 2021, the gross subscriptions written by all Takaful insurance companies operating in the UAE totalled Dh4.35 billion, a UAE Central Bank report showed on Friday. This represents a growth rate of 0 …
UAE’s Edge buys majority stake in Gradeone to expand its portfolio
In June 2022, the UAE Ministry of Industry and Advanced Technology, the Emirates Development Bank and Edge Group signed an agreement to boost manufacturing in the defence sector. Under the agreement, …
Finance Minister expresses desire to cement Pak-UAE economic ties
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 …
India’s exports to UAE may cross USD 31 billion this fiscal
The country’s exports to the UAE, with which India has implemented a free trade agreement on May 1 last year, is expected to cross USD 31 billion during the current fiscal on account of healthy demand …
Lebanon’s finance minister says difficult to replace cbank head Salameh
Lebanese Finance Minister Youssef Khalil said replacing central bank governor Riad Salameh, who has held the job for three decades, would be difficult and that his term may be extended though no …
UAE: Gross subscriptions reach $1.18bln for Takaful insurance in 2021
The Central Bank of the UAE (CBUAE) has released a comprehensive report on the Takaful insurance sector in the UAE, with the aim of developing this critical industry and enhancing the country’s …
Abu Dhabi to Sell 4% of Natural-Gas Business in IPO
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..