Together Mubadala and Abu Dhabi Investment Council will be the world’s 11th largest sovereign wealth fund. The UAE emirate of Abu Dhabi is to combine two of its largest sovereign funds to create a behemoth with estimated assets of nearly $250-B.
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Victimized by fugitive diamantaireSurat Surat man languishing in Dubai jail
Son of an auto consultant Flesh Kanani, who was appointed as an assorter at Eco Diamonds FZE owned by Jatin’s wife Sonal Mehta and his son Suraj in Dubai in 2014, is languishing in the foreign country since last eight months and unable to return.
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Sharjah realty to pick up ahead of Expo 2020
Sharjah’s property market has seen softening slightly in line with the trend in other emirates with prices dropping between 5 to 7 per cent and are expected to increase as Expo 2020 approaches and population grows, industry executives said. “The softening …
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UAE to become world’s first inclusive nation, says Special Olympics chairman
Abu Dhabi: With the nation’s great legacy of its forefathers, moral education and principles of the Special Olympics, the UAE will become the world’s first inclusive nation, Special Olympics chairman Timothy Shriver said on Wednesday. Shriver delivered …
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New research centre will study Dubai fires
Dubai: A new research centre will be created later this year by Dubai Civil Defence to track and isolate weak points in the fire response system in Dubai, said a senior firefighting official on Wednesday. Major-General Rashid Al Matroushi, director of …
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Meet the Locals: Bridging cultural gaps in the UAE
ABU DHABI: Can you name three Emirati dishes or any restaurant that serves authentic local cuisine? If you are still wracking your brain, then you may want to get in touch with Meet the Locals. The brainchild of Emiratis Abdulla Al Matar, 27 and Khadija …
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Sami Yusuf to perform in Sharjah on April 6
Sharjah: British singer Sami Yousuf, who has sold 34 million albums to date, will be performing live at Sharjah’s Al Majaz Amphitheatre on April 6. Tareq Saeed Allay, director of Sharjah Government Media Bureau (SGMB), said: “We are excited to host …
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UAE-India integrated hiring system soon to prevent fraud
a senior UAE official told Gulf News on Wednesday. “Once the system is functional, all employers and recruitment agents can do recruitment [of certain category of workers] only through this system. They cannot do independent recruitment from India …
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Dubai girl gets $75,000 NYUAD scholarship
She is passionate about henna and provides henna design at many events around Dubai. She has designed an eco-friendly company at her school too.” As it turns out, Suman didn’t have to wait too long to hear back from NYUAD. When she got the good news …
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China’s CNPC inks $1.18B deal for stakes in Abu Dhabi oil
DUBAI, United Arab Emirates – China’s state-run national petroleum company has signed a deal worth $1.18 billion for stakes in two oil and natural gas concessions in the United Arab Emirates’ capital of Abu Dhabi. The state-owned Abu Dhabi National Oil …
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Abu Dhabi ruler issues law to merge investment funds
we enhance the country’s competitive position,” he added in comments published by state news agency WAM. Under the new law, the Mubadala Investment Company board of directors will now become the board of directors for the Abu Dhabi Investment Council.
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UAE President orders restructuring of Abu Dhabi Investment Council
Abu Dhabi: President His Highness Shaikh Khalifa Bin Zayed Al Nahyan has issued, in his capacity as the Ruler of Abu Dhabi, a law restructuring Abu Dhabi Investment Council, ADIC, whereby it will become part of the Mubadala Investment Company group.
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Abu Dhabi to Combine Funds to Form SWF Worth $200 Billion
Abu Dhabi Investment Council will become part of Mubadala Investment Co., according to state-run WAM news agency. The council’s incorporation into Mubadala is in line with Abu Dhabi’s efforts to accelerate economic diversification in the United Arab …
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Special Olympics IX MENA Games Athletes Experience The Culture Of Abu Dhabi
Athletes who have been participating in Special Olympics IX MENA Games Abu Dhabi 2018 over the last three days were treated to a Culture Day as part of their visit to the UAE’s capital for the Games. The Local Organizing Committee of the IX MENA Games took …
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UPDATE 1-ADIC to join Mubadala group as wealthy Abu Dhabi consolidates funds
It was not immediately clear whether the ADIC news presaged more mergers or tie-ups for Abu Dhabi funds. The emirate’s biggest sovereign fund, Abu Dhabi Investment Authority, has an estimated $828 billion of assets and is the third biggest in the world.
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First Abu Dhabi Bank : secures Saudi Arabian commercial banking license
First Abu Dhabi Bank (FAB), the UAEs biggest bank by assets, got a licence from the Saudi Arabia Monetary Authority to establish a commercial banking business as foreign banks converge on the kingdom to make deals amid reforms. We are very proud to …
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Noble Group sued by Abu Dhabi-based shareholder
Goldilocks Investment, based in Abu Dhabi, filed a lawsuit Tuesday in the Singapore High … a credit analyst in Singapore at iFast Corp. “It’s not good news for Noble for sure. It remains to be seen how much strength Goldilocks can muster in terms …
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