Canadian asset manager CI Financial Corp. is selling a 20% stake in its US wealth management unit to a group of investors including Bain Capital and Abu Dhabi Investment Authority.
Abu Dhabi prequalifies bidders for KU students’ hostel project
Abu Dhabi Investment Office (ADIO) has announced that it has prequalified five bidders for a new project linked to the construction of accommodation and associated facilities for 3,250 students of …
Top 3 real estate investment projects in Dubai for 2023
Dubai, UAE – Realiste, the trailblazer in artificial intelligence within the UAE’s real estate sector, has announced the top three investment projects in Dubai for 2023, derived from in-depth analysis …
India’s Go First airline gains bankruptcy protection, lessors’ woes deepen
Ltd was granted bankruptcy protection on Wednesday, bolstering the country’s fourth largest carrier’s chances of getting back on its feet, but lessors have started mounting legal challenges to …
India’s Go First will need to raise funds, resolution professional quoted
Go Airlines (India) will need to raise funds to continue as a going concern, its newly appointed resolution professional informed staff on Thursday, according to a source with direct knowledge of the …
Vodafone says CEO of top shareholder e& to join its board
Vodafone Group on Thursday said the chief executive of its largest shareholder, Emirates telecoms group Etisalat, also known as e&, would join its board as the two companies agreed to deepen their …
Luxury Imports to Russia Take a Detour Around Sanctions — Through Dubai
More than a year into Vladimir Putin’s invasion, the web of global trade has adjusted to Western sanctions, with a network of middlemen sending cars, electronics and more to Russia.
The great crypto migration: Coinbase finds Oasis in UAE with Polkadot, Litecoin & Ape Brigade
Coinbase, the largest cryptocurrency exchange in the US, is reportedly eyeing the United Arab Emirates (UAE) as an international hub. Coinbase CEO, Brian Armstrong noted in a recent interview with …
UAE tops global 2023 rankings in five indexes related to energy, water, infrastructure and transport
Leading in global indexes that are related to the mandates of the Ministry of Energy and Infrastructure is a testament to the effectiveness of our approach that is underpinned by productive …
UAE: Man sentenced to 20 years in prison for raping boy ‘since he was 11 years old’
Authorities in the UAE have sentenced a man to over 20 years in prison and fined him Dh200,000 after he was found guilty of raping and sexually exploiting ..
UAE firm boss joins board of Vodafone
The CEO of a United Arab Emirates government-owned telecoms business is to join the board of Vodafone, the company said today, as it announced a deal to deepen the two firms’ ties. Hatem Dowidar, boss …
Dubai-based logistics firm Aramex sees 49% fall in profit
Dubai-based courier and logistics company Aramex saw its profit fall by 49% to AED 23.909 million ($6.51 million) in the first quarter of 2023 due to factors including currency devaluation as well as …
UAE’s Al Ansari Financial Services net profit up 7%, looks to add branches
The UAE-based Al Ansari Financial Services has seen its profit grow by 7.2% year-on-year (yoy) to 133 million UAE dirhams($36.2 million) in its first set of financial results post IPO and said it …
UAE employees demand better support from IT teams despite service levels beating global benchmarks, Freshworks report
Freshworks’ report also found that while First Contact Resolution for IT service tickets in the country (80.8%) is also impressively higher than the global average (72%), the ability of IT teams in …
UAE: Field exercise to be conducted at Abu Dhabi airport on Thursday
Local authorities announced that an exercise would be conducted on Thursday at the Abu Dhabi International Airport. In a statement, it was said that Abu Dhabi Police and Abu Dhabi Airports, in …
Dubai British School to open third branch in Dubai
The education establishment, operated by Taaleem, is to open a new branch in Jumeirah, which will be the third branch as Dubai British School has schools in Emirates Hills and Jumeirah Park. The opening date for the new school, for students aged between three and 18 years old, is planned to be around August 2024.
Sheikh Hamdan shares video of killer whale spotted in Dubai waters
Ocra whales are usually not a threat; however, authorities have urged people to keep a safe distance from the marine creature