Investcorp co-CEO says investment will focus on healthcare, education, social housing, infrastructure, roads, utilities
Author Archives: Staff Writer
Abu Dhabi fund’s plans to invest in Rio Digital Fibre hits hurdle
ADIA, I Squared Capital and GIC of Singapore have been negotiating to acquire controlling stake in the pan-India fibre assets of Reliance Jio
UAE announces return of troops from Yemen’s Aden
UAE forces were instrumental in operations that took Aden from the Houthis in July 2015
Gulf Islamic Investments: Providing a diverse set of investment opportunities
Gulf Islamic Investments and its team enjoy a track record of managing $2.8 billion in assets and securing $5.6 billion in debt and in excess of $1.2 billion in equity.
UAE, Saudi Arabia said to launch joint tourist visa
New tourist visa which will allow visits to both countries is expected to be introduced in 2020 – reports
Flydubai says unaffected by latest Boeing plane safety scare
Cracks have been found in up to 50 of Boeing’s popular 737NG planes after worldwide inspection
OPPO Reno2 takes the lead in mobile phone photography with its QuadCam
Reno2 and Reno2F are acked with photography-enhancing features that will redraw the boundaries of users creativity
James Bond Jaguar to go under the hammer at Abu Dhabi F1 auction
Limited edition Jaguar C-X75 expected to fetch up to $1.2 million
At least 65 killed in Pakistan passenger train fire
Television footage showed flames pouring out of the carriages in the incident near Rahim Yar Khan district in Punjab province
Saudi Arabia to launch carbon trading scheme
Gulf kingdom already operates the largest carbon capture and utilization plant in the world
Rao Holdings Group outlines its ambitious expansion plans
The Dubai-based firm manages blue collar worker camps and offers facilities management services
Dubai’s Aramex sees profits impacted by e-commerce pricing pressure
CEO Bashar Obeid says company is well prepared to cope with expected surge in business towards the end of 2019
How digital signature and blockchain technology can help businesses
Digital signatures allow companies and customers to sign documents electronically from anywhere using a computer or mobile device
Opinion: understanding the new UAE-UK double tax agreements
Businesses operating in the UAE must consider their global operating models and analyse transactions with treaty jurisdictions adopting the multilateral instrument
GCC chemical investments surpass $140bn so far in 2019
Gulf Petrochemicals and Chemicals Association reveals figure ahead of major summit to be held in Dubai in December
Saudi tourism mega project awards contract for airport plan
UK-based Fosters + Partners wins design contract for airport to serve the Red Sea Project
President Bolsonaro says keen for Brazil to join OPEC
His comments come ahead of a major auction next week for oil rights in Brazil, which is rapidly boosting output
World’s biggest solar plant starts commercial ops in Abu Dhabi
The 1.2-gigawatt Sweihan project is connected to the grid and can meet the electricity demand of more than 90,000 people
Kuwaiti IPOs deemed to have breached Islamic law
Kuwait stock exchange’s IPO and and a long-awaited public subscription to Shamal Al-Zour have been branded ‘haram’ or forbidden
Gulf countries cut interest rates, following US Fed move
Kuwait lowers borrowing costs for the first time since 2012 in response to US Federal Reserve’s decision
Apple beats profit forecasts amid growth in services, wearables
Apple said revenue from its smartphones fell nine percent in the quarter to $33.4bn
Samsung Electronics Q3 net profit slumps 52% amid downturn in chip market
Samsung also faces challenges from the US-China trade war and tough export restrictions imposed by Tokyo on key supplies as part of a dispute with Seoul over wartime forced labour
Lebanon protesters keep up demands for change after PM resigns
President Michel Aoun acknowledged Saad Hariri’s resignation as prime minister but asked his government to stay on in a caretaker capacity until a new cabinet is formed
Oman overcome Hong Kong to reach T20 World Cup finals in Australia
Oman and Scotland join Namibia, Netherlands, Papua New Guinea and Ireland
No dividends for Damac shareholders as ‘weak market’ hits profits
Dubai developer Damac cites low profitability as it announces it will withhold dividends at the end of this year
Scotland defeat ends UAE’s T20 World Cup hopes
Scotland beat the UAE by 90 runs in Dubai to book a place in next year’s T20 World Cup tournament
Oman’s low-cost carrier to expand flights to Saudi Arabia
SalamAir is set to launch direct flights to Dammam, capital of the Eastern Province of Saudi Arabia, on November 19
XEd Learning Solutions: largest provider of Customised Executive Education for Senior Leaders
The Cornell Innovation Ambassador Program has been one of XEd Learning Solutions’ most popular programs delivered in the UAE
India to probe MakeMyTrip, Softbank-funded Oyo
Investigation launched after hospitality firms and industry bodies complained that MakeMyTrip offered preferential treatment to Oyo on its platform, stifling competition
BRAG incubating the next generation of creatives in the UAE
How the experience creator is shaping and empowering the creative industry, one entrepreneur at a time
Natalya, Lacey Evans set for Saudi’s first all-female WWE match
WWE Crown Jewel in Riyadh will also feature former boxing champion Tyson Fury
Bahrain-based Fortnite Middle East server goes live
New server will lead to better ping times and reduced lag in the region
Lebanon president asks Saad Hariri to head caretaker cabinet
Michel Aoun has asked the government to continue to conduct affairs until a new cabinet is formed
Fuel your professional development with IMD Business School’s OWP programme
Every leader knows that learning is a lifelong journey. The IMD Business School Orchestrating Winning Performance programme offers the full breadth of business topics needed to stay successfully ahead, says Dr. Hischam El Agamy, IMD Delegate to Africa, Middle East, South & Central Asia and Turkey
Saudi Arabia invites Brazil to join OPEC oil group
Brazil President Jair Bolsonaro says invitation received after holding meetings with senior Saudi officials
Date set for Emirates NBD rights issue on Dubai’s DFM
Dubai Financial Market says rights issue of the emirate’s largest bank is due to be traded between November 3-14
New Scotland Yard’s UAE owner sees post-Brexit boom in London
Abu Dhabi Financial Group CEO predicts ‘serious pickup’ in residential real estate in central London once Brexit is resolved
UAE Minister of Economy and 6 Senior Government Officials to Highlight UAE Economic Advantages at Sharjah FDI Forum
Regional and global leaders, economists and business experts will join senior UAE government officials at the 5th edition of the Sharjah FDI Forum, November 11-12
Early opening date revealed for Yas Island’s $100m CLYMB attraction
New attraction will feature the world’s tallest indoor climbing wall and widest skydiving flight chamber
UAE, Bahrain telcos launch JV to simplfy intra-regional connectivity
Du and Batelco unveil Arc which aims to offer data centre solutions for carrier, cloud and content providers and major enterprise companies
Dubai firm to invest $50m in Middle East gaming, eSports ecosystem
W Ventures says funds to be invested into a new business model that aims to improve gaming in the region
Why IKEA’s new Dubai store should be easy to find
Festival Plaza store, to open in December, will feature the world’s tallest navigation tower, says anchor tenant IKEA
Future Investment Initiative: why it’s okay to return to Saudi Arabia
How Wall Street titans have smiled and schmoozed at a Saudi investment conference widely shunned last year
Central Hotels opens new luxury Palm Jumeirah resort
C Central Resort – The Palm is a beachfront luxury property featuring 203 rooms and suites
Indian e-commerce major to create hundreds of new jobs in UAE, Saudi Arabia
FreshToHome is in talks with investors and funds based in the UAE, US and Europe for its next round of fund raising
Dubai’s Samana Group eyes $1bn investments as it sets up China base
Imran Farooq, Samana Group CEO is hoping for Chinese investment in three new real estate projects to be launched
Saudi Aramco venture seeks $6bn loan for gas project
$8 billion power project will serve Aramco’s Jazan refinery and terminal on Saudi Arabia’s Red Sea coast
Superstars Ronaldo, Messi to go head to head in Dubai
Two footballing legends among seven short-listed for Player of the Year at Global Soccer Awards
Damac owner Hussain Sajwani completes purchase of Roberto Cavalli
Dubai-based Vision Investment Company has bought troubled Italian fashion house
India’s aviation ministry defers decision on expanding airline seat capacity with UAE
India’s civil aviation ministry to hold further discussions with the UAE authorities early next month
Saudi Arabia’s sovereign fund to invest $10bn in Brazil
The two governments will form a council over the next two weeks, which will define the sectors and the timing of the investments
Brazil’s BRF to build chicken processing plant in Saudi Arabia
The company currently has four production facilities in the region
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Standard Chartered pre-tax profit up 16% in Q3
The lender said it earned $1.24 billion before tax in July-September, against forecasts for a drop
Timing of Aramco IPO will be Saudi crown prince’s decision, says energy minister
The long-awaited initial public offering will reportedly happen on December 11 on the Riyadh stock market