Musk said Bitcoin mining is “shifting towards renewable energy” and his company will likely resume accepting it as payment for electric cars
Narratives that had propelled Bitcoin to a mid-April record of almost $65,000 are now being questioned
McLaren, controlled by Bahrain’s Mumtalakat, has been hit by the pandemic
EGA is the Middle East’s biggest aluminium producer and is equally owned by Mubadala and Investment Corporation of Dubai
For the private or state investor, there are three ways to make a deeper ESG impact
The fund has vowed to invest more in Asia and the US as it pursues growth and diversification after years of substantial investment in Europe
Abraaj, which was headed by financier Arif Naqvi, went into liquidation in 2018
Mubadala sold 975.9 million Yahsat shares, representing a 40 per cent stake, for Dhs2.75 each
Launched in 2017, Speero is a digital platform for automotive after-sales
The state energy giant is preparing to gauge interest in the assets from potential investors
The latest funding round has boosted the Indian online retailer’s valuation to $37.6bn
The additional funding comes after an initial financing of Dhs300m was secured earlier this year from the bank
The Qatari lender last month had offered $128m to raise its holding to 50.1 per cent from 34.9 per cent
Shuaa has approached banks to set up three blank-check companies of around $200m each to pursue deals in the energy, finance, and technology sectors
The healthcare and education investment firm acquired 51 per cent of Shifa Al Munthaza Polyclinic
The IPO gives Yahsat a market value of about Dhs6.7bn
Mashreq will offer financing of up to Dhs10m to SME customers, of which 50 per cent will be guaranteed or co-lent by EDB
Stratus was acquired by Arcapita in late 2017 and its enterprise value has since tripled
Dubai’s US-dollar denominated debt listings are now valued at $98.5bn
The average Saudi life expectancy is 75 years, and the official retirement age is about 60 for men and women
Emirates Pay is an alternative method for travellers to pay for air tickets purchased online by directly debiting their bank account
RAKBANK will offer SMEs and larger businesses based in free zone easy access to account opening services, loans, and credit facilities
Aldar will invest a fixed amount in one or more ESG projects if it does not reach agreed annual targets
The Future Generations Fund, managed by Kuwait Investment Authority, has risen to a record of about $700bn
Security selection will be particularly important within high yield
Investments in companies that prioritise social and environmental objectives perform as well financially as traditional investments
The move widens the services Standard Chartered can offer in the country
2020 has clearly depicted that investors must focus on prioritising companies with sound business models, writes entrepreneur and investor Shailesh Dash
Proceeds will be used for investing in future growth
The digital currency had reached a record near $65,000 in mid-April