#Investment

National Bonds unveils ‘millionaire’ saving plan

Millionaire in 10 years: National Bonds unveils ‘My One Million’ saving plan

Companies can contribute on behalf of their employees, which is expected to enhance employee retention

How AIX is unlocking Dubai’s investment potential

AIX Investment Group is showcasing Dubai’s potential for real estate investor

From premium residences to ultra modern commercial spaces, the city’s real estate market offers diverse and lucrative opportunities for investors

Steven Rees J P Morgan Private Bank inisgnsights on teh recession obessesion and investment trends

Recession obsession: How to navigate a well-telegraphed downturn

Looking to invest? Diversified portfolios can continue to generate strong returns heading into 2024. Read on for these and other tips…

ADX and tawasul tieup to provide users realtime stock market updates on the superapp GettyImages-687689274

Abu Dhabi’s ADX, Tawasal SuperApp to offer real-time stock market updates

Tawasal is a secure multi-purpose messenger and super app, which offers free calls, chats, video conferencing and lifestyle services

Ajman Bank Dhs550m right issue oversubsribed Mohamed-Amiri Image courtesy Ajman Bank

Ajman Bank’s Dhs550m rights issue receives strong response

The rights issue was oversubscribed 7.4 times, with a total demand of Dhs4.1bn

IHC’s half-year net profit surges to $2.8bn

Abu Dhabi’s IHC posts $2.8bn in half-year profit

The conglomerate said its revenues surged by 30.8 per cent year-on-year to Dhs28.7bn as the company sustains its growth trajectory

Bitcoin drops below $29,000 for the first time in over a month

The largest digital-asset by market value fell as much as 4.2 per cent

Abu-Dhabi based Multiply Group invest in EIG GettyImages-1331237787

Abu Dhabi-based Multiply Group invests $100m in EIG’s Breakwater Energy

This investment comes under Multiply+, the group’s sector-agnostic arm

RAKEZ signs MoU with Manufacturers’ Association of Israel

UAE’s RAKEZ signs MoU with Manufacturers’ Association of Israel

The economic freezone seeks to provide an adaptive and supportive ecosystem for investors looking to expand their horizons and businesses

Investcorp invests $100m in communications firm SEC Newgate

Bahrain’s Investcorp invests $100m in communications firm SEC Newgate

The transaction is expected to close between the third and fourth quarter of 2023, subject to regulatory approvals

Islamic Coin

Islamic Coin secures $200m funding from ABO Digital

The total funding has reached $400m

Arab China Conference

Arab-China Business Conference underscores strengthening ties

The forum concluded with the signing of the Riyadh Declaration, underscoring continued collaboration between the China and Arab countries.

Abu Dhabi gaining appeal among global HNWIs GettyImages-665435021

Abu Dhabi real estate gaining popularity among global HNWIs: Knight Frank

According to Knight Frank’s survey, 45 per cent of global HNWIs indicated that the emirate’s development plans enhanced its appeal as an investment destination

Saudi Arabia signs deal with China EV maker

Saudi Arabia inks $5.6bn deal with Chinese EV brand Human Horizons

The deal accounts for more than half of the $10bn investment agreements that were signed on the first day of the Arab-China business conference

Qatar investor set for a spending boost

Qatar’s top dealmakers get ready for a spending power boost

The country’s wealth fund remains one of the biggest investors in Europe, with stakes in companies such as Glencore and automaker Volkswagen

Lumina’s role is to support UK companies

Lumina Capital appointed registered provider to UK’s DBT

The firm will support UK companies seeking to engage in the Middle East in sectors such as healthcare, renewable energy and technology

Bitcoin

Bitcoin jumps to more than two-week high

Smaller tokens ranging from Ether to Binance Coin also posted gains

UAE Minister of State for foreign trade Dr Thani bin Ahmed Al Zeyoudi

UAE, Malaysia agree to launch CEPA negotiations

The UAE has so far concluded four CEPAs with India, Israel, Indonesia and Turkey and the first two have already come into force

Mubadala has invested in clean energy FY 2022 financial highlights

Abu Dhabi’s Mubadala outperforms global benchmarks in 2022

The company deployed Dhs107bn in industries such as life sciences, renewable energy and digital infrastructure

UAE, Italy strengthen economic partnership

UAE, Italy strengthen economic ties, explore investment exchanges

The partnership is expected to create new investment opportunities to support sustainable economic growth

Amazon

Amazon to invest $12.7bn in India cloud services by 2030

The US company’s cloud business, which has data centres in the Mumbai and Hyderabad regions has already invested $3.7bn in India from 2016 to 2022

Al Seer Marine invests into Adnoc L and S

Al Seer Marine makes Dhs257m cornerstone investment into ADNOC L&S

Al Seer Marine recently announced a strong revenue profit of Dhs1.11bn for 2022

tech

UAE, US explore investment opportunities with focus on clean tech startups

Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade held one-on-one meetings with Austin-based startups, which are deploying technologies such as AI, blockchain and quantum computing

Morocco

UAE, Morocco review strengthening financial, economic cooperation

Both the countries agreed to double the volume of trade and investment exchange over the next seven years

UAE Dr. Thani bin Ahmed Al Zeyoudi.

UAE, South Africa seek to boost trade ties in energy, tourism

The country is the UAE’s second-largest trading partner in Africa, accounting for 8 per cent of total non-oil trade with the continent

UAE and Brazil Presidents

UAE President receives President Lula of Brazil

The UAE is one of Brazil’s largest trading partners and President Lula’s visit is expected to boost bilateral relations between the two countries

Bahrain unveils new visa

Bahrain unveils new ‘golden licence’ to attract investors

The new licence is part of an economic recovery plan launched by the Gulf state in October 2021 to boost investment and job creation

Art

How art is being incorporated into investment portfolios for diversification

Developments within the art market over the last decade have been followed almost as closely as those within the stock market

EFG Hermes Holding group CEO Karim Awad gives keynote speech at One on One Conference in Dubai

GCC is key investment hub for regional, global investors: EFG Hermes

The 17th EFG Hermes One-on-One Conference is being held at Atlantis, The Palm in Dubai from March 6-9

ADQ, IHC to create MENA's largest independent investment manager

ADQ, IHC to create MENA’s largest independent investment manager

The new investment manager aims to launch a series of multi-asset class funds to invest in private equity, venture capital, credit and public equities