The rights issue was oversubscribed 7.4 times, with a total demand of Dhs4.1bn
The conglomerate said its revenues surged by 30.8 per cent year-on-year to Dhs28.7bn as the company sustains its growth trajectory
The largest digital-asset by market value fell as much as 4.2 per cent
This investment comes under Multiply+, the group’s sector-agnostic arm
The economic freezone seeks to provide an adaptive and supportive ecosystem for investors looking to expand their horizons and businesses
The transaction is expected to close between the third and fourth quarter of 2023, subject to regulatory approvals
The total funding has reached $400m
The forum concluded with the signing of the Riyadh Declaration, underscoring continued collaboration between the China and Arab countries.
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
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
The country’s wealth fund remains one of the biggest investors in Europe, with stakes in companies such as Glencore and automaker Volkswagen
The firm will support UK companies seeking to engage in the Middle East in sectors such as healthcare, renewable energy and technology
Smaller tokens ranging from Ether to Binance Coin also posted gains
The UAE has so far concluded four CEPAs with India, Israel, Indonesia and Turkey and the first two have already come into force
The company deployed Dhs107bn in industries such as life sciences, renewable energy and digital infrastructure
The partnership is expected to create new investment opportunities to support sustainable economic growth
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 recently announced a strong revenue profit of Dhs1.11bn for 2022
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
Both the countries agreed to double the volume of trade and investment exchange over the next seven years
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
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
The new licence is part of an economic recovery plan launched by the Gulf state in October 2021 to boost investment and job creation
Developments within the art market over the last decade have been followed almost as closely as those within the stock market
The 17th EFG Hermes One-on-One Conference is being held at Atlantis, The Palm in Dubai from March 6-9
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
Mexican President Andres Manuel Lopez Obrador earlier said that Tesla will build the plant in Monterrey
Public and private sector enterprises are setting standards for digital excellence with the support of events such as LEAP2023
The Hanoi-based company offers small loans primarily backed by vehicles as collateral and provides financial services, such as insurance and money transfers
The property occupies an area of over 32,000 square metres and houses more than 400 rooms and suites