Articles
Chimera launches alternative investment firm with over $50bn in assets
Lunate will provide private and public market multi-asset class investment solutions to institutional investors, pension funds, family offices and other investment firms
Saudi Aramco’s venture capital arm leads $52m round for US firm Mighty Buildings
Mighty Buildings will use the funds to build factories in North America and expand operations to Saudi Arabia and the UAE
India leads world in crypto adoption despite tough tax regulations
The South Asian country taxes cryptocurrency activity at a much higher rate than most other nations, Chainalysis report says
UAE among leading countries of solar use for energy needs
The country ranks second globally in terms of per capita solar consumption
How Alma Health is easing the lives of people with chronic conditions
The HealthTech start-up plans to double down on its success in Abu Dhabi and expand its user base in Dubai and Saudi Arabia
India tops list of new Dubai Chamber of Commerce members
They accounted for 22.3% of the 30,146 new companies that joined the chamber during the six-month period
What the experts say about UAE’s new e-commerce regulation
Sheikh Mohammed bin Rashid, Prime Minister and Ruler of Dubai, announced new e-commerce law this week
Emirates NBD invests in Komgo to strengthen FinTech portfolio
The bank made an equity investment in the trade finance company through its Innovation Fund
Emaar may raise dividends while Noon has no immediate IPO plans
UAE businessman says e-commerce platform could consider a future listing
Orascom Construction profit up threefold on divestments and boost from Besix
Company reports $62.6m in profit for the April to June period
Mukesh Ambani appoints his children to Reliance board
His wife Nita steps down as director but will continue to attend meetings as the board's 'permanent invitee'
UAE auction of Islamic treasury bonds oversubscribed 5.5 times
The move is part of the government's Sharia-compliant treasury bonds programme for this year
PayPal launches dollar-pegged stablecoin
Eligible users can buy and sell 1 PayPal USD for $1 through the platform
Opec+ agrees to stick to current output policy amid higher oil prices
The group's Joint Ministerial Monitoring Committee also expressed its support for Saudi Arabia's efforts aimed at oil market stability
UAE government revenue hits $32bn in first quarter amid economic boom
Financial performance enhances the country's competitiveness and its move towards sustainable socio-economic development, says official
