Mukesh Ambani. File
India’s Reliance Industries said that private equity firm General Atlantic would invest Rs36.75 billion ($498.31 million) for a 0.84% stake in its retail arm, while Silver Lake co-investors will also buy a stake.
Abu Dhbai T10 League added another feather to their cap as they signed a deal with telecom giants Jio, who will stream the matches live to their strong base of 330 millions subscribers on their smart phones.
Reliance Industries Ltd (RIL) chief Mukesh Ambani is the ninth richest person in the world along with Steve Ballmer of Microsoft and Larry Page of Google, each having a net worth of $67 billion, according to the Hurun Global Rich List 2020.
The UAE has succeeded in providing all public and private services, which greatly contributed to mitigating the expected impact of the pandemic on the real estate sector, thanks to the proactive measures of the government, says Binghatti.
The International Monetary Fund on Tuesday raised its forecast for global economic growth in 2021 and said the coronavirus-triggered downturn in 2020 would be nearly a full percentage point less severe than expected.
Etisalat has made history by emerging as the strongest brand across all categories in Middle East and Africa (MEA) region. This feat puts Etisalat among the top 25 brands globally in the strongest brands index by Brand Finance,