Mukesh Ambani speaks during 7th Convocation ceremony at the PDPU campus in Gandhinagar. File/ Agence France-Presse
Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, on Thursday announced it will invest 62.48 billion rupees (Dhs3.1 billion) into Reliance Retail Ventures Limited (RRVL),
Indian oil-to-telecoms conglomerate Reliance Industries Ltd said on Saturday Singapore sovereign wealth fund GIC and global private equity firm TPG Capital invested a combined 73.50 billion rupees (about $1 billion) in its retail unit.
Backed by multi-billion-dollar investments from global tech giants, India’s richest man is ready to rumble with Amazon and Walmart for the country’s huge e-commerce market through his conglomerate Reliance.
Bank investments in UAE hit Dhs548.5 billion by the end of March, the highest level in the country’s history, a report by the Central Bank of the United Arab Emirates revealed.
China’s factory gate prices fell at the fastest pace in seven years in May and quicker than forecasts, as faltering demand weighed on a slowing manufacturing sector and cast a cloud over the fragile economic recovery. As rising interests rates and inflation squeeze demand in the United States and Europe, China is in contrast
India’s industrial and warehousing demand across the top five cities remained strong during the first quarter (Q1) of 2023, rising by 11 per cent Year-over-Year (YoY) at 7.2 million sq ft, according to Colliers survey. The quarter also saw the highest leasing compared to the previous 8 quarters. This sustained streak in leasing
The Gulf Cooperation Council(GCC) countries are leading the battle against the shadow economy in the Middle East and North Africa (Mena) region by implementing effective policies.Gulf Cooperation Council nations boast a remarkably small shadow economy, with informal businesses accounting for just 18 per cent of gross