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UAE, Brazil to expand bilateral halal trade and investment ties

14 Jun 2020

Business Bureau, Gulf Today Dubai Airport Freezone Authority (Dafza) has signed a Memorandum of Understanding (MoU) with the Arab-Brazilian Chamber of Commerce (CCAB) with the aim of on boarding...

Nasdaq Dubai welcomes listing of $200m Sukuk by GFH Group

11 Jun 2020

Nasdaq Dubai, the region’s international financial exchange, welcomed the listing of $200 million Sukuk issued by GFH Financial Group (GFH). GFH said the proceeds of the Sukuk will be...

Saudi Arabia transfers $40b from Sama’s forex reserves to PIF

30 May 2020

Saudi Arabia transferred a total of 150 billion riyals ($40 billion) from the Saudi Arabian Monetary Authority’s (Sama’s) foreign exchange (forex) reserves to the Kingdom’s Public Investment Fund (PIF)...

Slump in consumer sector may boost PE investments in India

28 May 2020

As demand disruption and supply chain issues will severely impact revenue growth in the consumer businesses, it is likely to create investment opportunities for private equity (PE) firms, according...

KKR to invest $1.5 billion in Reliance Industries’ digital unit

22 May 2020

KKR & Co will invest $1.5 billion in Reliance Industries’ Jio Platforms, its biggest investment in Asia to date and bringing the amount of new funds raised by the...

Delhi likely to raise FDI cap in insurance companies to 74%

19 May 2020

Indian government is likely to raise foreign direct investment (FDI) cap in insurance companies. In yet another big reform initiative aimed at bringing more capital into the insurance business,...

‘Investment in innovation will help in crisis’

21 Apr 2020

Mariecar Jara-Puyod, Senior Reporter It has been proved time and again that crises and opportunities go hand-in-hand. Ina Concon, psychologist-registered nurse-Child Care UAE co-founder, would still stick to the...

India tightens regulations on investment from neighbours

18 Apr 2020

India has stepped up scrutiny of investments from companies based in neighbouring countries, in what is widely seen as a move to stave off takeovers by Chinese firms during the...

Petronas raises $6 billion by first bond sale in five years

15 Apr 2020

Malaysia’s Petronas said on Wednesday it raised $6 billion by a multi-tranche senior bond offering, the state oil company’s first such sale in five years. Malaysian state energy giant’s return...

Saudi investment ministry presents Virgin Hyperloop One with trade licence at US forum

03 Mar 2020

Business Bureau, Gulf Today Today Saudi Arabia’s newly established Ministry of Investment (formerly SAGIA) presented Virgin Hyperloop One (VHO), the category leader in hyperloop development, with a trade licence at...

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