Nearly a dozen state-owned life insurers and one state-owned fund manager in China have established an equity investment fund worth $4.9 billion. However, Read More
With the number of consumers shifting from offline to online purchases, Hong Kong’s e-commerce market, which grew by 13.7% to reach $26.1 billion Read More
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Dubai Islamic Bank Achieves 47% Growth in Total Income in Q1-2023
Dubai Islamic Bank (DIB), the UAE’s largest Shariah-compliant bank, on Thursday announced a 47% increase in total income to $1.2 billion for the Read More
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UAE’s M42 to Acquire European Dialysis Clinic Chain Diaverum
Abu Dhabi's M42, a newly created joint venture by Mubadala Investment Company and G42, has acquired Bridgepoint Group's European dialysis clinic chain Read More
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Shariah-compliant crypto Islamic Coin Aims to Exceed Bitcoin’s $1 Trillion Valuation
Emerging Shariah-compliant cryptocurrency Islamic Coin (ISLM) aims to exceed Bitcoin’s (BTC) $1 trillion valuation.Read More
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TAQA Group Completes $1.5 Billion Dual Tranche 5-year and 10-year Bond Offering
Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utility companies in the Middle East and North Africa (MENA) Read More
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Turkiye and Syria Earthquake Losses Comprise Over Half of Global Economic Losses in Q1-2023
The devastating earthquake in Türkiye and Syria on February 6, whose economic losses were approximately $39.1 billion, drove global natural disaster losses in Read More
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Stanchart and IFC Renew Commitment to Boost Global Trade by up to $6 Billion
Standard Chartered (Standchart) and the International Finance Corporation (IFC) have announced the signing of a $700 million investment in the IFC’s Global Read More
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UAE to Make Fresh Investments Worth $2.45 Billion in Brazil
Brazilian President Luiz Inácio Lula Da Silva and his entourage reached an agreement with the UAE which foresees investments worth around $ 2.45 Read More
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Higher Interest Rates May Weaken NZ Dollar, Says BNP Paribas
The New Zealand dollar is likely to become “weaker” as higher interest rates are exposing the vulnerabilities in the country’s household Read More
