Perturbed by the decision of France and Germany to increase aviation tax, the European airlines have demanded both governments to urgently withdraw Read More
Finance
Business
Companies
Mergers and Acquisitions
Regional
World
Marex Group Acquires Abu Dhabi-based Aarna Capital
Aarna Capital is a multi-asset brokerage firm, operating from Abu Dhabi Global Markets (ADGM), has been acquired by the UK-based Marex Group Read More
Business
Civil Aviation
Companies
Regional
Transportation
World
Parkin and Skyports to Develop UAE’s AAM Industry
Parkin Company, the largest provider of paid public parking facilities and services in Dubai, on Thursday said that it has signed a Read More
Business
Artificial Intelligence
Companies
Funding
Regional
World
OpenAI Raise $6.6 Billion to Scale Benefits of AI
OpenAI, developer of generative artificial intelligence chatbot ChatGPT, on Wednesday said that it has raised $6.6 billion in new funding at a $157 billion Read More
Business
Companies
Mergers and Acquisitions
World
Singapore’s GIC to Acquire Minority Stake in Reworld
GIC, Singapore’s sovereign wealth fund, said that it has signed an agreement with EQT Infrastructure V fund to acquire a 25% minority Read More
Business
Companies
Hospitality
Regional
World
UAE Hospitality Sector Reports Substantial Growth in H1-2024
The UAE's hospitality sector showed substantial growth in H1 2024 with Dubai recording a 9.9% y-o-y increase in international visitors, which rose to 8.12 million Read More
Business
Assets Under Management
Companies
Wealth
World
Apollo Plans to Develop Its AUM to $1.5 Trillion
The US-based Apollo Global Management has drawn up ambitious plans to more than double its assets under management (AUM) - from $696 billion Read More
Banks
Business
Companies
Financial Services
Technology
World
Meta Expands Partnership with UK Banks to Fight Scams
Meta (formerly Facebook), an American multinational technology conglomerate based in California, on Wednesday announced the expansion of a first-of-its-kind information sharing partnership Read More
Business
Companies
Eurozone
Real Estate
sovereign wealth funds
NIBM, Swiss Life Buy Paris Asset for $192 Million
Norges Bank Investment Management (NBIM), a unit of Norges Bank and responsible for the management of Norway’s Government Pension Fund Global, Read More
Business
Companies
Digital Assets
Financial Services
Regional
World
Ripple to Expand Its Services from DIFC
Ripple, the leading provider of digital asset infrastructure, has secured in-principle approval from the Dubai Financial Services Authority (DFSA) to expand its Read More
