Bridgewater Associates Founder, Ray Dalio, Expands to Abu Dhabi with New Family Office
Building on a 30-Year Relationship
Ray Dalio, the billionaire investor and founder of the world's largest hedge fund, Bridgewater Associates, has announced plans to establish a new branch of his...
IBM Reports Impressive Q1 Profit Surge Driven by Software and Consulting Divisions
IBM has delivered a strong Q1 2023 report, marked by a substantial 26% increase in its net profit, primarily attributed to its robust software and consulting divisions. For the period, the...
The GCC’s Potential to Become a Global Center for Value Chains: Exploring Opportunities
Introduction: Setting the Stage for the GCC's Role in Global Value Chains
As the global economy becomes increasingly complex and dynamic, global value chains (GVCs) have emerged as a key driver of...
Taqa Successfully Raises $1.5bn through Dual Tranche Bond Issuances, Including Debut $1bn Green Bond,...
Abu Dhabi National Energy Company, commonly referred to as Taqa, has successfully raised $1.5 billion through dual tranche bond issuances, featuring a debut $1 billion green bond. The net proceeds from...
National Bank of Kuwait’s Q1 Profit Surges by 15% Amid Global Economic Challenges
The National Bank of Kuwait (NBK), the Gulf state's largest lender, has reported a staggering 15% increase in net profit attributable to shareholders in the first quarter of 2023. This result...
Aramco Stake Transferred to Sanabil Investments, Part of Saudi Arabia’s Long-Term Vision 2030
Government of Saudi Arabia Transfers 4% Stake in Aramco
In a recent move, the government of Saudi Arabia has transferred a 4% stake in Saudi Aramco, a global energy giant, to Sanabil...
Dubai Court Orders KPMG to Pay $231m over Abraaj Fund Audit
The Ruling
In a decision that sent shockwaves through the financial world, KPMG Lower Gulf has been ordered by a Dubai court to pay over $231 million to a group of investors...
G7’s Acceleration of Fossil Fuel Phase-out and Renewable Energy Development
The G7, comprising leaders from the world's wealthiest nations, has concurred to expedite the discontinuation of fossil fuels and hasten the growth of renewable energy. Nevertheless, they have yet to establish...
Dubai’s Vara sets deadline for virtual asset operators seeking regulation
The Rise of Dubai's Virtual Assets Regulatory Authority (Vara)
Dubai has always been at the forefront of innovation and the emerging virtual asset industry is no exception. In order to create a...
MBME Group’s Groundbreaking Decision to List Shares on Abu Dhabi Securities Exchange: Paving the...
As the world becomes more digital, so does the fintech industry, and the UAE's MBME Group is no exception. This 100% Emirati family-owned business, a provider of payment collection and aggregation...
