UAE commits $100 billion in India for new investment and infrastructure creations
December 19, 2021 India’s Minister for Commerce and Industry, Piyush Goyal, discussed the opportunities with industry leaders to expand their global footprint by leveraging business platforms and infrastructure offered by the UAE. Dubai’s DP World presented the market expansion opportunities it offers to Indian businesses and exporters, the Ministry of Commerce and Industry said in a press release. Read the…
Islamic financing moves internationally and outside the GCC
December 15, 2021 During the past two decades, international banks have brought many progressively advanced Shariah-compliant financial instruments to the market. The market share of Islamic banking reached 27 percent in 2019 in the Gulf Cooperation Council. New research shows that the increasing demand for environmental, social and governance principles in traditional investments is pushing demand for Shariah-complaint wealth management…
Mubadala and Bahrain’s Mumtalakat signs deal to plan for future co-investment opportunities
December 14, 2021 Abu Dhabi’s Mubadala Investment Company has signed a preliminary agreement with Bahrain’s sovereign wealth fund Mumtalakat as they plan on to explore co-investment opportunities in around the world. Both companies plan on exchanging knowledge and best practices to improve their investment and operational capabilities. Read the original article in The National News: Mubadala and Bahrain’s Mumtalakat sign…
Saudi Arabia’s Public Investment Fund plans to invest $5 billion in Oman
December 9, 2021 According to a statement from the two countries, the Public Investment Fund of Saudi Arabia is planning to invest $5 billion in Oman. The plan was announced after the visit of Saudi Crown Prince Mohammed bin Salman to his Middle East neighbor. Read the original article in Arab News: Saudi PIF aims to invest $5 billion in…
Economy competitiveness increased as UAE changes weekend
December 8, 2021 The UAE shifts its weekend to Saturday and Sunday resulting in greater integration of the local economy with global markets. This will boost its competitiveness by attracting more foreign direct investment into the country. As the Gulf country relies extensively on foreign trade, tourism and logistics to fuel its economic engine, this recent move to align the…