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ADQ, IHC to create Mena’s largest investment manager

06 Mar 2023

ADQ and International Holding Company (IHC) announced on Monday their intention to create the region’s largest multi-asset class investment manager, to be headquartered in Abu Dhabi. Upon its launch,...

Abu Dhabi’s ‘Business Activity Report’ reflects resilience, vitality

20 Feb 2023

The “Business Activity Report” for the year 2022, issued by the Abu Dhabi Business Centre, part of the Abu Dhabi Department of Economic Development (ADDED), has reported growth of major...

Abu Dhabi Ship Building signs MoU with PT PAL Indonesia

04 Nov 2022

Abu Dhabi Ship Building (ADSB), an EDGE entity, today signed a Memorandum of Understanding with PT PAL Indonesia, Indonesia’s state-owned shipbuilder, to strengthen cooperation and to leverage the capabilities of...

India to showcase its march to become $5tr economy at Expo 2020

04 Sep 2021

The India Pavilion in Expo 2020 Dubai starting October 1 is set to showcase a resurgent India’s march to becoming a $5 trillion economy in the post-covid world. The Pavilion...

Dewa commissions three new substations in Dubai this year

24 Jul 2021

Dubai Electricity and Water Authority (Dewa) has commissioned three new substations with a conversion capacity of 450 megavolt-amperes (MVA) in addition to 132 kV ground cables that extend on 35...

Gold prices gain as US dollar, yields drop

21 Apr 2021

Gulf Today Report Gold prices gained on Wednesday following a weak dollar and a decline in US Treasury yields lifting its demand. Spot gold was up 0.5% to $1,786.80...

Gold prices slip on strong Treasury yields, weak dollar

14 Apr 2021

Gulf Today Report Gold prices dropped on Wednesday as Treasury yields remain firm and the dollar declines due to higher inflation. Spot gold was flat $1,743.01 per ounce by 05:49...

Indian shares drop as coronavirus cases surge

25 Mar 2021

Gulf Today Report Indian shares declined on Thursday following losses in finance and tech companies due to spike in coronavirus cases that might lead to fresh lockdowns. The blue-chip NSE...

New partnerships to enhance female role at board-level

28 Aug 2020

Organised under the patronage of Sheikha Shamma Bint Sultan Bin Khalifa Al Nahyan and in celebration of Emirati Women’s Day, Aurora50 celebrated the successful conclusion of the inaugural Board Summit....

Rolls-Royce announces sale of assets to boost balance sheet

27 Aug 2020

British aero-engine maker Rolls-Royce said it would sell assets to try to raise at least 2 billion pounds ($2.6 billion) as it battles to shore up a balance sheet ravaged...

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