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TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

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Equinor signs $27 bn gas deal

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ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Gulf Islamic Investment of UAE to invest $500m in India

"we look forward to expanding our footprint in India and strategically contributing towards enhancing the India-UAE investment corridor."
By TRENDS Desk
October 19, 2021 7:12 pm
  • The shariah-compliant firm said its current investment plan is sector-agnostic and is now keen to partner with Indian start-ups and growth companies
  • This follows its Indian investment debut in 2020 with India Growth Portfolio (IGP-I)

Gulf Islamic Investment of UAE will invest $500 million in India over the next three years as it takes steps to set up an office in Bangalore.

This follows its Indian investment debut in 2020 with India Growth Portfolio (IGP-I), which took stakes in a portfolio of healthcare companies.

The shariah-compliant firm said its current investment plan is sector-agnostic and is now keen to partner with Indian start-ups and growth companies in their Middle East expansion plans.

Mohammed Alhassan and Pankaj Gupta, founding partners and joint chief executives said in a statement on Tuesday India represented a prime investment destination for GII.

“Given the success of our preliminary investment rounds through the India Growth Portfolio series, valued at over INR 1,000 crore ($133 million), we look forward to expanding our footprint in India and strategically contributing towards enhancing the India-UAE investment corridor.”

 

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