Spain urges WTO meet in UAE to address de-globalization
ABU DHABI, UAE - Madrid wants the upcoming 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) here next...Business Economy Geostrategy Global
Borouge full-year net profit $1bn
The firm posted third consecutive rise in quarterly earnings.Company News Business
Investcorp acquires 64 industrial properties in US for US $640 million
The properties grow Investcorp’s US industrial real estate holdings to approximately $3.5 billion across approximately 32 million square feet comprised...The properties grow Investcorp’s US industrial real estate holdings to approximately $3.5 billion across 32 million square feet comprised of more than 425 buildings
The latest acquisitions provide Investcorp with Class B+/B industrial warehouses that are 95 percent leased
UAE F&B trade hit $20bn in first 9 months of 2021: Dubai Chamber
The rise was said to have been supported by growing demand and expanded efforts to enhance food security and diversify...Imports, at $12.8 billion, accounted for the largest share of the UAE’s F&B trade during January-September 2021
This was followed by exports at $4.1 billion and re-exports at $3.3 billion over the same period last year
Accountants drop Trump, say records can’t be relied upon
Mazars informed the Trump Organization in a letter last Wednesday that it would no longer work for the company.Mazars informed the Trump Organization in a letter last Wednesday that it would no longer work for the company
The accounting firm added that an investigation of its own and "information received from internal and external sources" had also played a part in it reaching that conclusion
Hollywood actor jailed for $650m scam
Zachary Horwitz has swindled millions in a huge Hollywood Ponzi scheme to finance a lavish lifestyle of yachts, jets and...35 year old American actor swindled $650 million in multi-million dollar Ponzi scheme
Judge Mark Scarsito sentenced Horwitz to 20 years and ordered him to repay $230 million to his victims
US regulator announces $100 mn fine on crypto lender
The first-ever such case came as the Securities and Exchange Commission (SEC) looks to establish regulatory authority over digital currency...The first-ever such case came as the Securities and Exchange Commission (SEC) looks to establish regulatory authority over digital currency services
"This is the first such case involving crypto lending platforms," SEC chair Gary Gensler said in a release
UAE launches Nationals Development Pathway for food security
The UAE Food & Beverage Business Group enables the active participation of professionals, Emiratis and SMEs to support the food...The UAE Food & Beverage Business Group enables the active participation of professionals, Emiratis and SMEs to support the food sector
The Middle East Sugar and Calorie Reduction Programme was also unveiled at Gulfood as the first series under the NDP
‘Don’t be Google’: The rise of privacy focused startups
Google once used the slogan "don't be evil" to distinguish itself from its competitors, but now a growing number of...They are taking on Google Analytics, a product used by more than half of the world's websites to understand people's browsing habits
The smaller players know they are not going to overturn Google's domination, rather their aim is to inject a bit of fairness and choice into the market
TikTok eyes a bigger slice of Arab social media
TikTok is among top ten most downloaded apps in the region, particularly in Saudi Arabia, UAE, and Qatar, says Hany...The cumulative follower total of the top 10 GCC TikTok personalities grew from 24.6 million at the beginning of 2020 to 54.6 million in February 2021
Food, sports and comedy are among the most popular content pillar on TikTok
Mubadala closes Brazil fund
Brazil Special Opportunities Fund I is Mubadala's first fund in Brazil.The fund raised capital from a diverse set of global investors, including a leading public pension fund, family offices and corporates among others.
Mubadala Capital manages over $10 billion of assets in third-party managed funds across its Brazil, private equity, public equities and venture capital businesses.
India to list its largest insurer, set to raise $10bn
India is embarking on the blockbuster listing of the country’s largest insurer as part of a wider privatization drive to...After the listing, which is expected in March, LIC will be one of India’s biggest publicly listed companies alongside giants such as Reliance and TCS
The company holds a two-thirds share in the domestic life insurance market. It manages assets of 36.7 trillion rupees ($491 billion)
