Tata Group retains IPL sponsorship rights for record $300m
New Delhi, India - Corporate behemoth Tata Group has again been awarded title sponsorship rights of the Indian Premier League for...Business Global Sports
Qatar real estate trading volume reaches US$91m between January 7-11
DOHA, QATAR - The volume of real estate trading in sales contracts at the Department of Real Estate Registration at...Business
Etihad Rail completes construction of UAE network’s first marine bridge
Etihad Rail has completed the construction of a rail bridge connecting Khalifa Port with the UAE National Rail Network. The...The bridge will play an important role in improving the transportation of goods in the region.
Etihad Rail recently completed construction works for Package A of Stage Two, which extends over 139 km.
Investcorp builds €1bn European real estate portfolio
Since launching its European real estate business in 2017, Investcorp has invested close to €1 billion into 80 properties across...Since launching its European realty business in 2017, Investcorp has invested €1 billion into 80 properties across the UK, Germany, The Netherlands, and Belgium
The recent industrial acquisitions comprise three multi-let and seven single-let industrial properties located in Bedford, Warrington, Stone, Gateshead, Stockton-on-Tees, etc
SoftBank posts $3.5bn loss
This is its first quarterly loss since January-March 2020.Japan's SoftBank Group has logged its first quarterly net loss in 18 months
The loss is due to the falling value of investments in its Vision Fund, including Chinese ride-hailing giant Didi Chuxing
Waha Capital reports AED 297mn profit
Net profit for the third quarter stood at AED 32 million.The company also maintained an efficient operating model, with a cost to income ratio of 24.5 percent for the trailing twelve months
The Private Investments business produced a net income of AED 1 million, with the global pandemic and market volatility impacting certain sectors within the portfolio
Colombia starts business forum at Expo 2020
The Matchmaking Forum is one of the most important commercial initiatives of ProColombia, which is being organized at Expo 2020...The Matchmaking Forum is being hosted by ProColombia from November 7 to 11
This event is expected to help companies and investors explore business partnerships
Dubai arbitration center board gets ruler nod
Sheikh Mohammed bin Rashid Al Maktoum has directed the Board of Directors of DIAC to establish Dubai as a leading...Dubai ruler Sheikh Mohammed in September ordered the formation of the DIAC
It saw the merger of the Emirates Maritime Arbitration Center and the Dubai International Financial Center Arbitration Institute
MENA marinas attract luxury yachts
The Middle East now accounts for more than 12.6 percent of the world’s luxury yachts as the services match the...Egypt's ports are notable for their capacity to accommodate a large number of yachts and for their ability to provide guests with the best nautical activities.
Sharm El-Sheikh port is one of the most significant seaports in South Sinai Governorate, serving as a hub for ships, yachts, and tourists.
Abu Dhabi Chamber discusses partnerships with Azerbaijan official
Two sides discussed the prospects of boosting trade exchange and the flow of goods between the two countries.Two sides discussed the prospects of boosting trade exchange and the flow of goods between the two countries
The countries will explore opportunities, especially in artificial intelligence, e-trade and food security as well as the fourth industrial revolution
Elon Musk to sell 10% of Tesla stock after Twitter poll
Musk owned about 17 percent of Tesla's outstanding shares as of June 30, currently worth $208.37 billion. His wealth swelled...Musk said he was prepared to accept “either outcome” of the Twitter poll
However, he did not specify when or how he plans to sell the shares
UAE enters into cooperation with Indonesian sovereign fund
The United Arab Emirates and Indonesia’s State Wealth Fund has signed a new agreement to allow funds from the former...The investment framework agreement was signed with the Abu Dhabi Growth Fund
It made a $10-billion investment in the Indonesian sovereign wealth fund in March, according to a statement on Saturday by the Indonesian Investment Authority
