Tuesday, August 21, 2018

CBE: Trade exchange between Egypt, world countries hit dlrs 65.6 bn in 9 months

CAIRO – 8 August 2018: The volume of trade exchange between Egypt and world countries hit $65.6 billion from July to March in the 2017-2018 FY against dlrs 60.3 billion in the same period...

DP World acquires Danish logistics firm

Dubai, United Arab Emirates, — DP World announced the signing of the acquisition of 100% of the Unifeeder Group for €660 million from Nordic Capital Fund VIII and certain minority shareholders. Based in Aarhus...

Saudi sovereign fund PIF has bought a below 5 percent stake in Tesla

DUBAI (Reuters) - Public Investment Fund, Saudi Arabia’s sovereign wealth fund, has bought a minority stake in Tesla (TSLA.O) at just below 5 percent, a source familiar with the matter said on Tuesday. PIF did...
Investcorp growth continues with net income rising to $125 million

Investcorp growth continues with net income rising to $125 million

Fundraising activities increase by 77% to $7.3 billion   Robust levels of investment, divestment and fundraising activity, expanded global presence and product diversification helped drive continued year-on-year profitability growth together with higher quality fee income relating...

Abu Dhabi Islamic Bank hires banks for $750 million sukuk – sources

DUBAI, Aug 9 (Reuters) - Abu Dhabi Islamic Bank (ADIB) , the largest sharia-compliant lender in Abu Dhabi, has hired international banks to arrange the sale of $750 million in Islamic bonds, three sources...

Sun Life Financial declares dividends on Common and Preferred Shares payable in Q3 2018

     (Photo: https://mma.prnewswire.com/media/695570/3D_broadband_seismic.jpg )Launched on 1 April 2018 and managed by the newly established RAK Petroleum Authority to attract regional and international companies aiming to expand their portfolios in the UAE, the 2018 RAK...

Gerhard Schubert Joins Physical Gold Fund

  GRAND CAYMAN, Cayman Islands, Aug. 07, 2018 (GLOBE NEWSWIRE) -- Physical Gold Fund (PGF), a world leader in physical allocated gold is pleased to announce the appointment of Mr. Gerhard Schubert to its Advisory...

UAE group ramps up PH logistics expansion

Published August 9, 2018, 10:00 PM By Bernie Cahiles-Magkilat LuLu Group International, a diversified firm based in United Arab Emirates (UAE), is investing $100 million this year for its expansion in the...

SCI’s crude oil tanker suffers explosion off Oman Coast, 3 sailors missing

Three sailors are missing and one suffered burn injuries after a section of Shipping Corporation of India’s (SCI) tanker vessel – MT Desh Vaibhav exploded in morning off Oman’s coast. According to the statement...

Tristar acquires Shell’s Dubai chemicals terminal

August 9th, 2018 Jason Jiang Middle East, Ports and Logistics 0 comments UAE-based chemical shipping & logistics firm Tristar has entered into an agreement to acquire...