Tuesday, October 16, 2018

Solar Bankers and GLBrain partner for transactive energy and blockchain

The renewable energy and blockchain company Solar Bankers has joined forces with the Internet company GLBrain (Dubai), to create an ecosystem of online marketplaces based on blockchain. Solar Bankers, a producer of high-efficiency...

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...

Offshore Financial Regulators Announce Collaborative FinTech Partnership

11 financial regulators have announced the creation of the Global Financial Innovation Network, a partnership intended to support businesses to engage in innovative financial technology projects in their territories. The regulators include those of some...

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...

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...

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...

Japanese Jera Buys Abu Dhabi LNG

Japan’s Jera Co. announced it had signed memorandum of understanding (MoU) for a liquified natural gas (LNG) supply from the Abu Dhabi Gas Liquefaction Company Ltd (ADNOC LNG), Pipeline Oil and Gas Magazine reported.Jera,...

Trade Bank of Iraq puts Turkey bank acquisition plans on hold

DUBAI, Aug 15 (Reuters) - Trade Bank of Iraq (TBI) has put on hold plans to buy a commercial bank in Turkey because of the plunge in the Turkish lira, its chairman told Reuters...

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...

ADX gains week on banks, energy boost

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) closed the week ended Thursday, 9 August in the green, backed by the banks and energy sectors. The general index gained 1.26% or...