Wednesday, December 19, 2018

India’s Samana Global launches $560m AIF, plans feeder fund in Abu Dhabi

December 18, 2018 Kerala-based conglomerate Samana Global Business Solutions Ltd has launched its maiden Category II Alternative Investment Fund with a target corpus of Rs 4,000 crore ($560 million).

Shashi Tharoor releases Indian American Thampi Antony’s book at Sharjah book fair

Shashi Tharoor (center) giving a copy of “The Lady Biker” to Shajahan Madampat a the Sharjah International Book Fair on November 9. Looking on is author Thampi Antony.“The Lady Biker,” a collection of 14 short...

$1.08bln Ajman 2019 budget focuses on infrastructure

UAE - His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, approved the Ajman government's general budget for 2019 to 2021.The budget amounts to Dh4.14 billion, a growth...

Clean energy boost: UAE to get first hydroelectric plant soon

The UAE government is conducting preliminary studies to build a hydroelectric plant in Ras Al Khaimah to expand its source of future renewable energy, the top executive of the Federal Electricity and Water Authority...

DP World welcomes US’ new policy on Africa

UAE - Global trade enabler DP World has welcomed the statement made by US National Security Adviser John Bolton at the Heritage Foundation on December 13, 2018, when he presented the US administration's new strategic...

UAE fintech ‘booming’ as more startups complete accelerator

Fintech Hive at the Dubai International Financial Centre (DIFC) is a 12-week programme which provides technology companies with mentoring and support from Middle Eastern and global financial institutions and insurance companies. The programme supported...

Advisory Council of UAE Banks Federation Considers Adoption of Blockchain in Banks By Cointelegraph

Advisory Council of UAE Banks Federation Considers Adoption of Blockchain in Banks The Advisory Council of the United Arab Emirates Banks Federation (UBF) discussed applying blockchain in its member banks, according to...

Saudi Arabia has increased imports from the Netherlands

Netherlands (the) 18/12/2018 Saudi Arabia has increased imports from the Netherlands     The Persian Gulf countries and especially Saudi Arabia have...

Prabhas’ Next, ‘Saaho’ to Release on Independence Day, 2019

MUMBAI—"Baahubali" star Prabhas' new film "Saaho" will hit the screens on the Independence Day on August 15 next year.The release date was announced via a statement.The film, also starring Bollywood actress Shraddha Kapoor, is...

Etihad Cargo expands global network with launch of services to Barcelona

With the launch of Etihad Airways’ passenger services to Barcelona, Etihad Cargo has expanded its cargo capacity into Spain, providing freight forwarders and cargo customers greater access to its global network along key trade...