These are the world's 30 best countries for billionaires
There were over 2,300 billionaires worldwide in 2016, according to the Wealth-X Billionaire Census. Most of them live in…
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Mubadala reports profit hike post IPIC merger
Abu Dhabi’s state sovereign wealth fund Mubadala Investment Company has reported a net profit of AED4.2 billion ($1.14 billion) for…
JP Morgan, Sovereign Wealth Fund Raise €1.3 Billion Bond to Fund Naturgas Deal
A group led by JP Morgan Asset Management including sovereign wealth fund Abu Dhabi Investment Council has raised a €1.3…
Saudi Arabia's regulator set to ease share listing, M&A with new rules
Saudi Arabia plans to unveil regulations to make share listings easier and encourage mergers and acquisitions among publicly traded companies…
Remittances by foreign workers in UAE reaches Dh78 billion
Indian workers continued to lead as the most active nationality in terms of remittances, which reached Dh14.64 billion. The…
Global HNWI wealth hits $63.5T
The number of millionaires in the world rose by nearly eight per cent in 2016 to an all-time high of…
Kuwait’s development plan moving on fast-track: NBK
Implementation of Kuwait’s development plan has been moving more rapidly in the last few years. The country’s needs are…
UAE and Oman rise, other Gulf states fall in HSBC expat ranking
The UAE has climbed two places to enter the top 10 of HSBC’s 2017 Expat Explorer Survey but the majority…
Allianz Global Wealth Report: Recovery in turbulent times
Today, Allianz unveiled the eighth edition of its "Global Wealth Report", which puts the asset and debt situation of households…
Nasdaq Dubai welcomes listing of $1.25bln Sukuk by Islamic Development Bank
Nasdaq Dubai has welcomed the listing of a US$1.25 billion Sukuk issued by the Islamic Development Bank, IDB. The…
Calypso lands IT overhaul deal with Invest AD
Abu Dhabi Investment Company (Invest AD) is implementing new treasury and asset management software from Calypso, front-to-back office. This…
Dubai tycoon Alabbar, MEVP launch $250m start-up fund
Dubai tycoon Mohamed Alabbar and Middle East Venture Partners (MEVP) on Wednesday announced the launch of its third fund with…