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ABU DHABI S FINANCIAL SERVICES AUTHORITY
Gulf countries act as propellants for SpaceX IPO as billions flow inSaudi Arabia's Public Investment Fund and Kuwait Investment Authority have each placed orders for shares worth $1 billion to $5 billion, th...- India, UAE move to expand strategic crude reserves; Abu Dhabi-linked oil storage may rise to 30 mln barrelsIndia and the UAE are boosting energy security. Plans are underway to significantly expand India's strategic oil reserves with UAE-linked c...
- ADIA to sell 2.3% Lenskart stake in Rs 1,944 crore block dealAbu Dhabi Investment Authority is set to divest a 2.3% stake in Lenskart for approximately Rs 1,944 crore via a block deal. This follows So...
- ADIA to sell Rs 1,944 crore Lenskart stake days after SoftBank exitAbu Dhabi Investment Authority (ADIA) is set to divest up to 2.3% of its stake in eyewear retailer Lenskart for approximately Rs 1,944 cror...
- Paramount, Warner Bros deal under EU subsidy scrutiny, decision due July 14A massive $110 billion deal for Warner Bros Discovery by Paramount Skydance Corp faces European Union scrutiny. Gulf sovereign wealth funds...
- 'Hands, legs were shaking': Rs 78,00,00,000 lottery win for Nepali Security Guard in UAE, he plans to build a house and own Mahindra TharA Nepali security guard in Abu Dhabi has won a Dh30 million lottery jackpot. Tayab Khan and four friends pooled money for the winning ticke...
- Vedanta readies $5.2 billion refinancing after rating upgradesAnil Agarwal's UK-based Vedanta Resources is preparing to refinance $5.2 billion of dollar-denominated bonds and loans as it seeks to lower...
- Global Markets: UK financial regulator softens proposed change to UK money market fund rulesIn May the government said it would impose tougher rules on money market funds, which were hit by heavy redemptions during a COVID-19-ind...
- Middle East conflict fuels airline bankruptcy risks, more mergers likely: IATASoaring jet fuel prices due to Middle East conflict are pushing budget airlines towards bankruptcy and industry consolidation, according to...
- Qatar Airways to increase operations to Dubai with five daily flightsQatar Airways announced to increase its capacity between Qatar and the United Arab Emirates (UAE) by gradually expanding frequencies betwee...
- Gas engine maker Innio valued at $23 billion as shares jump in Nasdaq debutInnio, the innovative gas engine manufacturer, made a spectacular entrance on the Nasdaq, with its market valuation soaring past $23 billio...
- SoftBank snags Rs 2,873 crore from Lenskart stake sale, clocking 7x returnSVF II Lightbulb Cayman, a SoftBank affiliate, sold 5.65 crore shares, or 3.25%, in Lenskart for Rs 2,873 crore through a block deal on Wed...
- Indian envoy visits mortuary, injured nationals after Kuwait airport attack kills compatriotIndia's Ambassador to Kuwait visited the mortuary and hospitals after an Indian national was killed and others injured in an attack on Kuwa...
- Kotak Alts raises $1 billion through 14th real estate fundKotak Alts has successfully raised one billion dollars for its fourteenth real estate fund. The Abu Dhabi Investment Authority anchored the...
- Abu Dhabi imposes rent freeze amid conflict; experts rule out similar move in DubaiAbu Dhabi has frozen property rents for residential, commercial, and industrial spaces. This measure aims to provide relief during the ongo...
- ADNOC trading chief Philippe Khoury flags August as tipping point for oil prices if Iran war supply crisis persistsOil prices may surge significantly in August claimed ADNOC's chief. This could happen if demand increases and the Iran war supply issues co...
- KRN Heat Exchanger and Refrigeration raises Rs 350 crore via QIPKRN Heat Exchanger and Refrigeration Ltd successfully raised Rs 350 crore via a qualified institutional placement, attracting significant i...
- Crisis as credibility test: How the UAE’s response to the Iran-Israel conflict could shape its next decade as a global residency hubThe UAE's promise of a safe haven faces its biggest test amid the Iran conflict. Despite heightened tensions, daily life remains stable, sh...
- Indian Oil Corp buys 5 million barrels of crude from West Africa, Middle East, sources sayIndian Oil Corporation has secured a significant crude oil purchase. The state refiner bought five million barrels from West Africa and the...
- Nomura Asset, Capital Group, others buy 5.3% stake in Premier Energies for Rs 2,291 crGlobal financial institutions and Indian mutual funds have bought a 5.3 percent stake in Premier Energies. The deal involved promoters sell...
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