Browsing: assets

Securities and Commodities Authority (SCA) of the UAE actively enforced a regulation (pdf) since last Sunday, prohibiting onshore banks from promoting or marketing foreign funds to retail investors. This regulation allows only funds registered with the SCA to be marketed in the UAE to retail investors.

International Holding Company (IHC), the Abu Dhabi-based investment giant, disclosed preliminary unaudited financial results for 2023, illustrating a year of noteworthy growth and strategic expansion.

Japanese retail investors are reportedly channeling funds into Indian stocks, anticipating that the South Asian…

IHC’s Board has sanctioned the initiation of transferring 2PointZero, a cutting-edge holding company encompassing diverse and dynamic firms, with plans to AED 100B ($27.2bn) in assets.

Saudi Arabia’s Public Investment Fund (PIF) emerged as the leading global investor among sovereign wealth funds in the previous year, significantly expanding its investment portfolio, as outlined in a new report.

Abu Dhabi’s sovereign investor, Mubadala Investment Company, is concentrating on enhancing its investments in Asia.

WeWork, the office-sharing firm, submitted a Chapter 11 bankruptcy protection request in a federal court in New Jersey. The company stated that it had reached agreements with the majority of its secured note holders and outlined intentions to cut back on “non-operational” leases. The bankruptcy filing pertains exclusively to WeWork’s locations in the United States and Canada. In their initial submission, WeWork revealed debts totaling $18.65B in contrast to total assets amounting to $15.06B.

According to a recent report, the assets managed by sovereign wealth funds (SWFs) in the…

Abu Dhabi Aims to Merge Key Real Estate Assets, Creating AED 44B ($12B) Property Powerhouse…

According to the Central Bank of the UAE (CBUAE), the gross assets of Sharia-compliant banks…