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Reuters

Geopolitical risks top concern for global family offices: UBS survey

Finance

22 May, 2024

Geopolitical risks top concern for global family offices: UBS survey

A major geopolitical conflict is the top risk for global family offices in both the near- and medium-term, while North ......

Paytm slides deeper into losses after RBI order, warns of more downside

Finance

22 May, 2024

Paytm slides deeper into losses after RBI order, warns of more downside

Paytm posted a wider loss in the fourth quarter on Wednesday and warned of further financial impact in the current ......

First Abu Dhabi Bank in advanced talks to buy Turkish lender for $8 bn

Finance

22 May, 2024

First Abu Dhabi Bank in advanced talks to buy Turkish lender for $8 bn

First Abu Dhabi Bank (FAB) is in advanced talks to acquire Turkish conglomerate Koc Group's 61.2% stake in Istanbul-based lender ......

Sensex, Nifty end flat after recovering from lows; metals provide support

Finance

21 May, 2024

Sensex, Nifty end flat after recovering from lows; metals provide support

Indian shares recovered to close flat on Tuesday, with gains in metal stocks offsetting declines in other sectors following top ......

IBM inks deal with Saudi to train AI system in Arabic, to unveil new models

TMT

21 May, 2024

IBM inks deal with Saudi to train AI system in Arabic, to unveil new models

International Business Machines on Tuesday said that it will release a family of artificial intelligence models as open-source software, and ......

Saudi's SMASCO sets issue price for $240 mn IPO

Finance

20 May, 2024

Saudi's SMASCO sets issue price for $240 mn IPO

Saudi Arabian staffing company SMASCO announced its final IPO price at 7.50 riyals per share via the Saudi Exchange on ......

Global venture capital investment in crypto picks up after long decline

TMT

20 May, 2024

Global venture capital investment in crypto picks up after long decline

Global venture capital investment in crypto companies rose to $2.4 billion in the first three months of 2024, data showed ......

PAG raises $550 mn for Asia renewable energy fund from Mubadala, other investors

Infrastructure

20 May, 2024

PAG raises $550 mn for Asia renewable energy fund from Mubadala, other investors

Asia-Pacific investment firm PAG said on Monday it had raised $550 million for its first renewable energy fund, which focuses ......

ADNOC picks up minority stake in NextDecade's Rio Grande LNG unit

Infrastructure

20 May, 2024

ADNOC picks up minority stake in NextDecade's Rio Grande LNG unit

Abu Dhabi National Oil Company (ADNOC) on Monday said it has acquired an 11.7% stake in phase 1 of NextDecade's Rio ......

Mubadala's FY24 assets under management top $300 bn

General

17 May, 2024

Mubadala's FY24 assets under management top $300 bn

Abu Dhabi sovereign wealth fund Mubadala's assets under management rose 9.5% last year to 1.11 trillion dirhams ($302.2 billion), it ......