BAHRAIN / WAM Investcorp, a Bahrain-based asset manager that counts Mubadala Investment Company as its biggest shareholder, on Monday announced that one of its affiliates has acquired a majority ownership position in KSM Consulting, a leading consulting firm specialising in data analytics, technology and digital transformation, from Renovus Capital Partners, which will continue to maintain a minority stake in KSMC. …
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NEW YORK / WAM At the 59th Session of the Commission for Social Development at the UN, the UAE underscored the importance of digital technologies, universal accessibility, and affordable connectivity to achieve the Sustainable Development Goals and promote social development at the UN. Hessa Tahlak, Assistant Undersecretary of Social Development, reflected on how the UAE has made new and emerging …
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BRASILIA / WAM Saleh Ahmed Al Suwaidi, UAE Ambassador to Brazil, discussed with TarcÃsio Gomes de Freitas, Minister of Infrastructure of Brazil, ways of advancing overall cooperation between the UAE and Brazil, most notably in the infrastructure and investment sectors. They also addressed Brazil’s participation in Expo 2020 Dubai. During the meeting, Al Suwaidi stated that relations between the two …
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Bloomberg UK Chancellor Rishi Sunak plans to introduce new visas for financial technology workers in next month’s budget, part of a package of proposals in a report aimed at boosting the industry in the country, according to newspapers. The fast-track visa program is designed to lure global talent to Britain’s fintech companies and will mirror a similar policy for scientists, …
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Bloomberg Oil fell to the lowest in a week as output slowly resumed in Texas, while margins for processing gasoline surged as Gulf Coast refineries are seen taking weeks to restart operations after the deep freeze. Crude futures in New York plunged $1.28, its biggest decline in dollar terms since late December. Producers including Marathon Oil Corp are using restored …
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Bloomberg Oil held gains after surpassing $60 a barrel for the first time in a year as a cold snap and power crisis took out a third of US crude production. Some 3.5 million barrels a day of American output has been halted, according to traders and industry executives, as a cold blast freezes well operations and cuts power across …
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Bloomberg Oil held gains in New York after rising above $60 a barrel for the first time in a year as a deepening energy crisis in the US disrupted crude production and forced the shutdown of some of the nation’s biggest refineries. As much as 1.7 million barrels a day of oil output has halted and deliveries via pipeline suspended …
Read More »VIENNA / WAM The OPEC Fund for International Development (OFID) has signed a $20 million public sector loan agreement with Kenya to increase regional connectivity, enhance trade and improve the socio-economic welfare of about 1.6 million people. The loan will finance the upgrading of the 90 km Samatar – Wajir Road, a part of the North and North-Eastern Development Initiative …
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BAHRAIN/ WAM Investcorp, a Bahrain-based asset manager that counts Mubadala Investment Company as its biggest shareholder, on Monday announced that one of Investcorp’s affiliates has acquired a portfolio of 13 multi-let industrial assets in South Wales. The acquisition continues Investcorp’s strategy of investing in industrial real estate and represents its first real estate investment in the Welsh market, the company …
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Bloomberg Oil in London climbed for a fourth straight week as efforts to clear an oil surplus are seen holding the market over until demand comes back in force. Global benchmark Brent futures surged the most since early January, while West Texas Intermediate crude flirted with $60 a barrel for the first time in more than a year. Signs of …
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