News

  Bloomberg Vietnam has landed a $15.5 billion partnership with funders led by the European Union and the UK to help finance its transition away from coal. The Southeast Asian nation will receive half of the allotted package of grants and loans from country donors, with the other 50% coming from a group of investors known as Glasgow Financial Alliance ...

Bloomberg India is expected to see a steady flow of small-to-mid-sized deals next year as investors grow wary about large listings after the disastrous performance of some major technology initial public offerings. Several of the country’s major startups shed billions of dollars in value since their listing as concerns over high valuations and rising interest rates globally dented demand for ...

  Bloomberg Real estate investment trusts (REITs) in Singapore will remain attractive to investors amid market volatility, according to DBS Group Holdings Ltd. REITs “offer resiliency given their attractive and growing distribution yields” as investors are turning defensive, Eng-Kwok Seat Moey, group head of capital markets at DBS, said. Interest rates have climbed globally, pressuring returns for some investments. While ...

  Abu Dhabi / WAM The Federal Decree-Law No. (9) of 2022 regarding domestic workers will come into force as of December 15, said the Ministry of Human Resources and Emiratisation (MoHRE) on Wednesday. The decree-law establishes a comprehensive framework to strengthen and regulate labour relations for the recruitment and employment of the domestic workers in the UAE and defines ...

  Abu Dhabi / WAM AD Ports group signed two major agreements with the government of Kyrgyzstan to promote trade and strengthen economic ties with the Central Asian nation. Under the first agreement, the Ministry of Economy and Commerce has entered negotiations with AD Ports group to secure more than 300,000 square metres of land within the Khalifa Economic Zone ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to His Majesty King Hamad bin Isa Al Khalifa of Bahrain, on the 23rd anniversary of his accession to the throne. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, ...

  Abu Dhabi / WAM In line with the open data policy followed by the UAE, the Ministry of Finance announced on Wednesday the results of the preliminary government finance statistics report for the third quarter (Q3) of 2022, based on the standards of the Government Finance Statistics Manual issued by the International Monetary Fund. The preliminary results showed an ...

  Abu Dhabi / WAM Aldar Properties (Aldar) and Mubadala Investment Company (Mubadala), an Abu Dhabi sovereign investor, have partnered to acquire Al Maryah Tower, a prime Grade A commercial office property located on Al Maryah Island, Abu Dhabi’s premium lifestyle destination and international financial centre. The transaction reflects Mubadala’s collaborative approach to driving the growth of Abu Dhabi’s real ...

  Abu Dhabi / WAM GPRC Summit 2023 will host discussions on Governance, Risk and Compliance (GRC), integrated with performance and strategy. GPRC Summit 2023, organised by Ejtemaat Events and hosted by Corporater – a global software company that enables organisations worldwide to manage their business with integrated GPRC (Governance, Performance, Risk and Compliance) solutions – will bring together GRC ...

  Abu Dhabi / WAM Adnoc Drilling Company PJSC (Adnoc Drilling) on Wednesday announced that it has signed an agreement to acquire an additional two premium high-specification Gusto MSC CJ46-X100-D design offshore jack-up drilling units. The rigs have a combined cost of $200 million. The acquisition is part of the company’s fleet expansion and growth strategy that is a key ...