NEW YORK / WAM Ares Management Corporation, a leading global alternative investment manager, and Mubadala Investment Company, a global sovereign investor, on Wednesday announced the formation of a joint venture (JV) to invest in global credit secondaries opportunities. The joint venture, anchored by Mubadala, will initially aim to deploy approximately $1 billion as it seeks to capitalise on the anticipated ...

DUBAI / WAM Under the directives of Her Highness Sheikha Hind bint Maktoum bin Juma Al Maktoum, wife of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and Chairperson of the Board of Trustees of UAE Food Bank, the UAE Food Bank has initiated a campaign to provide ...

ABU DHABI / WAM Shareholders of Waha Capital has announced approving a cash dividend of 8 fils per share for the 2022 financial year at the company’s annual general meeting (AGM). At the AGM, shareholders also authorised the company to contribute up to 1% of its net profit for the financial year ended on December 31, 2022 towards CSR initiatives. ...

ABU DHABI / WAM ADQ, an Abu Dhabi-based investment and holding company, announced the operational phase of its cutting-edge AgTech Park ecosystem with the launch of a vertical farming project in partnership with Zero, a high-impact technology company headquartered in Italy. The Zero project is the first of several controlled environment agricultural concepts that will be housed in the AgTech ...

ABU DHABI / WAM His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Member of Abu Dhabi Executive Council and Chairman of Abu Dhabi Executive Office, met with members of the Abu Dhabi Youth Council’s 5th cycle (2021-2023). His Highness was accompanied by Saif Saeed Ghobash, Secretary-General of the Abu Dhabi Executive Council. During the meeting, HH Sheikh Khaled reviewed ...

BLOOMBERG The European Union (EU) will put forward rules outlining how some aircraft can be considered climate-friendly under the region’s green rulebook, offering a roadmap towards a cleaner future for an industry that’s traditionally had a huge carbon footprint. The commission, the bloc’s executive branch, will propose adding aircraft manufacturing and leasing to the bloc’s green taxonomy if they meet ...

BLOOMBERG IndiGo, India’s top airline with an operational fleet of 302 aircraft and an order book of nearly 500 jets, has ample capacity to fuel its growth as well as take on intensifying competition, according to its top executive. “IndiGo is in a very good spot,” Pieter Elbers, chief executive officer of InterGlobe Aviation Ltd said in an interview at ...

BLOOMBERG GameStop Corp reported a surprise profit in the fourth quarter and beat analysts’ estimates for revenue, sending the shares soaring about 42% in premarket trading and heading for their biggest intraday move in two years. Net income was $48.2 million, the first profit in two years, and compared with a loss of $147.5 million a year earlier, the Grapevine, ...

BLOOMBERG Virgin Orbit Holdings Inc said it’s targeting “an incremental resumption of operations” after temporarily halting activities in the wake of a failed satellite launch a few months ago that threw the ambitious space program off course. “Our first step will begin on Thursday of this week, when we plan to return a subset of our team to focus on ...

BLOOMBERG Australian banks are “unquestionably strong” with solid capital and liquidity buffers, a senior Reserve Bank (RBA) official said, alleviating fears that stresses in the global financial system could hurt the nation’s big four lenders. “Volatility in Australian financial markets has picked up but markets are still functioning and, most importantly, Australian banks are unquestionably strong,” RBA Assistant Governor Chris ...