ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, chaired the UAE Cabinet meeting at Qasr Al Watan, Abu Dhabi, in the presence of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance; HH ...

ABU DHABI / WAM ADQ and International Holding Company (IHC) announced on Monday their intention to create the region’s largest multi-asset class investment manager, to be headquartered in Abu Dhabi. Upon its launch, the investment manager will manage a portfolio of assets from ADQ’s Alternative Investments platform, Abu Dhabi Growth Fund (ADG) and IHC as well as fresh capital from ...

ABU DHABI / WAM Presight AI Holding, a G42 company and a big data analytics company powered by artificial intelligence (AI), on Monday announced its intention to carry out an initial public offering (IPO) and subsequently list its shares on the Abu Dhabi Securities Exchange’s (ADX) first market. The UAE Securities and Commodities Authority approved the Company’s application for the ...

ABU DHABI / WAM AD Ports Group and SEG Enera Group, one of the multisectoral holding companies in Uzbekistan, on Monday announced the formation of a new joint venture, ADL-Ulanish, that will provide end-to-end global logistics services across the Republic of Uzbekistan. Through the new joint venture enterprise, AD Ports Group will bring its cutting-edge expertise in global supply chain ...

DUBAI / WAM Dulsco Group has announced on Monday that it has successfully acquired Advance Global Recruitment Ltd (AGR), a leading energy recruitment firm based in Edinburgh. With offices in Scotland and the UAE and clients across 70 countries, AGR brings a wealth of specialist expertise in oil, gas, and renewables recruitment to Dulsco Group. This acquisition strengthens Dulsco Group’s ...

BLOOMBERG Ukraine’s armed forces said Russian troops continue to pursue an attempt to cut off the besieged eastern city of Bakhmut. Kremlin forces are on the offensive along five axes in the east, including near Bakhmut, the Ukrainian General Staff said over the weekend. Bakhmut’s deputy mayor said Russian attacks are preventing Ukrainian troops from reaching residents who want to ...

BLOOMBERG At least five people were killed in fighting between Azerbaijani troops and ethnic Armenian law enforcement in the breakaway region of Nagorno-Karabakh, the area’s deadliest skirmish in more than six months. Both sides blamed each other for provoking the incident, which left two Azerbaijani soldiers and three police officers from the self-declared Nagorno-Karabakh Republic dead. The latest escalation came ...

BLOOMBERG A Pakistan court rejected opposition leader Imran Khan’s petition to cancel an arrest warrant in the latest twist in a legal case that has raised political tensions in the country that’s struggling to shore up finances and avert a default. The former premier had filed an application to the lower courts in Lahore and Islamabad on Monday morning to ...

BLOOMBERG Japan and South Korea signaled a breakthrough to end a feud that had disrupted ties on everything from trade to security, drawing praise from President Joe Biden as he seeks to convince the two US allies to help counter growing Chinese influence in Asia. South Korean President Yoon Suk Yeol said on Monday he hoped to “enter a new ...

BLOOMBERG One of the biggest questions for investors over the past year has been when Americans will pull back on spending and trigger a recession. In the fourth quarter, that didn’t happen as retailers and brands exceeded expectations. But their results and forecasts raised a bunch of red flags for the year ahead. After the highest inflation in a generation, ...