Bloomberg India’s $442 billion asset management industry is finally having to reckon with the passive investing juggernaut. After decades of sluggish growth, the number of accounts invested in index-tracking or exchange-traded funds more than doubled to 5.6 million in the year to April. Passive products now account for nearly a quarter of equity assets under management versus about 16% two ...

Dubai / Emirates Business Deyaar Development PJSC (Deyaar), one of Dubai’s leading property developers and real estate service providers, on Saturday announced the launch of Regalia, a AED 1 billion luxury skyscraper in Business Bay offering a smart and high-end urban lifestyle embodied by royalty and distinction. Regalia will be the tallest tower Deyaar has ever built. The 70-storey premium ...

Dubai / WAM du, from Emirates Integrated Telecommunications Company (EITC), and Wipro Limited, a leading global information technology, consulting and business process services company, on Saturday announced the launch of their new Multi-Cloud Platform. The two companies have partnered to deliver market-leading multi-cloud management and migration capabilities through this platform, which aligns with their aims to simplify and accelerate digital ...

Abu Dhabi / WAM The initiatives launched by the Ministry of State for Federal National Council Affairs (MFNCA) drew an impressive turnout of youth with more than 19,100 young Emiratis from around the country taking part. The MFNCA is working on several initiatives specifically directed at young people and designed to enhance their political awareness and create effective channels of ...

ABU DHABI / WAM Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the emirate of Abu Dhabi, signed a Memorandum of Understanding (MoU) on Saturday with Clalit Health Services, the largest health maintenance organisation in Israel and second largest globally. The MoU aims to pave the way for further cooperation between the two countries ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) explored avenues of cooperation with the Austro-Arab Chamber of Commerce (AACC) to build on existing ties in the field of healthcare and education, in light of the challenges posed by the Covid-19 pandemic. During a webinar titled “Adjusting to New Normal in Education and Healthcare sectors in UAE & ...

Dubai / WAM Dubai’s Roads and Transport Authority (RTA) awarded a contract for improving and widening Saih Al Dahal Road, which connects with Saih Al Salam Road and the Mohammed bin Rashid Al Maktoum Solar Park. The existing single-carriageway road will be replaced by a dual carriageway extending 11 km. “The project will increase the street capacity from an existing ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, attended the inauguration of the “3rd of July Naval Base” located in Gargoub area in the country’s northwest coast, inaugurated by Egypt’s President Abdel-Fattah El-Sisi on Saturday. His Highness Sheikh Mohamed bin Zayed congratulated ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, attended the graduation ceremony of the first batch of a group of entrepreneurs of the Higher Colleges of Technology Startup Development Programme. The programme is a response to an initiative to transform higher education institutions into business ...

Dubai / WAM The initiatives launched by the Ministry of State for Federal National Council Affairs (MFNCA) drew an impressive turnout of youth with more than 19,100 young Emiratis from around the country taking part. The MFNCA is working on several initiatives specifically directed at young people and designed to enhance their political awareness and create effective channels of communication ...