BLOOMBERG  The slump in dealmaking cut pay for investment bankers at almost every level of seniority in London last year, more evidence of the global slowdown in the sector. The highest tier of vice presidents made 13% less, and all but the most junior associates saw their total compensation fall, according to a survey of about 250 bankers by global ...

BLOOMBERG  Bain Capital and Carlyle Group Inc are among potential bidders for a controlling stake in Gautam Adani’s shadow bank, according to people familiar with the matter, as the Indian billionaire looks to conserve cash and focus on core businesses. The Adani Group is working with an adviser to look for buyers for Adani Capital after an initial public offering ...

DUBAI / WAM Dubai Investments and E20 Investment, an Abu Dhabi-based agribusiness investment company, have signed a memorandum of understanding (MoU) to develop 3,750 Ha of agricultural land in Angola, harnessing the potential of the country’s agricultural sector for sustainable growth and economic development. E20 Investment, specialises in investing in operating farms and processing facilities across the globe, with a ...

ABU DHABI / WAM Edge Group PJSC, one of the world’s leading advanced technology and defence groups, announced the acquisition of a 100% stake in Etimad Holding LLC (Etimad), a technology solutions and services company with a focus on security systems solutions, systems integration, projects fulfilment, and execution in the fields of border security, law enforcement, critical infrastructure, urban management, ...

DUBAI / WAM The Ministry of Finance (MoF) announced five major strategic transformational projects to support its ongoing endeavours to implement national priorities and improve government financial work with the aim of further enhancing future readiness. These projects align with the ‘We the UAE 2031’ vision, which represents a national plan through which the UAE will continue its development path ...

ABU DHABI / WAM Abu Dhabi Catalyst Partners (ADCP), a joint venture between Mubadala Capital and Alpha Wave Global, has made a strategic investment in Measa Partners Ltd, an Abu Dhabi-based investment company founded by Al Maskari Holding to attract global institutional investors to participate in the Middle East — Africa —Southern Asia (Measa) growth story. ADCP’s equity investment is ...

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday visited SeaWorld Yas Island, Abu Dhabi, the first marine life theme park in the Middle East and the first SeaWorld park outside the United States. During the visit, His Highness Sheikh Mohammed bin Rashid ...

VIENNA / WAM The United Arab Emirates signed a finalised air transport services agreement with the Republic of Austria at the Ministry of Foreign Affairs in the capital, Vienna. The agreement, which aims to strengthen air transport relations between the two countries, was signed on behalf of the UAE by Hamad Al Kaabi, UAE ambassador to the Republic of Austria, ...

DUBAI / WAM In implementation of a UAE cabinet resolution, the pool of private sector establishments subject to Emiratisation targets will be expanded to include companies and individual establishments with 20 to 49 employees in specific economic activities, the Ministry of Human Resources and Emiratisation (MoHRE) announced. The decision aims to increase the number of Emiratis employed in targeted establishments ...

DUBAI / WAM Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (Measa) region, on Tuesday announced it is the first financial centre in the region to enter into an agreement with the Alternative Investment Management Association (Aima), the alternative investment industry’s pre-eminent voice globally, representing over 2,100 corporate members with ...