Global Stocks: Gulf sovereign wealth funds were built for a rainy day. This may be it

For decades, the Gulf's sovereign wealth funds have preserved and amplified the riches from oil and gas, ​investing in ...

Gulf sovereign wealth funds were built for a rainy day. This may be it.

For decades, the Gulf's sovereign wealth funds have preserved and amplified the riches from oil and gas, investing in overseas assets and international markets to create a $5 trillion pot for a rainy ...

SEDEMAC Mechatronics IPO Day 3: Issue booked 1.23x so far. Check GMP, review. Apply or avoid?

SEDEMAC Mechatronics IPO, valued at ₹6,000 crore, runs from March 4 to March 6. The firm secured ₹326 crore from anchor ...
BusinessTech

Johann Rupert’s company selling UK business for R65 billion

Johann Rupert-led Richemonth is selling its UK insurance business in a deal worth R65 billion, which should add to the group's already massive pile of cash.

High multiples, long-term pitch: Does SEDEMAC IPO justify its price tag?

SEDEMAC Mechatronics IPO: Technology-driven automotive electronics firm SEDEMAC Mechatronics has received a mixed response from brokerage houses ahead of its initial public offering (IPO), which opens ...
Emirates News Agency

Awqaf Abu Dhabi signs AED100 million agreement with LuLu Group International

The Endowments and Minors’ Funds Authority – Awqaf Abu Dhabi has signed a Memorandum of Understanding with LuLu Group ...

UAE: Lulu Group to support orphans through Dh100m projects on Awqaf Abu Dhabi’s land

Discover how new pact that follows Yusuff Ali’s Dh150m donation to Mother of Nation Endowment for Orphans will improve quality of life for orphans ...