The Abu Dhabi Investment Authority (ADIA), one of the largest sovereign wealth funds globally, has divested 50% of its stake in Policy Expert, a UK-based insurance technology firm. The buyer is Cinven, a leading European private equity firm, which has acq...

Abu Dhabi’s Etihad Airways is targeting a stock market debut in 2025, according to sources familiar with the plans. This move, if realized, could mark the first initial public offering (IPO) of a major Gulf airline and aligns with the UAE’s strategic push...

Oil prices are expected to hover between $60 and $70 per barrel as major global commodity traders Gunvor and Trafigura project a continued pressure on the market. This forecast, announced during a conference, reflects persistent concerns over sluggish dem...

Abu Dhabi National Oil Company (Adnoc) has entered into a significant 15-year agreement with Indian Oil Corporation (IOC), aimed at supplying 1 million tonnes per year of liquefied natural gas (LNG) to India. This long-term deal highlights the strengtheni...

ASK Private Wealth, the advisory and family office arm of the Blackstone-backed ASK Asset and Wealth Management Group, is targeting non-resident Indians (NRIs) and overseas citizens of India (OCIs) with a new fund aimed at raising $100 million. The launch...

Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan is scheduled to travel to India for a state visit on Sunday, September 8, where he will engage in high-level talks with Prime Minister Narendra Modi in New Delhi. The visit marks a signi...

Gulf Cooperation Council (GCC) banks are expected to maintain robust performance through 2024, according to a new report by S&P Global Ratings. Despite uncertainties and potential economic disruptions, these financial institutions are well-positioned...

The UAE Cabinet has formally adopted a new National Strategy for Anti-Money Laundering, Countering the Financing of Terrorism, and Proliferation Financing (AML, CFT, and CPF) for the period 2024-2027. This strategic initiative, which received approval fro...

Virgin Atlantic Airways is set to expand its global footprint with a new service to Riyadh, Saudi Arabia, marking its first direct route to the Kingdom. This move comes amid a surge in travel demand as Saudi Arabia continues to emerge as a significant pla...

UAE bonds are experiencing their most extended rally in three years, as investors flock to high-quality assets amid global economic uncertainties. This upward trend in bond prices highlights a significant shift towards safer investments in a volatile fina...

The United Arab Emirates has introduced its inaugural passenger railway stations, marking a significant milestone in the nation’s transportation infrastructure. The stations are part of the UAE’s ambitious plan to develop a comprehensive railway network t...

Bahrain has unveiled a new tax regulation requiring large multinational corporations to pay a minimum tax rate of 15%, effective from January 2025. This policy marks a significant shift in the Gulf nation's economic strategy, aiming to align with global t...

SpiceJet, one of India's prominent low-cost carriers, is facing intensified oversight from the country’s aviation regulator, the Directorate General of Civil Aviation (DGCA). This move follows a series of operational mishaps that have raised concerns abou...

Passengers of SpiceJet, India's budget airline, faced an unexpected hurdle at Dubai International Airport after being denied check-in due to unpaid dues by the airline. The move forced SpiceJet to operate flights without passengers, intensifying concerns...

The United Arab Emirates has intensified its scrutiny of the legal battle surrounding Pavel Durov, the founder of the messaging app Telegram. The ongoing case has sparked significant international attention, highlighting broader concerns about digital pri...