Wednesday 24 January 2018

Rasmala acquires two logistics units in Germany

Rasmala, a leading regional investment bank based in Dubai, UAE, said it has acquired two logistics facilities in Germany for $185 million through its asset management subsidiary, Rasmala Investment Bank. The first facility is a major new Amazon logistics centre spanning 88,000 s


3 global firms join ADGM aviation hub

Abu Dhabi Global Market (ADGM) is in the process of licensing three aviation leasing companies - Airborne Capital Limited, Stellwagen Group and International Airfinance Corporation (IAFC).    The addition of these prominent companies to ADGM’s aviatio


EU removes UAE from ‘'uncooperative tax havens’ list

The UAE Ministry of Finance has welcomed the European Union’s decision to remove the UAE from its list of uncooperative tax havens, in recognition of the transparent procedures the Emirates has been adhering to locally and internationally.   Younis Haji Al


Saudi Arabia unveils benchmark platform at WEF

Saudi Arabia has unveiled a first look at the Kingdom's unique data tool for measuring its performance trajectory in relation to other nations at the ongoing World Economic Forum (WEF) in Davos, Switzerland. The International Performance Hub (IPH) – an interactive platf


CEO optimism booms; jobs growth likely

A record number of CEOs are optimistic about the economic environment worldwide, at least in the short term, with over half of them expecting headcount to increase in their companies.    That’s some of the key findings of PwC’s 21st survey of al


Abu Dhabi to hold investment roadshows in India

Abu Dhabi Investment Office will host the Abu Dhabi Week in India from February 5 to 9 in New Delhi and Mumbai to showcase multiple investment opportunities and to promote local industries and services in the UAE capital. Abu Dhabi Week in India aims to foster dialogues, exchange


Global growth forecast revised up; to hit 3.9pc, says IMF

Global economic activity continues to firm up with global output estimated to have grown by 3.7 percent in 2017, which is 0.1 percentage point faster than projected in the fall and ½ percentage point higher than in 2016, said IMF's World Economic Outlook Update. 


NMC Health announces $200m new acquisitions

UAE healthcare operator NMC Health has announced two new acquisitions worth over $200 million and also the completion of new operating and management (O&M) contract as the company moves to expand across the Middle East. Among the acquisitions are a 70 per cent stake in CosmeS


Visa appoints new regional president

Visa has appointed Andrew Torre as regional president for its Central and Eastern Europe, Middle East and Africa (CEMEA) region, based in Dubai.    Torre, who previously led Visa’s Sub-Saharan Africa business, will now oversee all of Visa’s oper


‘Vital for Bahrain firms to assess VAT impact’

It is vital that organizations in Bahrain evaluate the impact of value-added tax (VAT) on their operations and take measures to ensure a smooth roll-into VAT throughout the whole services’ supply chain, said an industry expert. Jamal Fakhro, managing partner of KPMG in Bahr

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