Thurner has also been prohibited from holding any executive or employee position in an authorised person, designated non-financial business or profession, reporting entity, or domestic fund. As has been the case with…
Tag: funds
Saudi Arabia’s agricultural funds boosts food sector, $533m loan
Dubai: Saudi Arabia’s agricultural development fund (ADF) approves $533.33 million (Dh1.9 billion) in loans and credit facilities to boost food sustainability and security across the country. This funding will support various agricultural…
Oman sovereign fund’s assets rise to $50b in 2023
The fund contributed $2 billion (Dh7 billion) to the state budget last year, bringing its total contributions to over $15 billion (Dh55 billion) since 2016. These contributions were financed through profits and…
Dubai homeowner associations can use emergency funds to take on repair works from April 16 rains
All of the leading communities and buildings have emergency or reserve funds in place, where a portion of the service charges collected from property owners are placed. These are supervised by RERA…
UAE rains: Dubai's homeowners, property firms rush to tap funds on damage repairs
Dubai: Homeowners’ associations and property management companies in Dubai have called emergency meetings for immediate assessments on damages sustained to their residences and residential buildings. These meetings will also address how available…
Saudi PIF ranks 2nd among GCC wealth funds
This signifies that the organization has surpassed Kuwait’s sovereign wealth fund in this regard, now trailing only behind the Abu Dhabi Investment Authority in the Gulf region. The ascent was additionally strengthened…
Investcorp forms $526M venture with leading sovereign wealth funds for US industrial real estate
Mohammed Alardhi, Executive Chairman, Investcorp, said, “This commitment by two of the world’s most reputable sovereign wealth funds underscores the deep trust in our Real Estate platform and teams. We remain strategically…
Barjeel Geojit gets SCA license to manage investment funds in the UAE
Barjeel Geojit is also supporting a SCA initiative aimed at expanding local opportunities in line with the broader vision of ‘We the UAE 2031’. The company expressed its commitment to contribute to…
ADNOC Drilling got ample funds and rigs to make things happen: CFO
Dubai: ADNOC Drilling’s just had one great year. There’s been the top- and bottom-line numbers, weighing in with $3.05 billion and $1.03 billion. (Needless to say, both came from double-digit year-on-year gains.)…
India property: New rule will make it easier for small investors to buy into real estate funds
REIT regulations were introduced in India in September 2014. However, these financial instruments have until now underperformed due to a stagnant commercial property market. Moreover, the Covid pandemic made the situation worse…