UAE plans $23bn investment to develop airports

The UAE is set to invest nearly AED85bn ($23.16bn) in airport development and expansion projects in a bid to handle more than 300 million travellers per annum. There are 14 airports, airstrips and airfields served by 113 airlines in the UAE, with total yearly takeoff and landings exceeding 540,000. At present, AED30bn ($8bn) has been […]

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Shree Cements incorporates two investment firms in Dubai

The two incorporated companies will act as investment companies for acquiring controlling stake in another companies in UAE, Shree Cements said in a regulatory filing. Shree Cements┬átoday informed that it has incorporated two step-down subsidiaries in Dubai International Financial Centre, which would act as investment companies for the group. Shree Global FZE, a wholly-owned subsidiary […]

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Dubai International Digital Asset Exchange (DBEX) Launches With Investment Round

Dubai International Digital Asset Exchange (DBEX) Completes Pre-A Round Of Investment DBEX, Dubai International Digital Asset Exchange, has announced completion of a pre-A round of investment from 19 leading global and Chinese investors including Sino-Burmese Fund, Hanfor Capital Management and Shangshan Wealth and Investment. The investments marks an important milestone for DBEX, as it forges […]

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African pension funds look to Dubai to invest capital

These investment pools are opportunities to attract stable long-term capital In Africa, there has been the emergence of an ecosystem around pension funds. A recent institutional investor study estimated that the 10 largest funds in Africa held a combined $310 billion in assets. This has transpired for a number of reasons, not the least of […]

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