Monday , July 23 2018


Shuaa Capital, National Bonds sign deal to launch JV in Saudi

Dubai / WAM SHUAA Capital, the UAE’s premier integrated financial services firm, and National Bonds, a leading savings and investment company, have announced plans to launch a joint venture in the Kingdom of Saudi Arabia. A Memorandum of Understanding (MoU) was signed recently by both parties detailing their commitment to ...

Read More »

Xi, Modi hold bilateral talks in China, agree to improve ties

Bloomberg Chinese President Xi Jinping and Indian Prime Minister Narendra Modi committed to continue improving ties between Asia’s most populous countries in a bilateral meeting on the sidelines of a summit in China. Xi was hosting leaders of the Shanghai Cooperation Organization (SCO) in the coastal city of Qingdao over ...

Read More »

Indian yoga guru, billionaire to launch app to rival WhatsApp

Bloomberg After hastily withdrawing their new messaging app amid glaring security flaws, an Indian billionaire and his penurious yoga guru partner are about to have another go at it. Acharya Balkrishna, who collaborated with celebrity yogi Baba Ramdev to build an Indian consumer goods empire, plans a formal release of ...

Read More »

Argentina wins $50bn in IMF backing to bolster economy

Bloomberg Argentina secured a $50 billion stand-by arrangement from the International Monetary Fund to help restore investor confidence as the government takes aim at double-digit inflation and a widening budget deficit. The rescue program’s size, which would run for 36 months, is the largest ever in IMF history though it ...

Read More »

Broadcom’s chips for data centers offset smartphone weakness

Bloomberg Broadcom Inc. reaffirmed its revenue forecast for the current period and reported profit that beat estimates, indicating robust sales of chips used in data-center networks are helping to make up for lackluster demand in the smartphone business. Revenue will be about $5.05 billion, plus or minus $75 million, in ...

Read More »

Shurooq diversified portfolio of projects hits $2bn

Sharjah / Emirates Business Over the past nine years, Sharjah Investment and Development Authority (Shurooq) has accrued a portfolio of completed and ongoing projects worth AED 7.6 billion ($2.07 billion) extending across a total area of 11.74 million square metres. Following the Emiri decree No.2 to establish Shurooq, issued by ...

Read More »