CIC Sells Winchester House in London for $316 Million
China’s sovereign wealth fund – China Investment Corporation (CIC) – has sold Winchester House in the City of London – its first direct investment in the UK real estate market – at a loss, indicating it could be ditching assets amid rising geopolitical risks.
Swedish Pensions Agency Suspends Three Eastern European Funds in Sweden
The Swedish Pensions Agency (SPA) on Monday announced that three Eastern European funds that were suspended due to the war in Ukraine have now been deregistered from its premium pension fund market.
Arada Launches ‘Sarai’ Luxury Mansions in Sharjah
Arada, the Sharjah-based real estate company has launched ‘Sarai,’ a collection of ultra-luxury mansions exclusively designed, in Masaar, Sharjah’s forest community.
Japan’s Kirin Holdings to Acquire Blackmores Limited for $1.24 Billion
Kirin Holdings Co Ltd of Japan will buy Australia’s Blackmores Ltd for $1.24 billion, operating a natural health business in the Asia-Pacific region, the two companies announced on Thursday.
Global Pension Systems Ill-Prepared to Deal with Demographic Changes
Life expectancy has declined in many countries due to COVID-19 pandemic, but pensions systems across the world has remained ill-prepared to deal with demographic changes as the ageing of societies continues to accelerate, according to a new report from Allianz.
Annual Investment Meeting Highlights Digital Transformation, Financial Inclusion and Sustainable Finance in the Arab World
Abu Dhabi, UAE, May 2023: The 12th edition of The Annual Investment Meeting (AIM) hosted interactive and insightful discussions on digital transformation, financial inclusion and sustainable finance in the Arab world at the “Future Finance Forum,” which took place at the Sustainability Room of the Abu Dhabi National Exhibitions Centre. The opening ceremony featured welcome […]
Annual Investment Meeting witnesses the launch of UNCTAD World Investment Forum 2023
James Zhan, Executive Director, UNCTAD World Investment Forum, announced the launch of ‘UNCTAD World Investment Forum 2023’ at the 12th edition of the Annual Investment Meeting at the Abu Dhabi National Exhibitions Centre. Taking place under the theme ‘Investing in sustainable development’, the forum, which will be held in October will bring together government leaders, global CEOs and other investment stakeholders.
Humanity International Investments: DRC and UAE to Collaborate on Economic Cooperation, Investment, and Infrastructure as discussed at Annual Investment Meeting
The 12th edition of the Annual Investment Meeting (AIM) announced today that the Democratic Republic of the Congo (DRC) and the United Arab Emirates will collaborate on various projects focused on economic cooperation, investment, and infrastructure in addition to promoting humanitarian assistance efforts.
Fintech startups in The UAE
The United Arab Emirates has become a hub for fintech startups due to a tech-savvy population and supportive government policies. With the ADGM open banking framework and regulation for crypto assets activities, UAE regulators are keeping up with technological advancements while ensuring data privacy and protection. The challenges for foreign fintech companies looking to operate in the UAE include data processing restrictions and obtaining a local license, but with the right partnerships, these hurdles can be overcome to tap into the immense potential of emerging markets.
Overall, the UAE remains a globally competitive country in fintech, with regulators committed to staying ahead of the curve.
Baltic Wind Connector Project To be Developed Between Germany and Estonia
50Hertz, the German electricity transmission system operator (TSO), and its counterparts from Estonia, Latvia and Lithuania on Tuesday have agreed to jointly develop a hybrid submarine cable project “Baltic WindConnector” in the Baltic Sea between Estonia and Germany.
