This acquisition follows a collaboration pact signed in Rio de Janeiro earlier this year and is an outcome of the subsequent co-development arrangement between EDGE and the Brazilian Navy. The collaboration is centered on advanced long-range anti-ship missile technology for the MANSUP national anti-ship missile project, with SIATT…
Read MoreThe executive, who has already started at the company, was an early investor and adviser to James Murdoch and Uday Shankar’s Bodhi Tree investment firm, according to his Linkedin page. JioCinema’s parent company, Viacom18, is a joint venture of Indian billionaire Mukesh Ambani’s Reliance Industries, Paramount Global and…
Read MoreIHC Capital Holding subsidiaries have disposed of their investment in Adani Group companies. As part of an “overall portfolio rebalancing strategy”, Green Energy Investment Holding RSC Ltd and Green Transmission Investment Holding RSC Ltd, have “entered into a definitive agreement with a buyer to dispose of its FDI…
Read MoreThe significant increase in institutional investments in local shares is a reflection of the growing confidence in the UAE markets and their future growth prospects. This confidence is driven by the strength of the UAE’s economic fundamentals, the strong performance of the companies operating in the country, and…
Read MoreFinancial markets entered an area of turbulence last week, which started when the Fed’s committee concluded. As expected, the FOMC delivered a ‘hawkish skip’ – they didn’t raise interest rates, but their future projections still include one more hike for 2023, and now only two cuts for 2024,…
Read MoreMUFG Global Markets Research suggests that the Philippine Peso is likely to experience further depreciation in the short term, due in part to the country’s substantial current account deficit and the cautious stance of its central bank. The value of the Philippine peso sharply weakened to an 18-year…
Read More“When saving for retirement, the widely recommended 7-5-3-1 rule is a simple yet super effective rule that will not only enjoy superior returns over the long term, it will help you become a good SIP mutual fund investor,” said Brody Dunn, an investment advisor based in the UAE.…
Read MoreGovernment data indicate there are about 9 million jobs available in the US right now, but you wouldn’t know it from talking to some jobseekers. Their frustration stems from being “ghosted” by employers who, for various reasons, don’t actually intend to fill all of their posted job openings.…
Read More“These startups are keeping up with the rapid digital transformation that started during the pandemic and have continued the momentum,” said Dana Moukhallati, News Editor at LinkedIn, the platform for professional networking. “The UAE is clearly a hub for some of the most diverse and progressive startups.” It’s been…
Read MoreMumbai: Indian education firm Byju’s plans to cut around 5,500 jobs to decrease costs amid a restructuring of its business, the Economic Times reported on Tuesday. Arjun Mohan, who took over as the chief executive of the company, has briefed senior executives that he will be merging several…
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