investment

Investment Corporation of Dubai H1 net profit up to AED10.3 billion

Dubai - Wam

Investment Corporation of Dubai (ICD) has announced its consolidated financial results for the six month period ended 30 June 2017 having achieved revenues of AED93.2 Billion and net profit of AED10.3 billion. Revenues increased to AED93.2 Billion, rising 13.1 percent from the prior year period, mainly due to a growth in operating segments with the largest increases in oil andRead more

Fossil fuel investment spells 'unsustainable future'

BONN - Emirats Voice

Continued investment in fossil fuels would doom mankind to an "unsustainable future", UN chief Antonio Guterres said Wednesday, and warned time was running out to prevent calamitous climate change caused by atmosphere-fouling emissions. Continuing to pump money into coal, oil and gas does not make financial sense, and markets must be "re-oriented away from the counter-productive," he told UN climateRead more

Bill Gates invests $50m to fight Alzheimer's

Abu Dhabi - Emirates Voice

Joining the fight against Alzheimer's, Microsoft founder Bill Gates on Monday announced a $50 million Dementia Discovery Investment Fund from his personal wealth to find a cure for the brain-wasting disease. "Of all the disorders that plague us late in life, one stands out as a particularly big threat to society: Alzheimer's disease," said Gates in his blog titled "WhyRead more

QSE Holds Seminar on New Trading Procedures

Doha - Emirates Voice

Qatar Stock Exchange (QSE) held a seminar on the new mechanism issued by Qatar Financial Markets Authority (QFMA) on not halting the trading of a company’s stock during its AGM/EGM. The seminar was attended by representatives and officials from the QFMA, Qatar Central Securities Depository, listed companies and the member brokerage firms. Director of Market Operations at QSE Nasser Al-AbdulRead more

Saudi Public Investment Fund launches Real Estate

Riyadh - Wam

The Saudi Public Investment Fund, PIF, has announced the establishment of the Saudi Real Estate Refinance Company, SRC, in line with the Saudi Vision 2030 objectives to improve the performance of the real estate market, increase its contribution to the GDP, and raise the rate of homeownership among Saudis to 52 percent by the end of 2020. The demand forRead more

Why Dubai is top on investors' minds

Abu Dhabi - Emirates Voice

Dubai FDI, the foreign direct investment promotion agency of Dubai Economy, seeks to provide innovative and modern solutions that meet the aspirations of current and future investors, Sami Al Qamzi, director-general of Dubai Economy, said on Monday. Speaking at the opening day of Dubai Investment Week, Al Qamzi said Dubai Economy is keen to move forward, achieve sustainable development andRead more

Catalonia tensions could affect 'confidence

Madrid - Emirates Voice

The IMF kept its growth forecast for Spain for this year unchanged at 3.1 percent but warned that "tensions" over Catalonia's separatist drive could take their toll on business. "Tensions and uncertainty related to Catalonia could weigh on confidence and investment decisions," said Andrea Schaechter, head of the International Monetary Fund mission to Spain. Read more

Why it's a good time to invest in Pakistan's real estate

Abu Dhabi - Emirates Voice

Pakistan's real estate industry continues to evolve as companies try to resolve real estate complexities in order to increase its growth, experts have revealed. Factors such as the federal budget, law amendments and the introduction of the real estate investment trust have influenced the advancement of the industry. According to reports, investors have pulled out money from several banks inRead more

Dyson to make electric cars by 2020

London - Emirates Voice

British inventor James Dyson, who is best known for his bagless vacuum cleaners, on Tuesday announced a plan to produce electric cars by 2020 with a £2.0 billion (2.3 billion euro, $2.7 billion) investment. "Dyson has begun work on a battery electric vehicle, due to be launched by 2020," he said in an email to employees, referring to his company.Read more

Speaker receives Indonesian ambassador

Manama - Emirates Voice

Representatives Council Speaker Ahmed bin Ibrahim Al Malla received Indonesian Ambassador to Bahrain Nur Syahrir Rahardjo and discussed with him ways of boosting bilateral cooperation mainly in the parliamentary field. He lauded strong and growing relations between both countries, stressing the key role of the Indonesian community in the kingdom’s development process. The Indonesian ambassador stressed his country’s keenness onRead more