Kuwait reviewing its subsidies system
Kuwaiti Finance Minister Sheikh Salem Abdulaziz al-Sabah said the government is reviewing its subsidies system to its residents and subsidies.
Sovereign wealth funds
Saudi Arabia Tops Sovereign Wealth Spending League, Snatches the Spot From Singapore
Saudi Arabia's Public Investment Fund (PIF) has emerged as the world's most active sovereign investor in 2023, with deals worth billions of dollars.
IMF, World Bank Approve Historic $4.5 Billion Debt Relief for Somalia
The International Monetary Fund (IMF) and World Bank have approved $4.5 billion in debt forgiveness for Somalia...
Sebi upgrading surveillance for CommExes
India's securities market regulator Sebi is upgrading and strengthening its surveillance system on commodity exchanges (CommExes). Recently, Sebi has barred 16 commodity trading members from trading f..
BC Clean-tech alliance seeks $500-mln fund from Trudeau
B.C. clean-tech companies have requested Prime Minister Justin Trudeau to allocate a $500 million venture capital (VC) fund. An alliance comprising 51 clean-tech and investment firms from B.C. provinc..
Latest News
Blackstone, GIC to acquire majority stake purchase of Rothesay Life
Blackstone Group and GIC agreed to buy a 28.5% stake each in Rothesay Life, the European insurer of Goldman Sachs.
Mobile phone number portability to go online by December - TRA UAE
The Telecommunications Regulatory Authority of UAE would, after a five year wait, put the mobile phone number portability system operational by December.
Jaiprakash Power to sell hydropower plants to Abu Dhabi National Energy Co- sources
Sources told Bloomberg that Jaiprakash Power Ventures would be selling its hydropower facilities to Abu Dhabi National Energy.
President Barack Obama aids fainting pregnant diabetic in speech
President Barack Obama caught a pregnant woman while he was making his speech about the Affordable Care Act in the Rose Garden.
Authorities announce delay of Fukushima nuclear plant cleanup
Japanese authorities said the cleanup of the Fukushima nuclear plant would not be completed next year as originally scheduled.
Oklahoma teen finds 3.85-carat diamond in state park
Tana Clymer, a 14-year old girl from Oklahoma, found a 3.85-carat diamond at the Crater of Diamonds State Park.
Abu Dhabi-Dubai bourse merger will form a market powerhouse - official
According to UAE Financial Markets Association President Mohammed Al Hashemi, the potential merger of the Dubai Financial Markets and Abu Dhabi Securities Exchange would create opportunities to boost
Kuwait grants extension for Egypt pay back of USD2 billion aid
Egypt was able to leverage a longer term to pay back the aid package provided by Kuwait.
EDF partners with Areva, Chinese firms to build nuclear plant in UK
French utility company Electricite de France (EDF) would be joining forces with Areva and two Chinese nuclear firms to build a nuclear power plant in the UK.
