Mubadala and its subsidiaries deployed $29.2bln in 2024, up from $17.5bln invested in 2023. Date: January 1, 2025 DUBAI – Abu Dhabi’s Mubadala Investment Company accounted for about 20% of the almost $136.1 billion spent by sovereign wealth funds worldwide last year, overtaking Saudi Arabia’s wealth fund amid a surge in spending from Gulf countries. Mubadala […]
In a tete-tete with Arwa Naccho is the Managing Partner at Swift Audit & Advisory, Arwa sheds light on auditing intricacies governing the UAE. Arwa Naccho is the Managing Partner at Swift Audit & Advisory, where she has led the firm since 2017. Proceeding with an Executive MBA in Business Analytics and Management, she combines […]
Abu Dhabi, UAE – December 11th, 2024 – Numou Revolutionizes SME Financing in the UAE with Launch of Innovative Digital Lending Marketplace at ADFW Numou, a subsidiary of ADGM, the capital’s leading international financial centre, has officially launched a groundbreaking digital lending marketplace, with the goal of transforming the financing landscape for small and medium-sized enterprises […]
Abu Dhabi, UAE – October 2024:First Abu Dhabi Bank (FAB), the UAE’s largest lender, posted a net profit of AED 4.46 billion ($1.2 billion) for the third quarter of 2024, marking a 5% year-on-year increase. This growth was driven by robust revenue expansion, which helped offset a sharp rise in impairment charges. The results exceeded […]
Abu Dhabi, UAE – Microsoft Corporation is set to strengthen its global engineering presence with the launch of its first-ever Global Engineering Development Center in the Arab world, located in Abu Dhabi. This move marks a significant milestone as the UAE becomes a key player in Microsoft’s global network of development centers, which are dedicated […]