Business

Dubai is creating a new sovereign wealth fund, bringing together chunky assets in part-privatized companies similar to Abu Dhabi’s ADQ, which has used its infrastructure-based capital to diversify globally, including into private equity. The new Dubai Investment Fund (DIF) will […]

China’s banking system is collapsing, and the real estate crisis in the country could end up wiping out $4 trillion from its financial system, according to veteran investor Kyle Bass. In an interview with Andrew Ross Sorkin on CNBC on […]

Vietnamese Party General Secretary Nguyen Phu Trong and his Chinese counterpart Xi Jinping witnessed Tuesday the signing of 36 agreements for cooperation in many fields including security and railway development. In a dialogue at the Headquarters of the Party Central […]

Saudi Aramco, the world’s largest oil producer, has signed definitive agreements to acquire a 40% stake in Gas & Oil Pakistan Limited (GO). The transaction is subject to certain customary conditions, including regulatory approvals, the companies said in a joint […]

Societe Generale has signed two agreements with Vista Group to acquire Societe Generale group’s shares in its local African subsidiaries: Societe Generale Burkina Faso and Banco Societe Generale Moçambique, currently owned at 52.6 percent and 65 percent respectively. According to […]

Family offices now have more of their money invested in private markets than the public stock market — even as the market rallies — according to a new survey. A survey of North American family offices conducted by Campden Wealth […]

The world’s 25 wealthiest families have had a stellar 2023, according to Bloomberg. Ultra-rich dynasties have added another $1.5 trillion to their personal fortunes this year, the outlet reported Thursday. Strong economic growth, cooling inflation, and resilient consumer spending have all helped to support […]

China’s exports grew for the first time in six months in November, suggesting factories in the world’s second-largest economy are attracting buyers through discount pricing to get over a prolonged slump in demand. Mixed manufacturing data for November has kept […]

Ratings agency Moody’s slapped a downgrade warning on China’s credit rating on Tuesday, saying costs to bail out local governments and state firms and control its property crisis would weigh on the world’s No. 2 economy. Moody’s lowered the ‘outlook’ […]

Nassef Sawiris, Egypt’s richest man is relocating his family office to Abu Dhabi, joining a trend among notable investors establishing their operations in the sun-splashed emirate. Bloomberg reported that the Egyptian billionaire intends to re-domicile NNS Group in the Abu […]