Search
Close this search box.

September 24, 2024

China plans to inject capital into six major commercial banks

China plans to increase the tier-1 capital of six major commercial banks, Xinhua quoted an official as saying Tuesday.

Li Yunze, Head of the National Financial Regulatory Administration, told a press conference that the capital will be injected in a…

Masdar to acquire ‘Saeta’ from Brookfield for $1.4 billion

Abu Dhabi Future Energy Company (Masdar) today announced the proposed acquisition of Saeta Yield from Brookfield Renewable, together with its institutional partners (Brookfield), for an implied enterprise value of c. US$1.4 billion (pound 1.2 billion…

Korean producer prices decline in August

The Republic of Korea’s producer prices fell in August, driven by a fall in the prices of oil and related products, central bank data showed Tuesday.

Yonhap News Agency quoted data from the Bank of Korea (BOK) as saying that the producer price index…

Sharjah forum highlights sports investment’s economic impact

The Arab Forum for Financing and Investment in the Sports Sector commenced on Monday at the Pullman Hotel in Sharjah.

The event, a joint initiative of the Arab Administrative Development Organisation and the Sharjah Sports Council, aims to explore t…

UAE President receives Bahraini Crown Prince

President His Highness Sheikh Mohamed bin Zayed Al Nahyan received His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister of the Kingdom of Bahrain.

During their meeting in Washington, His Highness Sheikh Mohamed and …

UN Chief gravely alarmed by escalating situation in Lebanon

The following statement was issued today by the Spokesman for UN Secretary-General António Guterres:

“The Secretary-General is gravely alarmed by the escalating situation along the Blue Line and the large number of civilian casualties, including chi…

Khaled bin Mohamed bin Zayed meets Group Chairman of HSBC Holdings

ABU DHABI: H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has met with Sir Mark Tucker, Group Chairman of HSBC Holdings.

During the meeting, held at the Abu Dhabi Executi…

UAE President visits National Children’s Hospital in Washington

WASHINGTON: UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan visited the National Children’s Hospital in Washington D.C. and was briefed on its pioneering work in pediatric surgery and healthcare.

The UAE has been a longtime supporter of…