The gains of the UAE financial markets exceeded $64.9 billion in November

Malik Salameh – directUAE financial market indices varied during the trading of November of this year, with the Dubai market index declining slightly, while the Abu Dhabi Securities Market jumped 151 points from the last session last month. According to market data, the UAE financial markets achieved gains amounting to 238.31 billion dirhams, equivalent to […]

UAE’s Yahsat eyes future acquisitions to boost growth

Abu Dhabi – Mubasher: Andrew Cole, CFO of “Yahsat“The company is looking to grow organically through acquisitions over the next few years. Andrew Cole, in an interview with Bloomberg, added that Yahsat will “press hard” to grow its business revenue streams over the next few years. He added that the company is focusing on expanding […]

UAE’s Chimera Capital launches an initial $2 billion trust fund

Dubai – Mubasher: Chimera Capital, a subsidiary of Chimera Investments, announced the launch of the Alpha Wave Private Trust Fund, an open-ended trust fund, with investment pledges of $2 billion. The company launched the fund jointly with Alpha Wave Global, an investment firm that manages a range of investment funds across various asset classes, according […]