Category Archives: Business & Investments

Moody’s Upgrades ADIB’s Baseline Credit Assessment

Moody’s Upgrades ADIB’s Baseline Credit Assessment, Reflecting the Bank’s Strong Financial Position

•   Moody’s affirmed ADIB’s local and foreign currency long-term issuer ratings at A2 and short-term issuer ratings at Prime-1

•   ADIB’s Baseline Credit Assessment (BCA) and Adjusted BCA were upgraded to baa3 from ba1.

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Saxo Q2 Outlook | 2024: The wasted year

Dubai, UAE, 3rd April 2024: Saxo today launched its Quarterly Outlook for Q2 2024. As elections in key market countries dominate global discussions, Saxo’s Strategy team highlights the events and indicators that investors and traders should keep an eye on. They also explore whether this focus on elections diverts attention from the actual figures affecting global markets.

In his macro note, “It’s all about elections and keeping status quo”, Steen Jakobsen, Saxo’s Chief Investment Officer, emphasises that “election optimism and a rally in equities have so far masked the inconvenient truths underlying our economy, where debt continues to grow faster than GDP.”

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Masdar set for leading role at World Future Energy Summit

Masdar set for leading role at World Future Energy Summit

  • Masdar will host WFES with packed program of events focused on the Action Agenda and historic UAE Consensus agreed at COP28
  • Annual Green Hydrogen Summit will focus on potential to help economies reach net-zero emissions
  • Innovation Zone will feature expert panels, showcase latest technology and climate solutions

Abu Dhabi, UAE – April 03, 2024: Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, is gearing up to host the World Future Energy Summit (WFES).  Taking place from April 16-18 at Abu Dhabi National Exhibition Centre (ADNEC), WFES is the world’s leading business event for future energy, clean technology and sustainability, with a packed program of events, activations, discussions and forums.

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Global private equity firm, NewSpace Capital, strengthens its presence in the MENA region

Global private equity firm, NewSpace Capital, strengthens its presence in the MENA region with appointment of Hassan Karimi to the Advisory Board

Hassan Karimi, CEO of KHK & Partners,

  • NewSpace Capital, a global private equity firm investing in space and space related industries, is strengthening its ties with the Middle East, as space industry becomes critical to the region’s development.
  • Hassan Karimi, CEO of KHK & Partners, is appointed to the Industry Advisory Board of NewSpace Capital, where he will join other prominent investors and space industry leaders.
  • NewSpace will benefit from Hassan Karimi’s wealth of investment experience and his close relationships with institutional investors in the MENA region.
  • Bogdan Gogulan, NewSpace Capital’s CEO, said Hassan was joining the firm at a ‘very exciting time for NewSpace Capital and the space sector’.
  • The space sector is projected to be worth $1 trillion by 2040.
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DXB LIVE Achieves Phenomenal Growth, Expands Business in 2023

DXB LIVE Achieves Phenomenal Growth, Expands Business in 2023

  • DWTC’s experiential agency designed and constructed 300 exhibition stands, covering a total area of 145,000 square metres for prestigious events such as COP28, World Radiocommunication Conference and more
  • The UAE most-loved community events shine once again, from Modesh World to Hatta Cultural Nights, attracting thousands with cultural richness and entertainment
  • The agency made significant strides through its global expansion plans, foraying into markets including Saudi Arabia and Africa
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