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February 18, 2024
(Bloomberg) -- At the height of the global pandemic, as Dubai faced an exodus of expatriates and mounting competition from neighboring business hubs, the government opened up. That decision is now helping the city dodge the commercial real estate crisis rippling across the globe.Most Read from BloombergTrump Keeps NY Empire Intact as Judge Rescinds Asset-Sale OrderSystemic Risk Concerns Grow Among Money Managers as Real Estate Woes Cause TurmoilTop Investors Share the Toughest Lessons They Had t
February 7, 2024
(Bloomberg) -- Some Russian banks appear to have maneuvered around a ban on shipping dollars and euros to the country by trading gold in the United Arab Emirates and Turkey, according to research from a financial-intelligence company.Most Read from BloombergTrump Denied Immunity in DC Election Case by Appeals CourtXi to Discuss China Stocks With Regulators as Rescue Bets BuildWall Street Snubs China for India in a Historic Markets Shift‘Money Dysmorphia’ Traps Millennials and Gen Z...
October 5, 2023
(Bloomberg) -- Abu Dhabi wealth fund ADQ and Turkey are in talks to build a railway over Istanbul’s Bosphorus strait as part of a planned trade corridor linking Europe to the Middle East and Asia, according to Turkish officials familiar with the matter.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysOzempic Is Making People Buy Less Food, Walmart SaysUS Stocks Buoyed by Big Tech Gains as...
September 7, 2023
The European Union’s top official is expected to increase pressure on the United Arab Emirates to clamp down on the export of sanctioned goods to Russia, according to people familiar
June 21, 2023
(Bloomberg) -- Over the past year, the oil-rich emirate of Abu Dhabi has explored a string of ambitious acquisitions in the international banking sector in an attempt to become a global financial powerhouse. None have panned out so far. Most Read from BloombergThese Are World’s Most Expensive Cities for High-Class LivingNoises Detected in Search for Titanic Sub as Oxygen DwindlesHedging Failure Exposes Private Equity to Interest-Rate SurgeWhat We Know About the Missing Titanic Submersible...
April 6, 2023
Atul and Rajesh Gupta, wanted by South African authorities on charges of money laundering and fraud, were seen in Switzerland in late March.
May 25, 2022
Below are some of the measures to combat inflation undertaken by governments in the world’s largest economies, and the political pressures they face.
June 1, 2021
Dubai, Buenos Aires only two cities in Knight Frank’s 25 prime locations list to see prime residential value decline.
April 23, 2021
By Bloomberg News (Bloomberg) — Day two of President Joe Biden’s international climate summit concluded on Friday. Biden pledged during the first day of the virtual event to slash U.S. greenhouse gas emissions in half by the end of the decade, part of a plan to bring the U.S. back into the global fight against climate change. Day two focused on innovation and the economic opportunity in fighting climate change. This is designed to refute skepticism from some blue-collar workers and labor l...
April 22, 2021
(Bloomberg) — Try refreshing your browser, or First Mideast Bitcoin ETF Aims to Raise More Than $200 Million Back to video Canada’s largest digital-asset investment fund manager 3iQ Corp. is hoping to raise more than $200 million by listing its Bitcoin exchange-traded fund in Dubai, according to its chief executive officer. The intent of listing on the Nasdaq Dubai exchange is to get trading at all hours around the globe, said CEO Fred Pye. “We trade on the North American market times a...