Abu Dhabi's Multiply Group nails 199% gain in 9-month 2023 net profit to Dh811.1m
This growth was bolstered by dividend income amounting to Dh194.37 million
Source: gulfnews.com
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Most Gulf shares rise on strong oil; Mideast conflict in focus
Saudi Arabia's benchmark index edged up 0.1%, supported by gains in most sectors, with oil major Saudi Aramco adding 0.5% and Company for Cooperative Insurance surging 3.7%
Source: indiatimes.com
Abu Dhabi's Chimera, Partners Launch alt investor Lunate
Lunate, a newly set up Abu Dhabi-based alternative investment manager, said on Thursday it was launching with over $50 billion in assets under management (AUM) and a focus on private markets. Lunate is led by Khalifa Al Suwaidi, Murtaza Hussain and Seif Fikry, its co-managing partners. "The creation of Lunate follows a multi-party effort to establish an independent investment manager of scale and breadth, headquartered in Abu Dhabi and serving global markets," Lunate said in a statement.
Source: aawsat.com
UAE shares end higher on strong oil, China optimism - Markets
Stock markets in the United Arab Emirates rose on Friday, tracking higher oil prices and optimism that the Chinese...
Source: brecorder.com
Abu Dhabi's Chimera, partners launch alternative investor Lunate with over $50b AUM
Lunate, a newly set up Abu Dhabi-based alternative investment manager, said on Thursday it was launching with over $50 billion in AUM.
Source: dealstreetasia.com