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Gulf Capital’s $750m fund heavily oversubscribed
Firm completes a $25m investment in Egypt’s Amak Group
Arabtec in huge Egypt project
In March, Arabtec announced it would build one million homes in Egypt in a $40 billion project backed by the Egyptian and UAE governments. Arabtec expects soon to conclude the final agreement with Egyptian authorities to begin construction.
Dubai real estate stabilises as new supply enter the market
Dubai judge approves liquidation of local Espirito Santo unit
Nation
Dubai Financial Market roadshow in NY concludes
DNVGL to hold 11th annual regional offshore meet
Khalifa Port productive level grows 36% since ’12
Musafir.com opens branch in Abu Dhabi; promos offered
RGT launches new Puzz-Led products
Biz Talk
Investors appear to have woken up to poor growth prospects
With the Fed set to turn off its money taps at the end of this month, investors appear to have woken up to poor growth prospects in much of the world, something International Monetary Fund chief Christine Lagarde has termed a “new mediocre”.
Technology
Dead battery gets charged in two minutes!
The battery can be recharged 10,000 times. It can last nearly 20 years before it needs to be replaced.
Khaleej Times Business