Matein Khalid The US Treasury bond market is unnerved by Powell’s reluctance to cut rates at the May FOMC and increasing short bets on long duration Uncle Sam IOUs by the world’s biggest hedge funds. This is the reason the 2-year Treasury note yield, the single security most sensitive to changes in expectation of US central bank monetary policy, has risen 15 basis points this week to […]
Greenlogue/AP Enel, Italy’s largest utility, and Abu Dhabi-based renewable energy firm Masdar are in preliminary discussions to jointly develop battery storage capacity within Italy. The announcement was made by Enel CEO Flavio Cattaneo during a business conference in Milan. The companies, already partners in renewable energy ventures in Spain, are considering expanding their collaboration to include energy storage systems in Italy. Cattaneo highlighted a shared vision with […]
By Dr. Nilanjan Banik Renowned Nobel laureate economist Robert Solow was once asked if having a trade deficit is bad for any economy. He answered by saying he would always have a trade deficit with his barber and would always run a trade surplus with his students. Such is the nature of the game in […]Greenlogue/AP Abu Dhabi Future Energy Company PJSC – Masdar has successfully raised $1 billion through its latest green bond issuance, marking a significant step in its commitment to expanding renewable energy initiatives globally. The issuance, structured in two equal tranches of $500 million with maturities of five and ten years, attracted substantial investor interest, culminating in an order book that peaked at $4.6 billion, reflecting an oversubscription […]
VinFast, Vietnam’s electric vehicle champion, is steering into the Gulf with ambition and pride, transforming the nation’s global image from factory floor to innovation force. HANOI, VIETNAM- Media OutReach Newswire – 16 May 2025 – Ford means America. Toyota means Japan. And now VinFast – a name unfamiliar to most Westerners just 8 years ago – is becoming synonymous with Vietnam. The automaker, born from the Vingroup […]
Dubai has announced a comprehensive zoning initiative under its 2040 Urban Master Plan, dividing the emirate into distinct urban and rural zones. This strategic move aims to bolster public safety, optimise emergency response times, and promote sustainable development across the region. Urban zones, encompassing areas such as Downtown Dubai and Business Bay, will see a significant enhancement in security infrastructure. The deployment of advanced technologies, including artificial […]
FIX Dessert Chocolatier, the confectionery brand that ignited a global craze with its knafeh-and-pistachio-filled bars, has reinstated its pop-up at Dubai International Airport’s Terminal 3. The reopening coincides with the Eid Al Adha travel season, offering departing passengers a chance to purchase the sought-after treats without the usual online scramble. The brand, founded by British-Egyptian engineer Sarah Hamouda in 2021, gained international fame through social media platforms, […]
Exploring the Risks and Opportunities of AI Applications in Cybersecurity HONG KONG SAR – Media OutReach Newswire – 14 May 2025 – Co-organised by Cyberport and the Hong Kong Cybersecurity Professionals Association, the “AI x Cybersecurity Forum” took place today at Cyberport. Under the theme “Navigate the Future of AI-Powered Cybersecurity,” the forum brought together over 400 government representatives, cybersecurity experts, leaders from academia and the technology […]
Supermicro, a prominent American server technology company, has entered into a transformative partnership with Saudi data centre developer DataVolt. This landmark deal, valued at $20 billion, is set to accelerate the deployment of ultra-dense GPU platforms and rack-scale systems across DataVolt’s extensive infrastructure. The collaboration signals a robust technological alliance between the United States and Saudi Arabia, with both parties committing to ambitious infrastructure projects in the […]
The US Federal Reserve has stopped sugar-coating it: stagflation is no longer a fringe fear. It’s a looming threat. Last week’s sharp warning from Chair Jerome Powell confirmed what many of us in the global financial community have anticipated for months. Slower growth, persistent inflation, and rising unemployment are converging in a way that should set off alarm bells for investors worldwide. Make no mistake—this isn’t an […]
PARIS, FRANCE – Media OutReach Newswire – 13 May 2025 – Malaysia calls on the international community to strengthen cooperation in addressing the global water crisis – a transboundary challenge impacting nations of rich and poor alike. Strategic partnerships and coordinated policy actions are essential to securing a sustainable and resilient water future for all. Sharing Malaysia’s experience at the Global Water Summit 2025 in Paris, Deputy […]
By Sushil Kutty The western Press is egging United States President Donald Trump to press India for third-party mediation in the Kashmir imbroglio roiling India-Pakistan relations, while at the same time asserting that Trump has put India, led by Prime Minister Narendra Modi, in a “tight spot”. Prime Minister Modi wasn’t asked for his opinion […]Sobha Realty has unveiled its latest masterplan development, Sobha Central, strategically located on Sheikh Zayed Road. The project introduces 1,225 upscale residences across six residential towers, aiming to redefine urban living in Dubai’s central corridor. Designed as a self-contained vertical community, Sobha Central integrates residential, commercial, and recreational spaces. The development features a curated mix of one- and two-bedroom apartments, targeting professionals and investors seeking modern amenities […]
Matein Khalid The smoke signals from Geneva came even faster than the one in the Vatican that announced the arrival of Pope Leo XIV on the world stage. If the US-China trade marathon was a Bollywood movie, Scott Bessant would be dancing wet and wild with the Chinese Vice Premier Lifeng in their Jet d’Eau or kowtowing on those little abraas that criss-cross the Rhône river since […]
HONG KONG SAR – Media OutReach Newswire – 9 May 2025 – Chubb Life Hong Kong today announced the launch of Health Up Insurance Plan (Health Up), a digital insurance plan aimed at promoting and facilitating well-being practices for individuals wishing to achieve a healthier lifestyle. Belinda Au(middle), Mercedes Ho (Right), with Health Up Partners Health Up is designed to offer term life coverage and accidental death […]
Abu Dhabi’s Mubadala Investment Company reported a 33.7% surge in capital deployment in 2024, reaching AED 119 billion , positioning it as the most active sovereign wealth fund globally, according to data from Global SWF. This uptick coincided with a 9% year-on-year increase in assets under management , now totaling AED 1.2 trillion , and a five-year annualised return of 10.1%.
The fund’s intensified investment activity was largely driven by strategic allocations in artificial intelligence , semiconductors, and private equity sectors. Notably, Mubadala’s investments in North America nearly doubled, underscoring its confidence in the U.S. market despite prevailing economic uncertainties. In a significant move, Mubadala acquired a 50% stake in MGX, an AI-focused entity that collaborated with BlackRock and Microsoft in a $30 billion AI infrastructure fund.
Mubadala’s portfolio composition remained relatively stable, with 40% allocated to private equity, 23% to public markets, and 17% to infrastructure and real estate. This allocation reflects a strategic emphasis on sectors poised for long-term growth. The fund also expanded its private credit holdings to $20 billion, aligning with its broader investment strategy.
In the healthcare sector, Mubadala finalized the acquisition of an 80% stake in Global Medical Supply Chain and Al Ittihad Drug Store, enhancing its presence in healthcare logistics and pharmaceutical distribution. Additionally, the fund invested in Zelis, a U.S.-based healthcare technology firm, alongside Norwest and HarbourVest.
Mubadala’s commitment to clean energy was evident through Masdar’s acquisition of a 50% stake in the Big Beau combined solar and battery storage project in California. Furthermore, Mubadala Capital announced a $13.5 billion investment in a biofuels project in Brazil, marking a significant step in sustainable energy initiatives.
The fund’s strategic partnerships extended to the financial sector, with the acquisition of Fortress Investment Group from SoftBank, following regulatory approval from the Committee on Foreign Investment in the United States . This acquisition bolsters Mubadala’s position in global credit markets.
Mubadala’s CEO, Khaldoon Al Mubarak, emphasized the fund’s focus on future-oriented sectors, stating that the portfolio is constructed to navigate market cycles and scale sectors such as AI, clean energy, life sciences, semiconductors, and advanced manufacturing, aligning with national priorities.
The fund’s strategic initiatives also include the establishment of Space42, a space and satellite technology entity formed through the merger of Yahsat and Bayanat, and M42, a tech-enabled healthcare company, both in collaboration with Abu Dhabi’s tech group G42.
Mubadala’s approach to sustainable finance was highlighted by the issuance of its inaugural green bond, aligning with the UAE’s commitment to Net Zero by 2050. The fund maintains a conservative gearing ratio of 10.3% and a strong liquidity position, ensuring resilience amid global economic fluctuations.
In the realm of private equity, Mubadala Capital raised $3.1 billion for its latest fund, surpassing the initial target of $2 billion. The fund aims to invest between $150 million and $500 million per deal, focusing on acquiring large holdings in private equity markets.
PARIS, FRANCE – Media OutReach Newswire – 8 May 2025 – VinFast today announced the signing of a dealership agreement with ASTRADA SIMVA, its first official dealer partner in France, and Schachtschneider Automobile GmbH & Co KG, its second dealer in Germany. This marks a significant milestone in VinFast’s strategy to accelerate its sales model through dealerships globally, while reaffirming the Company’s strong commitment to driving the […]
Bjarke Ingels Group , the renowned architectural firm, has unveiled a groundbreaking plan to redevelop the Jebel Ali Racecourse into a vibrant, sustainable urban district. The ambitious project, in collaboration with ARM Holding, a prominent Dubai-based development company, aims to revitalise a sprawling 5-square-kilometre area, turning the historical site into a hub for both residential and commercial spaces.
The proposal includes creating an environmentally friendly, mixed-use community that integrates cutting-edge design with green technologies. This redevelopment is expected to redefine urban living in Dubai, focusing on sustainability, innovation, and improved connectivity within the city.
BIG’s design concept emphasises green spaces, pedestrian-friendly walkways, and eco-conscious architecture, making it a model for future urban developments. The plan includes residential units, office spaces, recreational areas, and cultural hubs, all within a green environment designed to reduce the carbon footprint. The development aims to cater to the growing demand for urban spaces that not only meet residential needs but also foster community engagement and sustainability.
The project is being seen as a significant step in Dubai’s broader urban planning strategy, which aligns with the city’s Vision 2040. This vision focuses on creating a sustainable and diversified economy, with an emphasis on innovative, eco-friendly developments. By transforming the Jebel Ali Racecourse, the project supports the city’s ongoing efforts to establish a greener, more resilient urban landscape.
The existing racecourse, a significant landmark for horse racing enthusiasts in Dubai, will be integrated into the new district, preserving its cultural and historical value. The developers plan to retain the iconic racetrack as a key feature, while surrounding it with modern amenities and green infrastructure.
One of the key aspects of the plan is the extensive use of renewable energy sources and energy-efficient designs. Solar panels, energy-efficient buildings, and water conservation systems will be incorporated throughout the district. This will not only minimise the environmental impact of the development but also contribute to Dubai’s goals of reducing carbon emissions and enhancing the sustainability of its infrastructure.
The residential aspect of the development will offer a range of living options, including apartments, townhouses, and villas, catering to a diverse demographic. A variety of amenities, such as schools, healthcare facilities, and retail outlets, will be integrated into the design to ensure that the community is self-sufficient and well-connected.
The district will feature a state-of-the-art transportation network, including electric vehicle charging stations, bike paths, and enhanced public transport links. This will ensure that the development is easily accessible and fully integrated into the wider urban fabric of Dubai. The emphasis on sustainability extends to mobility solutions, with plans for a smart transport system aimed at reducing congestion and promoting greener travel alternatives.
The partnership between BIG and ARM Holding is a significant development for the city’s real estate market, with both parties bringing their expertise to the project. BIG, known for its innovative and sustainable designs, will be responsible for the architectural vision, while ARM Holding will manage the development and construction phases. Their collaboration is expected to set new benchmarks for urban development in the region.
As part of Dubai’s push to become a global leader in sustainable urban planning, the Jebel Ali Racecourse redevelopment is expected to attract considerable interest from international investors. The project aligns with Dubai’s efforts to position itself as a hub for innovation and sustainability in the Middle East.
The transformation of the Jebel Ali Racecourse site is part of a larger trend of reimagining historical spaces in Dubai to meet the demands of a growing population and economy. Similar projects are already underway in other parts of the city, focusing on transforming underutilised or outdated areas into modern, sustainable communities that offer high quality of life for residents.
The economic impact of this project is expected to be substantial, with job creation during the construction phase and long-term benefits from increased tourism, commerce, and real estate investments. The development will also contribute to the diversification of Dubai’s economy, with a focus on attracting high-tech industries and green businesses.
While the project is still in the early stages, it has already generated significant excitement in the city’s real estate and architectural sectors. Dubai’s reputation for ambitious and futuristic developments has been bolstered by similar large-scale projects, such as the Dubai Creek Tower and the Museum of the Future. The Jebel Ali Racecourse redevelopment is expected to continue this trend, setting a new standard for sustainable urban design in the region.
HONG KONG SAR – Media OutReach Newswire – 7 May 2025 – Chubb Life Hong Kong today announced the launch of Health Up Insurance Plan (Health Up), a digital insurance plan aimed at promoting and facilitating well-being practices for individuals wishing to achieve a healthier lifestyle. Belinda Au(middle), Mercedes Ho (Right), with Health Up Partners Health Up is designed to offer term life coverage and accidental death […]
SINGAPORE – Media OutReach Newswire – 7 May 2025 – Bee Choo Origin, Singapore’s leading herbal hair care brand that specialises in hair fall treatment and oily scalp treatment, has reaffirmed its commitment to corporate social responsibility (CSR) with the donation of an electric passenger van to The National Kidney Foundation (NKF). This marks a significant step in enhancing patient mobility while promoting sustainable transport solutions. Bee […]
By Saifur Rahman When Ho Kwon Ping, a young Stanford drop-out, saw an abandoned tin mine in Thailand’s Bang Tao Bay in Laguna Phuket area in 1984, he didn’t know what to do with it as the land that was dimmed ‘useless’ by its former occupiers. It was a patch of a waste land with no activities then. In his Stanford days, he was a firebrand social […]
Greenlogue/AP CO2Wall, a Netherlands-based climate solutions company, has launched operations in Saudi Arabia with the opening of a new office in Riyadh. This move aligns with the Kingdom’s Vision 2030, which aims to achieve carbon neutrality by 2060 and enhance urban sustainability. The company’s expansion is facilitated through a partnership with AstroLabs, a business expansion platform in the Gulf region. Gerwin Pul, CEO of CO2Wall Group BV […]
A high-level delegation from Abu Dhabi has arrived in Tokyo for the inaugural Abu Dhabi Investment Forum, marking a significant step towards deepening the economic ties between the UAE capital and Japan. The four-day visit, running from May 6 to 9, sees top officials and private sector leaders from Abu Dhabi engaging with their Japanese counterparts to explore new areas of collaboration, particularly in advanced industries such […]
Greenlogue/AP Iraq’s Ministry of Electricity is intensifying efforts to bolster its renewable energy capacity, engaging in virtual discussions with officials from the UAE’s Masdar to expedite the development of solar power projects totaling 1,000 megawatts across the provinces of Maysan, Dhi Qar, and Anbar. The meeting, led by Electricity Minister Ziyad Ali Fadel, focused on finalising power purchase agreements and addressing implementation challenges, according to a statement […]
