A federal judge has ordered a high-stakes remedies hearing to begin this week in the case United States v. Google LLC, where Google was found to hold an illegal monopoly in key segments of the digital advertising technology market. The court declared that Google unlawfully monopolised the open-web display publisher ad server and ad exchange markets, tying its publisher ad server to its ad exchange in ways […]
Emaar Properties has confirmed that it will not sell a stake in its Indian subsidiary, instead shifting its strategy to explore joint ventures with major real estate players, including the Adani Group. The clarification was issued through a statement to the Dubai Financial Market, where Emaar is listed.
Earlier this year, Emaar acknowledged talks with Indian groups such as Adani over a possible stake sale of Emaar India. Those negotiations had garnered attention amid reports that Adani Realty was close to acquiring a majority share for around $1.4 billion.
Emaar’s latest statement emphasised that no sale is under consideration. Instead, the company is evaluating joint venture opportunities with several large real estate firms in India. Adani Group is named among those potential partners.
The real estate firm’s move comes after the earlier sale discussions faltered due to disagreements over valuation. Adani Realty and Emaar were unable to reach a consensus, leading to a stall in the effort to finalise transaction terms.
Financially, Emaar India posted net losses after tax for the fiscal year ending 31 March 2024, amounting to about ₹1,340.8 million. That compares with total revenues of approximately ₹29,137 million for the same year; in the previous year revenues had stood at roughly ₹18,319 million.
Meanwhile, Emaar Properties globally has reported strong operational performance. For 2024, it achieved property sales of nearly Dh70 billion, a rise of some 72 per cent over 2023. Revenue backlogs—sales booked but not yet recognised as revenue—exceeded Dh110 billion, providing a cushion for future earnings. Net profit before tax grew by about 25 per cent to Dh18.9 billion.
Solmate, a newly launched Solana digital asset treasury headquartered in the UAE, is mobilising US$300 million to build on-chain infrastructure and deliver staking-based returns for investors. Marco Santori, formerly Chief Legal Officer of Kraken, has been appointed CEO. The company is setting up bare-metal validators in Abu Dhabi, in partnership with RockawayX, aiming for high reliability and performance in staking operations. Solmate’s backers include ARK Invest, […]
Dubai Investments has unveiled plans to sell up to 25 per cent of its real-estate arm, Dubai Investments Park, through an initial public offering that may value the unit at $2.5 billion. The company is in discussions with banks, while key details — including exact timing — are yet to be finalised. The mixed-use development across 2,300 hectares comprises industrial, commercial and residential zones, housing over 160,000 […]
Curve DAO is considering a proposal to pre-mint 60 million crvUSD to support its new Yield Basis AMM, a mechanism designed to use leveraged Bitcoin pools to eliminate impermanent loss while boosting yield. The crvUSD would be borrowed and paired with BTC in liquidity positions rather than sold on the open market, avoiding direct dilution of circulating stablecoin supply.
Proposed by Curve founder Michael Egorov, Yield Basis is expected to launch with three capped pools, each for BTC wrappers, with deposit limits of about US$10 million per pool. The proposal claims that Yield Basis returns value to both veYB holders and to Curve / veCRV holders through trade-and-fee flows, vote incentives, and other revenue mechanisms.
However, the plan has met with resistance in Curve’s governance forums. Critics warn that pre-minting unbacked crvUSD introduces systemic risk, including potential for unmanageable supply growth, governance overreach, and threats to the peg of crvUSD. One commenter described the risk of minting “out-of-thin-air, unbacked, 60M crvUSD”. Some community members argue the DAO’s current permissions already allow arbitrary minting of crvUSD, a concern in light of past vulnerabilities.
Risk mitigation is a major topic of debate. Suggestions include turning the pre-mint into a strict credit line structure, with per-pool limits, a governance-controlled kill-switch, staged rollout starting with a single BTC wrapper, insurance or first-loss vaults, and better transparency via telemetry dashboards. Yield Basis proponents have responded by noting that the protocol has passed six audits to date, is running a Sherlock bug bounty, and intends to enforce caps at launch. They emphasise that crvUSD in Yield Basis is minted only when BTC is deposited.
Scale and revenue projections form a core of the discussion. The proposal argues that Yield Basis solves what’s known as the demand-side absorption issue for crvUSD: rather than minting tokens that are sold, pairing them internally with BTC leverages LP positions, creating supply sinks and revenue flows. Fee distributions—from arbitrage trades, stablecoin pair pools involving crvUSD, and trading commissions—are structured to benefit veCRV holders, veYB holders, and liquidity providers. The DAO ecosystem is slated to receive a share of YB token inflation for vote incentives in major stablecoin pools.
Stakeholders are closely watching governance dynamics. veCRV voting power is fragmented, voter turnout on high-stakes proposals is variable, and some members say optics could affect market confidence. The precedent set by this mint could influence how future protocol decisions are made.
Prosus NV has raised its holding in Urban Company Ltd to 7.35 per cent, after acquiring roughly an additional 4 percentage points by investing about $139 million, ahead of the home services startup’s Initial Public Offering. This move positions Prosus as one of Urban Company’s largest shareholders and signals strong institutional faith in the firm’s prospects.
Urban Company’s IPO drew overwhelming demand — it was subscribed over 103 times — and its shares listed at a premium of about 57.5 per cent over the issue price on the National Stock Exchange, opening at ₹162.25 versus the ₹103 issue price. The listing surged the company’s market valuation to nearly $2.8 billion.
According to Ashutosh Sharma, head of Prosus India Ecosystem, the firm increased its stake during the IPO allotment. Prosus first backed Urban Company in 2021; this latest acquisition underscores its continued appetite for stakes in Indian startups with domestic consumer and service-led business models.
Urban Company, founded in 2014 by Abhiraj Singh Bhal, Varun Khaitan, and Raghav Chandra, operates across home services such as beauty, cleaning, appliance repair and plumbing. It has expanded into over 50 cities in India and also operates in international markets including UAE and Singapore. The company reported strong financial performance in its fiscal year ending 2025, with revenue growth of around 36 per cent year-on-year and its first net profit of approximately ₹239–₹240 crore.
Investor enthusiasm was evident in the IPO process. Qualified Institutional Buyers led the subscription with particularly strong bids. The grey market premium, which reflects expectations ahead of listing, had risen to over 50 per cent above the issue price, signalling investor confidence in an upward listing trajectory.
Prosus’s move comes amid a broader trend of institutional investors increasing their exposure to Indian startups ahead of IPOs, particularly those in consumer-facing, service-oriented sectors. Earlier urban and tech-led listings have attracted robust demand, and IPOs that show solid unit economics—strong margins, revenue growth, steps toward profit—are being favoured by capital.
Urban Company’s stock market debut saw a steep rise: the shares not only opened with a 57.5 per cent premium on NSE, but trading surged further, reflecting both investor optimism and perceived underpricing in its IPO offer.
Prosus, headquartered in the Netherlands and known for its early stake in Tencent Holdings, has invested over $8-9 billion in the Indian startup ecosystem. It has backed firms such as Swiggy, Meesho, and PayU. Its amplified investment in Urban Company exemplifies a strategy of anchoring bets on firms that combine growth potential with improving financial metrics.
Matein Khalid Mauritius, an island archipelago state in the Indian ocean, has long maintained extensive economic and cultural ties with the GCC. Thanks to tax treaties with India, Mauritius is a favourite domicile for wealthy Indian expatriate residents of the UAE and Saudi Arabia. GCC citizens and residents are prominent investors in some of Africa’s most expensive luxury beach resorts located in the island nation, where property […]
Al-Futtaim has finalised the acquisition of a 49.95% stake in Cenomi Retail for SAR 2.52 billion, after agreement to purchase shares at SAR 44 per share from major founding shareholders. This marks a significant foreign investment in Saudi Arabia’s retail sector. Under the terms, Al-Futtaim also authorised a SAR 1.35 billion shareholder loan facility to bolster Cenomi’s balance sheet and support planned growth. The loan contains an […]
Saudi Arabia’s AI company Humain is engaged in detailed negotiations with leading private equity and investment firms, including Blackstone Inc. and BlackRock Inc., over a major funding alliance aimed at strengthening its data centre infrastructure and other AI-related operation capacities. Key participants say the deal size could run into the billions of dollars. Humain, which is wholly owned by the Public Investment Fund and chaired by Crown […]
Throughout the week, visitors will be invited to attend equestrian performances of the highest caliber, featuring both Moroccan and international troupes in a sophisticated and engaging mise en scène RABAT, MOROCCO – EQS Newswire – 17 September 2025 – From September 30 to October 5, 2025, the Mohammed VI Exhibition Park in El Jadida will host the 16th edition of the Salon du Cheval, a landmark event […]
The Federal Reserve sets the price of money for the world’s largest economy, but the battle now unfolding in Washington is about far more than the next rate decision. President Donald Trump and his economic advisors are pushing to narrow the central bank’s mission and pull it closer to the White House. For international investors, this is not a distant Beltway turf fight. It’s a direct threat […]
LONG ISLAND, US – Media OutReach Newswire – 13 September 2025 – Garrett Taylor, CRPC®, Founder and Managing Partner of Coastline Wealth Management, has earned a place on Forbes’ 2025 Best-in-State Wealth Advisors list, ranking #40 in New York. He was named one of Long Island Business News’ Most Influential Long Islanders in Banking and Finance. These two recognitions reflect Garrett’s consistent track record of helping clients […]
Quadrille Capital has completed a €500 million capital raise aimed at funding technology ventures in Europe and the United States. The firm has allocated €285 million for direct investments, €70 million for its primary fund backing VC and growth funds, and €150 million for a secondary fund focused on later-stage opportunity. The fundraising elevates its assets under management to approximately €1.8 billion. Jérôme Chevalier, CEO, noted that […]
Kuwait Petroleum Corp is evaluating a plan to lease sections of its pipeline network as part of its drive to raise between $5 billion and $7 billion, to support a broader investment programme totalling $65 billion that spans upstream oil operations and petrochemicals. The deal under consideration would see 13 pipelines leased out on a 25-year basis. The firm has appointed Centerview Partners LLC as an adviser […]
The Trump administration has filed a motion in U. S. District Court, Maryland, to cancel the 2024 approval of the Maryland Offshore Wind Project established under the previous administration. It asserts that the authorisation underestimated impacts on search-and-rescue operations and commercial fisheries, and argues the permitting process was flawed under the Outer Continental Shelf Lands Act. The planned wind farm, developed by US Wind, would include 114 […]
Wema Bank Plc has exceeded the Central Bank of Nigeria’s minimum capital requirement for commercial banks with national authorisation by raising its qualifying capital to ₦214.7 billion, following a ₦150 billion rights issue and a ₦50 billion special placement. The rights issue, which ran from 14 April to 21 May 2025, secured the necessary approvals from both the Central Bank of Nigeria and the Securities and Exchange […]
Why CRM Matters in Dubai’s Real Estate The UAE has emerged as one of the world’s leading destinations for real estate investment, drawing interest from international buyers, institutional investors, and local clients. With intense competition, high transaction volumes, and multi-stakeholder deals, developers face unique operational challenges: Managing relationships with hundreds of brokers and agencies simultaneously. Coordinating international buyers who expect fast, transparent communication. Handling complex contracts, payments, […]
The role of artificial intelligence in reshaping the global economy has never been more critical. According to the latest projections, AI is poised to add a staggering $15.7 trillion to global GDP by 2030. This growth is expected to revolutionise various sectors and create new economic paradigms as nations and industries race to harness the transformative potential of AI. The growth trajectory of AI is being driven […]
Porsche’s engineers faced unexpected damage to the rear diffuser of a Taycan prototype while pursuing a record-setting electric vehicle lap around the Nürburgring. The component was partly torn off after the car bottomed out on one of the circuit’s many turns. The prototype—believed to be a GT4 RS variant—made two attempts at pushing past current benchmarks, with factory driver Lars Kern at the wheel for at least […]
The OpenSearch Software Foundation has appointed Bianca Lewis as its new Executive Director, tasking her with guiding the foundation’s strategy, growing its community engagement, and maintaining vendor-neutral development. She takes on the post as the foundation marks its first year under the Linux Foundation banner. Lewis arrives with more than two decades of experience in technology, entrepreneurship, and business strategy, having held leadership roles at firms such […]
A senior Tesla engineer has resigned, accusing Chief Executive Elon Musk of leading with what he describes as “seriously compromised” leadership. He claims the company’s mission and integrity are being undermined, citing concerns about dishonesty, manipulation of public discourse and support for climate change denial. Giorgio Balestrieri, who had spent eight years at Tesla and worked on the company’s European energy trading algorithms—specifically the Autobidder platform that […]
Discussions between Washington and New Delhi are said to have reached a critical stage, with US officials making India’s cessation of buying Russian oil a central condition for sealing a bilateral trade agreement. Ambassador-nominee Sergio Gor, during his Senate Foreign Relations Committee hearing, stated that the two sides are “not that far apart” and are now negotiating “the nitty-gritty” of deal terms. He added that ending oil purchases from Russia is one of the Trump administration’s highest priorities. Those talks are expected to involve India’s trade and commerce ministers in Washington next week.
Commerce Secretary Howard Lutnick echoed Gor’s position in an interview, saying the US will resolve trade barriers with India once India stops purchasing Russian oil. The US has imposed a 50% tariff on certain Indian goods, partly as a penalty tied to India’s energy imports from Russia, while insisting that market openness and reciprocal concessions are essential.
India’s leadership has defended its energy procurement strategy as aligned with national interests, citing economic factors and global market conditions. Finance Minister Nirmala Sitharaman reaffirmed that New Delhi intends to continue buying Russian crude, describing it as a practical choice given price and supply stability. She referenced the high import dependency for energy and refined fuels and argued that decisions about suppliers are driven by utility and cost.
Diplomatic signals suggest that the trade impasse stems from more than tariffs and oil. Gor characterised previous delays as “hiccups” and praised the personal rapport between President Donald Trump and Prime Minister Narendra Modi as playing a pivotal role in reopening the dialogue. He noted shared strategic goals, including countering Chinese influence, enhancing regional stability, and expanding cooperation in defence and infrastructure.
Analysts warn that making the Russian oil condition a non-negotiable requirement may limit India’s flexibility. New Delhi has maintained that certain sectors — agriculture, dairy, small producers — cannot absorb full opening of its markets without harming domestic stakeholders. As US pressure mounts through tariffs and public statements, India seeks assurances about trade access, particularly for its exports, while preserving sovereign control over energy policy.
AACHEN, GERMANY – Newsaktuell – 11 September 2025 – FEV, a leading global engineering and consulting service provider for the energy industry has announced a strategic partnership with the Japan-based Chiyoda Corporation (Chiyoda). The company is one of the world’s leading integrated engineering firms, active in a wide range of business areas including energy, decarbonization, and life sciences. FEV and Chiyoda combine their expertise to offer customers […]
Wynn Resorts and its partners have earmarked land for a potential second integrated resort in Ras Al Khaimah, signaling long-term ambitions for expanding its gambling and hospitality footprint in the UAE. Under a shareholders’ agreement signed on 21 June 2024, Wynn, RAK Hospitality Holding and Al Marjan Island LLC designated multiple development plots on Al Marjan Island beyond their main Wynn Al Marjan Island project. The “Second […]
