Shuaa unit inks deal to manage portfolio worth $400 million

Dubai: Shuaa Capital said on Tuesday that one of its offshore units finalised a deal to manage an investment portfolio of assets worth $400 million. The deal will increase assets under management of Shuaa and its units to $13.4 billion, the Dubai-based investment bank said. Shuaa added that the deal is expected to generate various […]

FAB releases 2020 global investment outlook report

Abu Dhabi: First Abu Dhabi Bank (FAB) on Tuesday released its 2020 Global Investment Outlook Report, with the bank’s industry experts forecasting economic growth for the UAE in 2020. The International Monetary Fund (IMF) forecasts that the country will grow 2.5 per cent in 2020, a significant acceleration compared to the 1.6 per cent the […]

US firms could win lucrative job of cleaning up China’s bad debt

Beijing: One surprising part of the trade deal struck between US President Donald Trump and Beijing is that US investors won a direct shot at the potentially lucrative job of helping China clean up its heap of bad debt. China is embracing foreign capital as it grapples with a tide of soured debt. Some estimate […]