Vandana Srinivas
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Insurance
Insurance giant LIC opens IPO sale for investors
Institutional investors flocked to buy shares in India’s state-run insurance giant Life Insurance Corporation (LIC) in a $2.75 billion (£2.18…
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Technology
Dubai’s VARA becomes world’s first regulating body in Metaverse
With the opening of its Metaverse HQ in the dynamic virtual world of ‘The Sandbox,’ Dubai’s Virtual Assets Regulatory Authority…
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Banking
Citigroup in ‘Active Dialog’ about selling its Russian retail operations
Citigroup Inc.’s consumer and commercial banking operations in Russia are in “active dialogue” with possible buyers, according to Chief Executive…
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Energy
Sharjah’s Waste to Energy Facility begins operations
The construction of the first Waste-to-Energy facility is completed in Sharjah, UAE. The project, Emirates Waste to Energy Company, is…
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Technology
Global chip shortage hurts tech and automotive industry alike
Due to a persistent shortage of chips and other essential ingredients, some of the world’s largest tech and automotive businesses…
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Retail
Mukesh Ambani in plans to buy Boots in the UK region
According to a report in the UK media, Mukesh Ambani’s Reliance Industries is planning a joint bid for Britain’s well-known…
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Banking
First Abu Dhabi Bank records highest ever profit in the first quarter of 2022
First Abu Dhabi Bank (FAB), the UAE’s largest lender by assets, recorded a net profit of $1.38 billion (AED 5.1…
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Finance
World Bank warns of Stagflation in 3 years, cites Ukraine war as the reason
According to the World Bank’s newest Commodity Markets Outlook report, the war in Ukraine has thrown a big wrench in…
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Energy
Russia Company Holds Gas Supply to Poland and Bulgaria over Rouble Payments
Gazprom, a Russian energy company, said today that it had cut off gas supplies to Bulgaria and Poland for failing…
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Leadership
China will boost its infrastructure construction, promises Xi Jinping
Chinese President Xi Jinping stated on Tuesday that China will speed up infrastructure development, including oil and gas pipelines, as…
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