GulfBase Live Support
The Abu Dhabi Investment Authority (ADIA) has committed an investment of up to $1 billion to India's National Investment and Infrastructure Fund (NIIF), according to a report.
ADIA will become the first institutional investor in the NIIF Master Fund and a shareholder in the fund’s investment management company — the National Investment and Infrastructure Limited, said the Indian Express report.
The initial size of the fund, set up two years ago, is being expected to close at $2.1 billion, it said.
ADIA is expected to bring in $200-250 million in the first fund and will invest the remaining portion in investment vehicles created by the NIIF, it said.
The government is not providing any guarantee on returns and the “investments will be done purely on commercial basis,” a Finance Ministry official was quoted as saying in the report.
The World Bank has announced its inaugural Human Capital Index, with Bahrain coming in the lead for the MENA region. Focusing on health and education, the Index measures how productive a child born t
Saudi Arabia’s gross domestic product (GDP) is expected to jump 29.53 percent to $889.5 billion by the year 2023 while comparing with the year 2017. The GDP is projected to increase 12.11 percent to
Real estate rental and sales prices continued to decline across much of the UAE last month as the fight for affordability persists, new data shows. Average residential sales prices in Dubai decrease
Rating agency S&P has reaffirmed the A- Stable rating for Oman Insurance Company (OIC), an important insurance player in the Gulf Cooperation Council (GCC).
It is one of the UAE’s leading
Times of Oman
The Special Economic Zone Authority of Duqm (Sezad) highlighted the investment opportunities available in Duqm to the business community in Washington through several meetings with American companies
Times of Oman