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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.
In the Gulf Corporation Council (GCC), net income of listed companies in the Islamic (takaful and Islamic cooperative tawuni) insurance sector nearly halved in 2017 to $375 million, from $674 millio
The Abu Dhabi Department of Economic Development is implementing seven of the 10 strategic initiatives linked to a three-year Dh50 billion stimulus package for the emirate unveiled in June, its head
The net income of listed companies in the GCC Islamic insurance sector has nearly halved in 2017 to $375m, from $674m in 2016. The decline in 2017 net income was mainly driven by weaker results in th
The Telecommunications Regulatory Authority (TRA) of the Sultanate is preparing a launch a key study aimed at, among other things, dampening the potential for market abuse by the sector’s dominant se
Oman Daily Observer
Organised by the Dubai Festivals and Retail Establishment (DFRE), an agency of the Department of Tourism and Commerce Marketing (Dubai Tourism), this year’s DSS, running from 22 June to 4 August, fea
Media Office Dubai