Author: Arabian Media staff
Image: Getty Images/ For illustrative purposes Saudi Arabia’s Capital Market Authority (CMA) has approved a wide-ranging package of regulatory reforms aimed at strengthening the asset management industry and aligning it with international standards. The approved amendments cover the Investment Funds Regulations, Real Estate Investment Funds Regulations, and the Glossary of Defined Terms. The reforms are intended to improve transparency, investor protection, fund governance, and operational flexibility, particularly for investment fund managers and real estate investment trusts (REITs). CMA’s key changes include Expanded distribution channels: Digital platforms and electronic money institutions licensed by the Saudi Central Bank can now distribute fund…
The U.S. investment bank goes through the reasons why the stock market keeps rising as new and higher tariff levels get announced. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sometimes an investment looks so terrible even Warren Buffett can’t fix it. Kraft Heinz, the maker of sauces and convenience foods, is poised to break itself up after years of faltering sales and a falling share price. It’s a forlorn attempt to placate shareholders who could have done much better elsewhere. Buffett has metaphorical ketchup down his shirt, but his own investors have, relative to others in Kraft, come out on top.Buffett’s investment company Berkshire Hathaway bought Heinz in 2013, in a…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A Milanese court placed Loro Piana under judicial administration for subcontracting production to suppliers that allegedly exploited workers, making the LVMH-owned cashmere brand the latest fashion house to be caught up in a series of investigations into labour rights violations. The court said Loro Piana had handed the production of apparel, including jackets, to Evergreen Fashion Group, which is owned by a Chinese company.“The production of such apparel had been carried out in a context of labour exploitation,” according to the ruling…
Image credit: UAE’s Ministry Of Energy & Infrastructure/Website The Ministry of Energy and Infrastructure in the UAE has announced the launch of a major project aimed at developing and enhancing the capacity of Emirates Road. This initiative forms part of a comprehensive national plan to tackle the persistent issue of traffic congestion and improve transportation efficiency across the country. The project reflects the UAE’s ongoing commitment to building smart, resilient, and sustainable infrastructure that supports economic growth objectives, raises the quality of life for residents, and enhances the overall efficiency of the federal road network, a WAM report said. Major…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Trade between the EU and US will be “almost impossible” if Donald Trump imposes the 30 per cent tariffs he has threatened, the bloc’s trade commissioner has said.Maroš Šefčovič’s comments ahead of a meeting of EU trade ministers on Monday came after the US president warned over the weekend that he would impose duties at that level on the EU from August 1.“If you’re talking about 30 per cent or 30 per cent plus, there will be a huge impact on trade,”…
Huawei Consumer Cloud Services has signed two strategic Memorandums of Understanding (MoUs) with leading regional digital content platforms, Anghami and Nabd, during the Huawei Developer Conference 2025 (HDC 2025). The agreements aim to strengthen Huawei Mobile Services (HMS) for Car by offering localised, reliable, and engaging infotainment solutions tailored for global automakers. Deepening regional integration for connected vehicles The partnerships tap into the regional influence of two major MENA platforms: Anghami, the region’s largest music streaming service, and Nabd, the top Arabic news aggregator. Both will deliver their content via HMS for Car, enabling auto manufacturers to provide enhanced, locally…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Lockheed Martin is in talks with mining companies to allow exploitation of its Pacific seabed licensing areas as global competition to secure access to critical minerals intensifies. The American defence group was awarded the two eastern Pacific licences in international waters by US regulators in the early 1980s during the first flush of interest in deep sea mining but never started work on them. Frank St John, Lockheed’s chief operating officer, said there was now a “large interest” in the company’s deposits from groups…
Stay informed with free updatesSimply sign up to the German economy myFT Digest — delivered directly to your inbox.Germany’s economy could have grown 50 per cent more between 2021 and 2024 if its export industries had not been held back by problems including labour shortages and bureaucracy, according to a Bundesbank study that highlights the scale of the country’s recent decline.The central bank’s simulation suggests German GDP would have expanded by 2.4 percentage points more over the period had exports kept pace with demand in key markets. While the Eurozone’s biggest economy grew 4.6 per cent overall in those years,…
Mubadala Investment Company, the Abu Dhabi-based investment firm, has joined forces with Partners Group, GIC, and TPG Rise Climate to acquire Techem, a leading international provider of digitally enabled energy efficiency solutions for the real estate sector, in a deal valued at approximately Dhs29bn (EUR 6.7bn). The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to complete in H2 2025. Founded in 1952, Techem serves over 440,000 customers across 18 countries and supports energy efficiency for more than 13 million dwellings worldwide.\ Techem offers low-investment, non-invasive services that enhance energy efficiency The company offers low-investment,…