Dubai’s First Deputy Ruler, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, has held talks with the chief executive of global investment firm Brookfield Corporation on strengthening cooperation and attracting further investment to the emirate.
The meeting with Brookfield CEO Bruce Flatt focused on opportunities to expand partnerships, with both sides highlighting Dubai’s appeal to international investors. Officials pointed to the emirate’s financial system, regulatory environment and digital infrastructure as key strengths.
Discussions also underlined Dubai’s growing role as a link between markets in the East and West, as global investment flows continue to evolve.
His Highness Sheikh Maktoum, Deputy Prime Minister, Minister of Finance, and Chairman of the Dubai International Financial Centre (DIFC), said the emirate is focused on supporting long-term growth through partnerships and maintaining a business-friendly environment aligned with global trends in finance and investment.
Brookfield Corporation is one of the world’s largest alternative investment managers, with operations spanning infrastructure, real estate and renewable energy.
French luxury group LVMH has agreed to sell fashion brand Marc Jacobs to a joint venture between brand manager WHP Global and apparel company G-III Apparel Group, which are raising up to $850 million to fund the deal, the companies said on Thursday.
India on Thursday tightened rules for duty-free gold imports for jewellery exports by capping imports at 100 kg per licence, the government said in an order.
The US Senate on Wednesday voted to confirm Kevin Warsh as the chair of the Federal Reserve, paving the way for the lawyer, financier and former central-bank governor to take the reins of the Fed.
Dubai Taxi Company (DTC) has announced a major expansion deal, signing an agreement to acquire National Taxi, one of the UAE’s established taxi operators, in a transaction valued at AED 1.45 billion.
Dubai Holding has acquired a 22.27 per cent equity stake in Emaar Properties from the Investment Corporation of Dubai (ICD), becoming the company's largest shareholder with a total 29.73 per cent stake.
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