BLME News Reporter
2019 Porsche Cayenne S Review
(Bloomberg) -- The 2019 Porsche Cayenne S is a five-person SUV executed with the bland precision we’ve now come to expect from some of the...
The Firm That Wrecked Private Equity for the Middle East
(Bloomberg) -- The collapse of Abraaj Group didn’t just kill the private equity firm Arif Naqvi built in Dubai. It ruined the entire market.
Since Abraaj’s swift and spectacular collapse was set...
Saudi Quarterly Budget Deficit Widens as Capital Spending Jumps
(Bloomberg) -- Saudi Arabia’s budget deficit widened in the second quarter as officials ramp up spending to stimulate a sluggish economy.
The budget gap of...
Abraaj Fined Record $315 Million by Dubai Financial Services Authority
(Bloomberg) -- Dubai’s financial regulator, Dubai Financial Services Authority, fined Abraaj Group, the world’s biggest private equity insolvency to date, a record $315 million for deceiving...
Egyptians Are in Deeper Fiscal Hole as Economic Program Wraps Up
(Bloomberg) -- New figures spotlight the pain Egyptians are feeling as the government wraps up a three-year program credited with pulling the economy from the throes of...
Museum of Future Experiences Uses VR for Mind-Expanding Trips
(Bloomberg) -- If you find day-to-day reality terrifying, I’ve found a cure. The Museum of Future Experiences, which opened last week in New York’s SoHo neighborhood and runs...
DCT Abu Dhabi Announces AED600mn Fund to Attract Entertainment, Business Event Organisers
A specialised fund launched by the Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi) worth AED 600 million has been announced...
85% of Cyberattacks are Financially Motivated
Financially motivated attacks accounted for 85% of all cyberattacks in 2018, according to Secureworks’ 2019 Incident Response Insight Report.
The report, which brings together the...
Industry Insights: Oman’s Manufacturing Sector
Manufacturing is one of the vital sectors identified by the government of Oman as part of its economic diversification strategy 2040. The push to...
Mubadala Spends $19 Billion as Fund Expands Into New Industries
(Bloomberg) -- Mubadala Investment Co., an investor in SoftBank Group Corp.’s technology fund, spent about $19 billion last year as the Abu Dhabi wealth fund...