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Babu Das Augustine


Articles

Saad Al Kaabi, right, and Bruce Chinn sign the deal at the QatarEnergy headquarters in Doha. AFP
QatarEnergy and Chevron Phillips Chemical sign $6bn deal

The project includes an ethane cracker and two high-density polyethylene derivative units

EnergyJanuary 08, 2023
Babu Das Augustine
The plan aims to double Dubai's economy in the next decade. Reuters
Sheikh Hamdan and Sheikh Maktoum review Dubai D33 road map

Senior officials discuss importance of achieving plan's targets over next 10 years

EconomyJanuary 08, 2023
Babu Das Augustine
A mobile phone factory in India. The country's manufacturing sector registered a robust improvement in December. Bloomberg
India's manufacturing industry growth hits 13-month high

Upturn in sector was supported by resilience of demand and strong sales growth

EconomyJanuary 02, 2023
Babu Das Augustine
The UAE will levy a headline 9 per cent corporate tax rate on income exceeding Dh375,000. Silvia Razgova / The National
UAE businesses will have up to nine months to comply with corporate tax

Payment and compliance deadline allows taxpayers up to 21 months from June 1, when the tax regime comes into effect, the Ministry of Finance says

EconomyDecember 14, 2022
Babu Das Augustine
The Abu Dhabi skyline. UAE government revenues for the third quarter of this year increased to Dh148.1 billion according to the Ministry of Finance. Reuters
UAE government revenues up more than 17% in third quarter

Public spending increased to $26.3bn in the three-month period, preliminary government data shows

EconomyDecember 14, 2022
Babu Das Augustine
Mohamed Alabbar at the bell ringing ceremony at Abu Dhabi Securities Exchange. Victor Besa / The National
UAE well positioned to face global economic headwinds, Alabbar says

Exclusive: robust growth supported by both oil and non-oil sectors, low government debt and diversified income streams

EconomyDecember 13, 2022
Babu Das Augustine
Many crypto exchanges have seen revenue slump as trading activity fell off in recent months with crypto prices plunging. AP
Crypto exchange Kraken to lay off 30% of staff

Job cuts at the world’s third-biggest crypto exchange by daily trading volume follow similar moves by rivals

CryptocurrenciesDecember 01, 2022
Babu Das Augustine
Founder and chief executive Husam Aboul Hosn says Crunch aims to make money management easy and accessible to everyone. Photo: Crunch
How Crunch can help people manage their money better

The personal finance app allows users to grow their net worth and achieve financial well-being through a secure platform

Start-UpsNovember 28, 2022
Babu Das Augustine
The UAE created the Public-Private Partnership Sub-Committee (PPPSC) last year to co-ordinate between public and private sectors in various anti-money laundering efforts. Antonie Robertson / The National
UAE committee details plans to boost information sharing on financial crimes

Public-private partnership sub committee was formed last year to enhance country’s efforts to stop money laundering and terror financing

EconomyNovember 22, 2022
Babu Das Augustine
DFM chief executive Hamed Ali, S&P's Charbel Azzi and other executives at the bell-ringing ceremony to mark the launch of new DFM general index. Photo: DFM
DFM launches new general index amid thriving bourse activity

Move is expected to provide greater transparency for investors and enhance global best practice, stock market says

MarketsNovember 21, 2022
Babu Das Augustine
The Abu Dhabi skyline. The UAE has introduced a new law to support the organisation and development of the national industrial sector. AP
UAE President issues new law on regulation and development of industry

Decree will become effective in January 2023 and will be applied to all industrial activities in the country

EconomyNovember 09, 2022
Babu Das Augustine
Emirates Steel Arkan's third-quarter revenues rose 29 per cent to Dh2.51bn, compared with Dh1.94bn in the same period last year. Bloomberg
Emirates Steel Arkan posts third-quarter net profit of Dh103m on sales and efficiencies

Revenue rose 29% annually to $681m in the three-month period

MarketsNovember 01, 2022
Babu Das Augustine
The market value of the Abu Dhabi Securities Exchange increased 60 per cent to Dh2.2 trillion ($600 billion) at the end of the third quarter. Photo: ADX
Abu Dhabi Securities Exchange’s traded value jumps 31 per cent in first nine months

The market capitalisation of the bourse surged an annual 60% at the end of the third quarter

MarketsOctober 21, 2022
Babu Das Augustine
Abu Dhabi Investment Authority's Adia Lab aims to play a key role in contributing to the emirate's digital development. Rich-Joseph Facun / The National
Adia to set up centre for data and computational science research

The lab will officially be launched in Abu Dhabi on December 2, 2022

TechnologyOctober 18, 2022
Babu Das Augustine
The Abu Dhabi Investment Authority and Mubadala co-hosted the One Planet Sovereign Wealth Funds (Opswf) Network in Abu Dhabi. Stephen Lock / The National
SWFs, asset managers and private investment funds convene to support Paris Agreement

Members express intention to formally establish One Planet Sovereign Wealth Funds as a permanent organisation, supporting climate action

Road to Net ZeroOctober 06, 2022
Babu Das Augustine
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