The real estate and properties transactions valued at 3.4 billion in total during the week ending 06 May 2021. The sum of transactions was 1,557.
Dubai Airport Freezone Authority (DAFZA) has announced that its foreign non-oil trade reached more than AED119 billion in 2020. The free zone contributed 10% to Dubai's non-oil foreign trade and 25% to the total trade in free zones in the emirate of Dubai. This affirms the free zone's capability in overcoming the challenges and consequences of the pandemic. The results demonstrate DAFZA's integrated ecosystem that ensures continuity of global trade despite various economic conditions and fluctuations.
Brox Equity, a private company registered in Alberta, Canada, is combining traditional energy and the emerging crypto experience as a way to contribute to Canada’s economic recovery for the energy industry. The company is raising up to US$20 million through an innovative exempt digital security offering which will provide investors with diversified exposure to bitcoin, natural gas and electricity.
Investors in technologies start to dominate the rankings of the world’s billionaires. A comparison of this year’s data with figures from five years ago (2016) shows a clear shift from traditional industries and diversified portfolios towards a bet on new technologies. While five years ago, the top five richest people in the world according to the Forbes ranking included just Bill Gates (1) and Jeff Bezos (5), this year’s TOP5 only comprises one person not concentrating on technologies - Bernard Arnault who controls the luxury brand Luis Vuitton. In the top ten, ‘technologists’ have taken seven positions compared to minority four places five years ago. This is the result of the industry analysis of billionaires’ wealth made by Gulf Brokers.
Kyriba’s Currency Impact Report (CIR), a comprehensive report detailing the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe, revealed negative impact from currency volatility of $6.16 billion. European companies experienced greater headwinds than their North American counterparts in the fourth quarter of 2020, reporting $4.77 billion in FX-related negative impact. By comparison, North American corporations reported $1.39 billion in negative impact. Kyriba is a global leader of treasury, finance and IT cloud software.