NEW DELHI: India’s growth rate slowed further in the last three months of 2021, the National Statistics Office said yesterday as it cut its forecast for the current financial year in the face of higher oil prices and geopolitical tensions. 

WASHINGTON: The United States and Western allies sought to cripple Russia’s banking sector and currency Saturday with an extraordinary set of sanctions punishing Moscow’s invasion of Ukraine. 

WASHINGTON: The uncertainty created by Russia’s invasion of Ukraine and its impact on the global economy is piling more complexity onto the US central bank’s already tough fight to contain rising prices. 

NICOSIA: In the breakaway statelet of northern Cyprus, people are grappling with a perfect economic storm-spiking global commodity prices, hobbled tourism and, above all, the fallout from Turkey’s financial crisis.

KYIV: Having evacuated part of his team from Kyiv, Mike Chobanian, boss of cryptocurrency exchange Kuna, is watching the effects of Russia’s invasion on his flourishing industry with a weary eye. 

WASHINGTON: The leaders of the World Bank and IMF signaled Thursday they were ready to help Ukraine, while warning that Russia’s invasion will have repercussions for the global economic recovery.

WASHINGTON: US manufactured goods orders increased far more than expected in January, according to government data released Friday, driven by a big increase in aircraft sales. 

KUWAIT: Kuwait has set its development goal in right earnest to develop and modernize its infrastructure to improve the quality of life of its citizens and residents. 

Fahad Al Mukhaizim:
• We, along with our partners, successfully exited a property in Manchester resulting in an attractive IRR of 16.2% and a return multiple of 1.46x for our investors.
• The exit is proof of investors’ confidence in NIC and its capabilities in consistently delivering successful outcomes.
• The property was acquired in 2019 for GBP 44.5 million and leased to retail giant Tesco.
• The company initially distributed quarterly dividends to investors at 9%, which was later increased to 10% in 2021, despite the challenges due to the COVID-19 pandemic.
• We had engaged in negotiations with the American Commercial Real Estate Investment Fund since the beginning of Q3 2021 in relation to the exit of our investment.