Latest news with #GII
BusinessToday
4 days ago
- Business
- BusinessToday
Local Bond Performance Hinges On Final Tariff Deal
Malaysian Government Securities (MGS) and Government Investment Issues (GII) saw their yields decline this week, a movement partly influenced by softer US Treasury yields and domestic policy measures. However, upcoming tariff risks ahead of the August 1 deadline are poised to introduce volatility. Across the curve, MGS and GII yields fell between 0.8 to 3.3 basis points (bps). The benchmark 10-year MGS dipped by 1.7 bps to 3.418%, while the 10-year GII decreased by 2.1 bps to 3.466%. Notably, the 3-year MGS experienced a more significant drop of 3.3 bps, as markets continue to price in the possibility of another rate cut by Bank Negara Malaysia (BNM). BNM had already reduced its Overnight Policy Rate (OPR) by 25 basis points to 2.75% earlier this month, marking its first cut since July 2020. Domestically, the government's recent 'Appreciation Package' – which includes a one-off RM100 cash handout for all adult citizens and a planned reduction in RON95 fuel prices – is seen as supportive of consumption and easing living costs. This, coupled with a solid 4.5% advance Gross Domestic Product (GDP) reading for the second quarter of 2025, has contributed to the downward bias in yields. Steady demand, as observed in recent bond auctions, also added to the momentum. Looking ahead, Kenanga Research expects yields to remain range-bound next week, albeit with a mild upward bias. The primary concern weighing on foreign demand for Malaysian bonds is the uncertainty surrounding US-Malaysia trade talks. Since the announcement of a potential 25.0% tariff on Malaysian exports on July 8, foreign investors have been net sellers of over RM5.0 billion in government bonds as of July 18. A failure to secure tariff concessions by the August 1 deadline could further dampen investor sentiment and potentially pressure the ringgit. The upcoming Purchasing Managers' Index (PMI) release on August 1 will also be closely watched, with any upside surprise potentially offering modest support to the market. For the ringgit, immediate support against the US dollar is noted at 4.22, with resistance at 4.23. Analysts anticipate elevated volatility in the 4.20–4.25/USD range in the coming week, given the confluence of economic data releases and the politically sensitive trade negotiations. Related
Time of India
18-07-2025
- Business
- Time of India
Cupid shares zoom 10% in 3 days following strategic partnership to enter Middle East market
Cupid Ltd , one of India's leading manufacturers of health and personal care products, saw its shares rally by 10% over the past three days, reaching a new all-time high of Rs 147 on BSE today. This surge in stock price follows the company's announcement of a strategic investment in GII Healthcare Investment Ltd , a healthcare-focused investment vehicle managed by Gulf Islamic Investments (GII), on July 15. Explore courses from Top Institutes in Select a Course Category MCA Digital Marketing Product Management Management Data Analytics Healthcare MBA PGDM Data Science Project Management Artificial Intelligence Operations Management Design Thinking healthcare Technology Finance Leadership Degree others CXO Public Policy Others Cybersecurity Data Science Skills you'll gain: Programming Proficiency Data Handling & Analysis Cybersecurity Awareness & Skills Artificial Intelligence & Machine Learning Duration: 24 Months Vellore Institute of Technology VIT Master of Computer Applications Starts on Aug 14, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo In the announcement, Cupid revealed its investment in GII Healthcare, which holds a significant minority equity stake in a prominent healthcare provider based in Saudi Arabia. GII, a leading investment firm with assets exceeding US$ 3.5 billion, operates across Saudi Arabia, the UAE, Europe, the USA, and India. This investment marks Cupid's first strategic foray into the Middle East, as the company diversifies into global markets with high growth potential. The company's CEO, in a statement, emphasized that the move reflects Cupid's long-term vision to drive new growth opportunities in international markets, with a focus on the healthcare and FMCG sectors. Live Events 'We are proud to invest in the healthcare-focused investment vehicle of GII in this landmark partnership. This investment represents a secure, dollar-denominated asset and lays the foundation for Cupid's entry into the Gulf region. Our personal care products align strongly with the patient demographic in the GCC, creating future synergies and huge distribution opportunities,' said Aditya Kumar Halwasiya, Chairman and Managing Director of Cupid. The company's strategic investment in GII Healthcare highlights its commitment to expanding its portfolio and accelerating growth in emerging markets. Cupid has been recognized for its innovative health and personal care products, including wellness and hygiene items, diagnostic kits, fragrances, hair oils, and other FMCG offerings. Also read: Motherson Sumi, Samvardhana Motherson International shares rise up to 4% on bonus share issue record date ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Muscat Daily
16-07-2025
- Business
- Muscat Daily
Team charts strategy to elevate Oman's Global Innovation ranking
Muscat – Oman's national team tasked with improving the sultanate's standing in the Global Innovation Index (GII) convened its 21st meeting on Wednesday to review strategic developments and simulation tools that could support future policy shifts. Chaired by H E Dr Saif bin Abdullah al Hadabi, Undersecretary at Ministry of Higher Education, Research and Innovation, the meeting focused on applying recommendations from a recent regional workshop organised by United Nations Economic and Social Commission for Western Asia (ESCWA). The workshop introduced a simulation system aimed at helping Arab policymakers assess gaps and build targeted innovation strategies. Team members discussed methodologies presented at the workshop, including the use of simulation tools to analyse GII indicators and build improvement scenarios. They also reviewed progress in formulating a medi-um-term strategic plan and outlined operational steps for both the policies and initiatives team and data management team. The GII team operates under the National Competitiveness Committee and aims to improve Oman's global innovation ranking through a unified, cross-sectoral approach. It coordinates efforts with Oman Vision 2040 Implementation Follow-up Unit, the National Centre for Statistics and Information, and other stakeholders.
Time of India
16-07-2025
- Business
- Time of India
Cupid invests in GII Healthcare Investment; enters Gulf region
New Delhi: Cupid Ltd on Wednesday announced a strategic investment in GII Healthcare Investment Ltd, a healthcare-focused investment vehicle managed by Gulf Islamic Investments (GII). The company, which is into the production of male and female condoms , water-based personal lubricants, IVD kits etc, however, did not share the financial details. Explore courses from Top Institutes in Select a Course Category Leadership MCA Technology Degree Public Policy Project Management Data Analytics Management Digital Marketing others Finance MBA Data Science CXO Design Thinking healthcare Healthcare Cybersecurity Product Management Data Science PGDM Others Artificial Intelligence Operations Management Skills you'll gain: Duration: 12 Months IIM Kozhikode SEPO - IIMK CEO Programme India Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Advanced Strategic Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 22 Weeks Indian School of Business SEPO - ISB Venture Capital & Private Equity India Starts on undefined Get Details Skills you'll gain: Duration: 12 Weeks IIM Kozhikode CERT-IIMK EPIS Async India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML SLP India Starts on undefined Get Details Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details Skills you'll gain: Opportunities & Outlining Plans to use AI & ML Applying Data-Driven Business Innovation Best Practices Changing Culture to Integrate AI-Enabled Technologies Ethics, Privacy and Regulations in AI & ML Duration: 20 Weeks Indian School of Business ISB Leadership in AI Starts on May 14, 2024 Get Details Skills you'll gain: Strategic Thinking & Planning Competitive Advantage & Market Positioning Strategic Leadership & Decision-Making Change Management & Organizational Transformation Duration: 1 Year IIM Kozhikode IIMK Advanced Strategic Management Programme Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Senior Management Programme Starts on undefined Get Details Skills you'll gain: Critical Thinking & Decision-Making Skills Power of Emerging Technologies Innovation and Drive Organizational Change Fostering a Culture of Innovation Duration: 9 Months MIT xPRO MIT Technology Leadership and Innovation Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Financial Accounting & Analysis Financial Instruments & Markets Corporate Finance & Valuation Investment Management & Banking Duration: 12 Months IIM Kozhikode IIMK Professional Certificate in Financial Analysis and Financial Management Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 10 Months IIM Indore Executive Programme in Business Management Starts on undefined Get Details GII Healthcare Investment Limited holds a significant minority equity stake in a prominent healthcare provider based in Saudi Arabia. GII is a leading investment firm with assets under management exceeding USD 3.5 billion across Saudi Arabia, UAE, Europe, the US and India. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Tại sao CFD tiền mã hóa có thể phù hợp với danh mục đầu tư của bạn IC Markets Tìm hiểu thêm Undo "This investment represents a secure, dollar-denominated asset, and lays the foundation for Cupid's entry into the Gulf region," Cupid Ltd Chairman and MD Aditya Kumar Halwasiya said in a regulatory filing. The company's personal care products align strongly with the patient demographic in the GCC, creating future synergies and huge distribution opportunities, he added.
Business Upturn
15-07-2025
- Business
- Business Upturn
Cupid makes strategic investment in GII Healthcare to enter Middle East market
By Aman Shukla Published on July 15, 2025, 16:03 IST Cupid Limited, a well-established Indian manufacturer of personal care and health products, has announced a strategic investment in GII Healthcare Investment Limited. The move marks Cupid's first step into the Middle East healthcare space, aligning with its broader plan to expand internationally. GII Healthcare Investment Limited is managed by Gulf Islamic Investments (GII), a financial services firm with assets under management of over US$3.5 billion. GII operates across several regions including Saudi Arabia, the UAE, Europe, the USA, and India. The healthcare investment vehicle holds a significant minority stake in a leading healthcare provider based in Saudi Arabia. Through this investment, Cupid aims to explore growth opportunities in global markets, particularly those with strong demand in healthcare and wellness. The company manufactures a wide range of health and personal care products such as hygiene items for men and women, diagnostic kits, fragrances, and other fast-moving consumer goods. Cupid stated that this move is in line with its long-term business strategy focused on preventive healthcare and expanding its global footprint. The company also reaffirmed its commitment to responsible growth and aligning business decisions with shareholder interests and corporate values. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
