Company Insights Abu Dhabi Investment Authority Banking & Finance Abu Dhabi Investment Authority News Finance PIF top spender among sovereign funds in 2023 Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF), was the top spender worldwide among state-owned investors, the 2024 Global Sovereign Wealth Fund report has revealed, underlining the kingdom’s determination to reallocate its hydrocarbon revenues to diversify and expand its domestic economy. State-owned investors include sovereign wealth funds (SWFs), public pension funds and central banks, […] January 1, 2024 Exclusive Construction Aldar ‘confident’ of doubling market cap within five years Abu Dhabi developer Aldar Properties is ramping up an international expansion drive that, alongside plans to grow its UAE portfolio, will help to double its market cap, its group chief executive said. Aldar’s market cap is currently $12 billion, and group CEO Tilal Al Dhiyebi foresees “doubling that in five years,” he told AGBI in […] December 18, 2023 Analysis Trade Coffee fuels growth plans for UAE-Colombia trade The UAE finalised the terms of a trade deal with Colombia on Saturday as a Dubai free zone is also targeting growth with the commodities-rich nation. The comprehensive economic partnership agreement (Cepa) is the first bilateral trade deal between the Gulf and South America. Dubai Multi-Commodities Centre (DMCC) brought its Made for Trade Live roadshow […] December 4, 2023 Finance US private equity giant General Atlantic opens Gulf offices Global private equity firm General Atlantic, which manages $77 billion in assets, is opening offices in the UAE and Saudi Arabia. The company has been investing in the Middle East since 2015 without a local base, but is now establishing a stronger foothold as it nears the completion of new investment deals in the region. […] November 29, 2023 Banking & Finance Fund managers hedge bets between Dubai and Abu Dhabi A growing number of hedge funds are choosing to register in both the UAE’s financial hubs, according to the CEO of a consultancy that advises businesses on setting up in the Emirates. Clare Curtis, CEO of Effecta Compliance, told an investment conference on Monday that there was strong interest in the Dubai International Financial Centre […] November 1, 2023 Trade UAE-Turkey trade set for 50% rise to $15bn in 2023 Bilateral trade between the UAE and Turkey is set to jump by 50 percent to hit $15 billion by the end of the year following the signing of a comprehensive economic cooperation agreement (Cepa) in September. “We have exceeded $14 billion in the first nine months of this year,” Daily Sabah newspaper reported, citing trade […] November 1, 2023 Trade UAE investment in Turkey nears $6bn since 2002 Foreign direct investment from the UAE to Turkey has surged to $5.6 billion (AED20.6 billion) from 2002 until August 2023, said Mesaid Ahmet Burak Daglioglu, head of the investment office of the Turkish presidency. Nearly 600 UAE companies are operating in Turkey as of the first half of 2023, he told the UAE state-owned Wam […] October 18, 2023 Retail Adia to invest $598m in India’s Reliance Retail Reliance Retail Ventures, a subsidiary of India’s Reliance Industries Limited (RIL), is planning to raise 49.67 billion rupees ($598 million) from the Abu Dhabi Investment Authority (Adia). The investment by a wholly owned subsidiary of the UAE’s sovereign wealth fund will translate into an equity stake of 0.59 percent in Reliance Retail, which makes it […] October 8, 2023 Finance Abu Dhabi firm launches $50bn asset manager Abu Dhabi-based Chimera Investment has launched Lunate, an alternative investment manager with over $50 billion in assets under management (AUM). The company – one of the Middle East and North Africa’s (Mena) largest alternative investment managers – will be based in the Abu Dhabi Global Market. It will invest across private equity, venture capital, private […] September 17, 2023 Finance Mena targets US as outbound M&A deals jump 53% Entities from the Middle East and North Africa agreed deals to purchase companies outside the region worth almost $31 billion in the first half of 2023 as cash-rich sovereign wealth funds and other government-related bodies shrugged off rising interest rates to expand their foreign portfolios. The outbound M&A total deal value was $30.6 billion, up […] August 31, 2023 Posts navigation Previous 1 … 9 10 11 … 14 Next
Finance PIF top spender among sovereign funds in 2023 Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF), was the top spender worldwide among state-owned investors, the 2024 Global Sovereign Wealth Fund report has revealed, underlining the kingdom’s determination to reallocate its hydrocarbon revenues to diversify and expand its domestic economy. State-owned investors include sovereign wealth funds (SWFs), public pension funds and central banks, […] January 1, 2024
Exclusive Construction Aldar ‘confident’ of doubling market cap within five years Abu Dhabi developer Aldar Properties is ramping up an international expansion drive that, alongside plans to grow its UAE portfolio, will help to double its market cap, its group chief executive said. Aldar’s market cap is currently $12 billion, and group CEO Tilal Al Dhiyebi foresees “doubling that in five years,” he told AGBI in […] December 18, 2023
Analysis Trade Coffee fuels growth plans for UAE-Colombia trade The UAE finalised the terms of a trade deal with Colombia on Saturday as a Dubai free zone is also targeting growth with the commodities-rich nation. The comprehensive economic partnership agreement (Cepa) is the first bilateral trade deal between the Gulf and South America. Dubai Multi-Commodities Centre (DMCC) brought its Made for Trade Live roadshow […] December 4, 2023
Finance US private equity giant General Atlantic opens Gulf offices Global private equity firm General Atlantic, which manages $77 billion in assets, is opening offices in the UAE and Saudi Arabia. The company has been investing in the Middle East since 2015 without a local base, but is now establishing a stronger foothold as it nears the completion of new investment deals in the region. […] November 29, 2023
Banking & Finance Fund managers hedge bets between Dubai and Abu Dhabi A growing number of hedge funds are choosing to register in both the UAE’s financial hubs, according to the CEO of a consultancy that advises businesses on setting up in the Emirates. Clare Curtis, CEO of Effecta Compliance, told an investment conference on Monday that there was strong interest in the Dubai International Financial Centre […] November 1, 2023
Trade UAE-Turkey trade set for 50% rise to $15bn in 2023 Bilateral trade between the UAE and Turkey is set to jump by 50 percent to hit $15 billion by the end of the year following the signing of a comprehensive economic cooperation agreement (Cepa) in September. “We have exceeded $14 billion in the first nine months of this year,” Daily Sabah newspaper reported, citing trade […] November 1, 2023
Trade UAE investment in Turkey nears $6bn since 2002 Foreign direct investment from the UAE to Turkey has surged to $5.6 billion (AED20.6 billion) from 2002 until August 2023, said Mesaid Ahmet Burak Daglioglu, head of the investment office of the Turkish presidency. Nearly 600 UAE companies are operating in Turkey as of the first half of 2023, he told the UAE state-owned Wam […] October 18, 2023
Retail Adia to invest $598m in India’s Reliance Retail Reliance Retail Ventures, a subsidiary of India’s Reliance Industries Limited (RIL), is planning to raise 49.67 billion rupees ($598 million) from the Abu Dhabi Investment Authority (Adia). The investment by a wholly owned subsidiary of the UAE’s sovereign wealth fund will translate into an equity stake of 0.59 percent in Reliance Retail, which makes it […] October 8, 2023
Finance Abu Dhabi firm launches $50bn asset manager Abu Dhabi-based Chimera Investment has launched Lunate, an alternative investment manager with over $50 billion in assets under management (AUM). The company – one of the Middle East and North Africa’s (Mena) largest alternative investment managers – will be based in the Abu Dhabi Global Market. It will invest across private equity, venture capital, private […] September 17, 2023
Finance Mena targets US as outbound M&A deals jump 53% Entities from the Middle East and North Africa agreed deals to purchase companies outside the region worth almost $31 billion in the first half of 2023 as cash-rich sovereign wealth funds and other government-related bodies shrugged off rising interest rates to expand their foreign portfolios. The outbound M&A total deal value was $30.6 billion, up […] August 31, 2023
