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Abu Dhabi Investment Authority

Abu Dhabi Investment Authority News

People, Person, Man
  • Analysis

Xi Jinping visits Saudi as GCC looks east on trade

When President Xi Jinping of China arrives in Saudi Arabia on Wednesday, it is likely to add further momentum to a flourishing relationship with the GCC that surpassed trade with the US and Europe combined last year. Three summits are planned during the three-day visit with over 20 agreements worth more than $29.3 billion expected […]

Adnoc

Adnoc chasing global growth with latest venture

Abu Dhabi National Oil Company (Adnoc) is creating a dedicated unit for low carbon solutions and international business. It is an attempt to monetise the decarbonisation strategy mandated to it by its board and the wider UAE government.  But the company must ensure that any future overseas work does not cannibalise that of the Abu […]

Supercomputers operate at a much higher level of performance compared to a general-purpose computer

Rise of the supercomputers: Gulf invests its oil profits in big tech

Abu Dhabi Investment Authority, the world’s third-largest sovereign wealth fund, has revealed plans to launch ADIA Lab, a centre dedicated to cutting-edge research in data science, artificial intelligence, machine learning and quantum computing.  From its base in the UAE capital, ADIA Lab will start work on December 2, supporting projects on climate change and energy […]

  • Analysis

Abu Dhabi sovereign wealth fund to deploy more into private credit

Abu Dhabi Investment Authority (ADIA) is upping its exposure to private credit to boost its returns, the world’s fifth largest sovereign wealth fund revealed in its 2021 annual review published on Thursday.  Private credit has flourished since the 2008 global financial crisis as banks became more risk averse in their lending and interest rates plunged, […]

Person, Human, Tie

Lulu Group targets Iraq and Africa ahead of Abu Dhabi IPO

Lulu Group International is planning a listing on the Abu Dhabi Securities Exchange in 2023 and has hired investment bank Moelis & Co to advise it. The supermarket chain, which has its headquarters in Abu Dhabi, also confirmed to AGBI that it will add new outlets to its network as it consolidates in the Middle […]

Person, Human, Judge
  • Analysis

Canada and Dubai grow closer with every deal struck

A Canadian pension fund company’s decision to invest $5 billion in UAE multinational logistics company DP World’s assets is a striking example of the deepening commercial ties between the two countries.   Caisse de Depot et Placement du Quebec’s (CPDQ) announced the deal on Monday. It will see CPDQ take a 22 percent stake in DP World’s prized assets in […]

Gulf ports trump US in global efficiency rankings

Heavy investment has seen the Middle East dominate the top of the rankings of a list of the most efficient container ports in the world, with some Saudi ports up to four times more efficient than their North American rivals. The latest edition of the Container Port Performance Index (CPPI), which was developed by the […]

Sheikh Khalifa bin Zayed al-Nahyan changed the face of the United Arab Emirates

Sheikh Khalifa, ‘master statesman’ who put UAE on the map

Analysts pay tribute to the visionary leader who transformed his region “The UAE is almost unrecognisable from 20 years ago and has developed into a vibrant and dynamic place where individuals and businesses can flourish,” according to Scott Livermore, chief economist at research group Oxford Economics Middle East. That is the legacy of Sheikh Khalifa […]