Company Insights Abu Dhabi Investment Office Banking & Finance Abu Dhabi Investment Office News Banking & Finance Abu Dhabi courts celebrity investors to make its mark Abu Dhabi is increasingly turning to celebrities, from actors and comedians to boxers and writers, to increase its presence on the world stage. The UAE’s capital has attracted entrepreneurs from around the world who are investing and expanding their businesses in the emirate. Among the latest to announce plans to invest in Abu Dhabi are […] March 1, 2024 Banking & Finance Fintech Sarwa beefs up investment platform Sarwa Digital Wealth, an Abu Dhabi-based fintech, will this year add several new asset classes including private equity and real estate to its robo-advisory platform, the company’s CEO told AGBI. This development is indicative of a broader trend among fintech companies in the region, which are evolving from addressing isolated banking challenges to diversifying their […] February 2, 2024 Aviation French and Italian firms to test flying taxis in Abu Dhabi Abu Dhabi Investment Office (ADIO), an investment arm of the Abu Dhabi government, has signed agreements with France’s Ascendence and Italy’s Manta Aircraft to set up operations in the emirate’s smart and autonomous vehicles industry (Savi) cluster. The agreements were signed at the recently-concluded Dubai Airshow, the UAE state-run Wam news agency reported. Located in […] November 20, 2023 Transport Abu Dhabi signs up 3 more smart vehicle companies Masdar City’s smart and autonomous vehicles industry (SAVI) cluster has signed up three more companies, it was announced at Gitex Global this week. Abu Dhabi earlier this month unveiled plans to establish Savi, which aims to add up to AED120 billion ($33 billion) to the country’s economy. Abu Dhabi Investment Office (ADIO), an investment arm […] October 19, 2023 Transport US developer to build flying taxis in Abu Dhabi The day is drawing closer when a taxi ride between Dubai and Abu Dhabi takes only twenty minutes in an aircraft built in the UAE. A US developer of electric vertical takeoff and landing (eVTOL) aircraft has signed an agreement with the Abu Dhabi Investment Office (ADIO) to set up a manufacturing centre in Abu […] October 16, 2023 Tech Korean blockchain firm picks Abu Dhabi for global HQ Neoply, a South Korean blockchain technology company, is to establish its global headquarters in Abu Dhabi. The firm joins Abu Dhabi Investment Office’s (Adio) Innovation Programme, which is investing AED2 billion ($545 million) in supporting the growth of tech-focused industries in the emirate. Neoply is the blockchain arm of Neowiz Holdings, a prominent South Korean […] July 10, 2023 Tech Abu Dhabi’s G42 signs deal to improve UAE tech skills Abu Dhabi’s artificial intelligence company G42 has set up a joint venture with Israel’s Viola Group to address skills shortages in the tech sector. The venture will be known as Global Valley. A study by Korn Ferry estimated that by 2030 there will be a global talent deficit of approximately 85 million employees in the […] June 16, 2023 Retail Alabbar-founded Noon cuts 10% of jobs to lower costs E-commerce platform Noon.com has cut about 10 percent of its roughly 3,400-strong workforce to boost efficiency and lower costs. The layoffs at the Dubai-based firm include roles in marketing, advertising and other departments, the company founder Mohamed Alabbar told Bloomberg. Noon has been cutting costs and reducing headcount for the past year and a half, Alabbar added. […] April 19, 2023 Israel’s Liquidity Group to support Gulf startups with $500m Liquidity Group, an Israel-based fintech and asset manager, is looking to provide $500 million this year to support startups in the UAE and across the Middle East. The company reached unicorn status last month, with fresh investment of $40 million from Japan’s MUFG at a valuation of $1.4 billion. Launched in 2018, Liquidity Group provides […] March 6, 2023 Tech AeroFarms: the US business growing up (and up) in the Gulf Agtech giant AeroFarms is seeding its indoor vertical farms all over the Gulf, launching significant ventures in the UAE, Saudi Arabia and Qatar. The US company is set to play a pivotal role in tackling problems of farming in the desert-climate region, which has historically imported around 90 percent of its food requirements. AeroFarms claims […] March 1, 2023 Posts navigation Previous 1 2 3 … 5 Next
Banking & Finance Abu Dhabi courts celebrity investors to make its mark Abu Dhabi is increasingly turning to celebrities, from actors and comedians to boxers and writers, to increase its presence on the world stage. The UAE’s capital has attracted entrepreneurs from around the world who are investing and expanding their businesses in the emirate. Among the latest to announce plans to invest in Abu Dhabi are […] March 1, 2024
Banking & Finance Fintech Sarwa beefs up investment platform Sarwa Digital Wealth, an Abu Dhabi-based fintech, will this year add several new asset classes including private equity and real estate to its robo-advisory platform, the company’s CEO told AGBI. This development is indicative of a broader trend among fintech companies in the region, which are evolving from addressing isolated banking challenges to diversifying their […] February 2, 2024
Aviation French and Italian firms to test flying taxis in Abu Dhabi Abu Dhabi Investment Office (ADIO), an investment arm of the Abu Dhabi government, has signed agreements with France’s Ascendence and Italy’s Manta Aircraft to set up operations in the emirate’s smart and autonomous vehicles industry (Savi) cluster. The agreements were signed at the recently-concluded Dubai Airshow, the UAE state-run Wam news agency reported. Located in […] November 20, 2023
Transport Abu Dhabi signs up 3 more smart vehicle companies Masdar City’s smart and autonomous vehicles industry (SAVI) cluster has signed up three more companies, it was announced at Gitex Global this week. Abu Dhabi earlier this month unveiled plans to establish Savi, which aims to add up to AED120 billion ($33 billion) to the country’s economy. Abu Dhabi Investment Office (ADIO), an investment arm […] October 19, 2023
Transport US developer to build flying taxis in Abu Dhabi The day is drawing closer when a taxi ride between Dubai and Abu Dhabi takes only twenty minutes in an aircraft built in the UAE. A US developer of electric vertical takeoff and landing (eVTOL) aircraft has signed an agreement with the Abu Dhabi Investment Office (ADIO) to set up a manufacturing centre in Abu […] October 16, 2023
Tech Korean blockchain firm picks Abu Dhabi for global HQ Neoply, a South Korean blockchain technology company, is to establish its global headquarters in Abu Dhabi. The firm joins Abu Dhabi Investment Office’s (Adio) Innovation Programme, which is investing AED2 billion ($545 million) in supporting the growth of tech-focused industries in the emirate. Neoply is the blockchain arm of Neowiz Holdings, a prominent South Korean […] July 10, 2023
Tech Abu Dhabi’s G42 signs deal to improve UAE tech skills Abu Dhabi’s artificial intelligence company G42 has set up a joint venture with Israel’s Viola Group to address skills shortages in the tech sector. The venture will be known as Global Valley. A study by Korn Ferry estimated that by 2030 there will be a global talent deficit of approximately 85 million employees in the […] June 16, 2023
Retail Alabbar-founded Noon cuts 10% of jobs to lower costs E-commerce platform Noon.com has cut about 10 percent of its roughly 3,400-strong workforce to boost efficiency and lower costs. The layoffs at the Dubai-based firm include roles in marketing, advertising and other departments, the company founder Mohamed Alabbar told Bloomberg. Noon has been cutting costs and reducing headcount for the past year and a half, Alabbar added. […] April 19, 2023
Israel’s Liquidity Group to support Gulf startups with $500m Liquidity Group, an Israel-based fintech and asset manager, is looking to provide $500 million this year to support startups in the UAE and across the Middle East. The company reached unicorn status last month, with fresh investment of $40 million from Japan’s MUFG at a valuation of $1.4 billion. Launched in 2018, Liquidity Group provides […] March 6, 2023
Tech AeroFarms: the US business growing up (and up) in the Gulf Agtech giant AeroFarms is seeding its indoor vertical farms all over the Gulf, launching significant ventures in the UAE, Saudi Arabia and Qatar. The US company is set to play a pivotal role in tackling problems of farming in the desert-climate region, which has historically imported around 90 percent of its food requirements. AeroFarms claims […] March 1, 2023
