Company Insights ADQ Banking & Finance ADQ Overview ADQ – Abu Dhabi Developmental Holding Company – was established in 2018 by the government of Abu Dhabi. It is the 10th-largest sovereign wealth fund in the world, according to data from analyst Global SWF, and the 16th-largest fund when public pension funds are also considered. Abu Dhabi’s government transferred its stakes in 13 companies to ADQ in 2019. These included Abu Dhabi Power Corporation (since merged with Taqa), Abu Dhabi Ports, Etihad Rail, Abu Dhabi Health Services Company, National Health Insurance Company (Daman) and Abu Dhabi Airports Company. ADQ’s portfolio now spans about 25 companies across sectors including utilities, transportation, healthcare, agriculture and real estate. Subsidiaries include Etihad Airways, Abu Dhabi Airports Company, Wizz Air Abu Dhabi, Abu Dhabi Securities Exchange, Abu Dhabi National Exhibitions Company, Emirates Nuclear Energy Corporation, Emirates Water and Electricity Company, Louis Dreyfus Company and LuLu Group International. In February 2024 ADQ signed a $35 billion agreement with the Egyptian government to develop Ras El Hekma, and it is also busy with a $5 billion investment in infrastructure and other projects in Jordan announced in May May also saw ADQ issue its first bonds, selling $2.5 billion of debt on the London Stock Exchange, in what the company said marked a “significant step” in diversifying its funding sources. ADQ News Trade Ahead of Trump visit, New Jersey courts Gulf investment New Jersey Governor Phil Murphy is leading a mission to Saudi Arabia, the UAE and Bahrain as US states compete for a share of more than $2 trillion of investment and trade which Gulf Arab countries have pledged to the US over the next decade. The trip, which ends on Saturday, comes just two weeks […] April 30, 2025 Aviation ‘I expect more Europeans to come’: Etihad chief shrugs off tariffs Abu Dhabi’s Etihad Airways is not seeing any effects from the turmoil caused by US President Donald Trump’s tariff policies, its CEO Antonoaldo Neves told Reuters on Monday, while adding it was too early to fully gauge the impact of the levies. Trump’s announcement of sweeping tariffs on dozens of US trading partners this month […] April 29, 2025 Construction Egyptian minister touts Ras El Hekma as blueprint for global deals Egypt’s Ras El Hekma deal with the United Arab Emirates shows how creditor and debtor countries around the world can work together for mutual benefit, the Egyptian minister of planning has said. It may also lead to similar agreements with other Gulf nations, according to Rania Al Mashat. “What Ras El Hekma has done is […] April 28, 2025 People & Lifestyle Starzplay reports record growth driven by AI Abu Dhabi-backed streaming platform Starzplay said it made record revenue last year, passing $100 million for the first time, supported by “artificial intelligence content discovery.” In 2022, the Abu Dhabi-based ADQ and a unit of federal telecommunications company e& (formerly Etisalat) bought a majority stake in Starzplay for $420 million. Since then revenue at the […] April 24, 2025 Logistics CEO of Dubai’s logistics company Aramex resigns Othman Al-Jeda, group CEO of Dubai-listed logistics company Aramex, has resigned, the company said in a filing to the Dubai Financial Market on Thursday. Othman resigned “for personal reasons”, the company said, adding that the board of directors has appointed current chief financial officer Nicolas Sibuet as acting group CEO effective April 24. Nicolas joined […] April 24, 2025 Economy Qatar to invest over $7bn in Egypt’s economy Qatar has pledged to invest $7.5 billion in Egypt as the North African country seeks to attract new money and boost economic growth, the countries said in a joint statement. The commitment was given during a meeting between Egypt’s President Abdel Fattah El-Sisi and Qatar’s Emir Sheikh Tamim Bin Hamad A-Thani, the state-owned State Information […] April 15, 2025 Manufacturing Egypt’s Hassan Allam to build concrete hub for Ras El Hekma Egypt’s Hassan Allam Holding has said one of its subsidiaries has signed a memorandum of understanding with Abu Dhabi-listed Modon Holding to supply construction materials for the Ras El Hekma megaproject on the Mediterranean. 3S Ready Mix, one of the country’s largest ready mix concrete suppliers, will develop a ready mix factory and a concrete products hub […] April 14, 2025 Logistics AD Ports moves ahead with Angolan port upgrade State-controlled Abu Dhabi ports operator AD Ports Group is to upgrade Angola’s largest port as it expands its reach in Africa, the company said in a statement. The company has appointed UAE-based Mar Construction Civil & Obras Publicas to design and build the port’s infrastructure, the statement said. Additionally, the company has engaged Lebanon-based Dar Al […] April 7, 2025 Trade UAE enters the major league of Turkish export markets Turkey’s exports to the GCC bloc rose sharply in February, driven by a strong increase in shipments to the United Arab Emirates. The UAE figures offset falls in sales to some other GCC member states. The numbers were released before the detention two weeks ago of Istanbul mayor and leading opposition figure Ekrem İmamoğlu, which […] April 3, 2025 Construction Modon to build industrial zone near Egypt’s Ras El Hekma A joint venture between Abu Dhabi-listed Modon Holding and Egypt’s Elsewedy Industrial Development is planning to build a new industrial zone near the $35-billion Ras El Hekma megaproject. The two companies have signed a letter of intent for the project, state-run news agency Wam reported. The 10 million sq m new industrial zone, located south […] March 28, 2025 Posts navigation 1 2 … 21 Next
Trade Ahead of Trump visit, New Jersey courts Gulf investment New Jersey Governor Phil Murphy is leading a mission to Saudi Arabia, the UAE and Bahrain as US states compete for a share of more than $2 trillion of investment and trade which Gulf Arab countries have pledged to the US over the next decade. The trip, which ends on Saturday, comes just two weeks […] April 30, 2025
Aviation ‘I expect more Europeans to come’: Etihad chief shrugs off tariffs Abu Dhabi’s Etihad Airways is not seeing any effects from the turmoil caused by US President Donald Trump’s tariff policies, its CEO Antonoaldo Neves told Reuters on Monday, while adding it was too early to fully gauge the impact of the levies. Trump’s announcement of sweeping tariffs on dozens of US trading partners this month […] April 29, 2025
Construction Egyptian minister touts Ras El Hekma as blueprint for global deals Egypt’s Ras El Hekma deal with the United Arab Emirates shows how creditor and debtor countries around the world can work together for mutual benefit, the Egyptian minister of planning has said. It may also lead to similar agreements with other Gulf nations, according to Rania Al Mashat. “What Ras El Hekma has done is […] April 28, 2025
People & Lifestyle Starzplay reports record growth driven by AI Abu Dhabi-backed streaming platform Starzplay said it made record revenue last year, passing $100 million for the first time, supported by “artificial intelligence content discovery.” In 2022, the Abu Dhabi-based ADQ and a unit of federal telecommunications company e& (formerly Etisalat) bought a majority stake in Starzplay for $420 million. Since then revenue at the […] April 24, 2025
Logistics CEO of Dubai’s logistics company Aramex resigns Othman Al-Jeda, group CEO of Dubai-listed logistics company Aramex, has resigned, the company said in a filing to the Dubai Financial Market on Thursday. Othman resigned “for personal reasons”, the company said, adding that the board of directors has appointed current chief financial officer Nicolas Sibuet as acting group CEO effective April 24. Nicolas joined […] April 24, 2025
Economy Qatar to invest over $7bn in Egypt’s economy Qatar has pledged to invest $7.5 billion in Egypt as the North African country seeks to attract new money and boost economic growth, the countries said in a joint statement. The commitment was given during a meeting between Egypt’s President Abdel Fattah El-Sisi and Qatar’s Emir Sheikh Tamim Bin Hamad A-Thani, the state-owned State Information […] April 15, 2025
Manufacturing Egypt’s Hassan Allam to build concrete hub for Ras El Hekma Egypt’s Hassan Allam Holding has said one of its subsidiaries has signed a memorandum of understanding with Abu Dhabi-listed Modon Holding to supply construction materials for the Ras El Hekma megaproject on the Mediterranean. 3S Ready Mix, one of the country’s largest ready mix concrete suppliers, will develop a ready mix factory and a concrete products hub […] April 14, 2025
Logistics AD Ports moves ahead with Angolan port upgrade State-controlled Abu Dhabi ports operator AD Ports Group is to upgrade Angola’s largest port as it expands its reach in Africa, the company said in a statement. The company has appointed UAE-based Mar Construction Civil & Obras Publicas to design and build the port’s infrastructure, the statement said. Additionally, the company has engaged Lebanon-based Dar Al […] April 7, 2025
Trade UAE enters the major league of Turkish export markets Turkey’s exports to the GCC bloc rose sharply in February, driven by a strong increase in shipments to the United Arab Emirates. The UAE figures offset falls in sales to some other GCC member states. The numbers were released before the detention two weeks ago of Istanbul mayor and leading opposition figure Ekrem İmamoğlu, which […] April 3, 2025
Construction Modon to build industrial zone near Egypt’s Ras El Hekma A joint venture between Abu Dhabi-listed Modon Holding and Egypt’s Elsewedy Industrial Development is planning to build a new industrial zone near the $35-billion Ras El Hekma megaproject. The two companies have signed a letter of intent for the project, state-run news agency Wam reported. The 10 million sq m new industrial zone, located south […] March 28, 2025
