Company Insights ADQ Banking & Finance ADQ News Economy Egypt to get second part of UAE $35bn deal in coming weeks Egypt will receive the second tranche of payments from the UAE in the coming weeks, Prime Minister Mustafa Madbouly has said. Cairo has received $10 billion as part of the $35 billion deal struck with the UAE sovereign fund ADQ and has converted $11 billion from deposits from the Gulf state at the central bank, […] March 28, 2024 Finance UAE invests $2.5 trillion overseas, with US the top recipient The UAE has invested an estimated $2.5 trillion overseas as of early 2024, with the United States the prime destination. “The UAE has strengthened its position in the global economy,” Jamal bin Saif Al Jarwan, secretary-general of the UAE International Investors Council, was quoted as saying by the state-owned Wam news agency. “It ranked first […] March 25, 2024 Analysis Tourism Abu Dhabi’s futuristic vision of an Egyptian metropolis By 2052, Egypt’s Ras El Hekma will be “competing with the most important cities of the world,” according to the new project’s promotional video. Published on February 23, the day the Abu Dhabi sovereign wealth fund ADQ bought development rights to this stretch of coastline as part of a $35 billion deal, the video shows […] March 22, 2024 Opinion Economy Egypt must deal with its fundamental challenges Abu Dhabi's cash injection offers short-term relief but serious budgetary issues remain March 21, 2024 Banking & Finance Gulf wealth funds put investing in US well ahead of China Most sovereign wealth funds in the Gulf remain heavily invested in the US, while China represents a much smaller part of their portfolios, data from the consultancy Global SWF shows. The data also shows that the portfolios of Gulf sovereign wealth funds vary widely in terms of their geographical distribution. This is partly a result […] March 8, 2024 Aviation ADQ taps banks for Etihad Airways’ potential listing ADQ, the UAE’s sovereign wealth fund, has tapped advisers, including Citigroup, HSBC Holdings and First Abu Dhabi Bank, for a potential initial public offering of Etihad Airways. Rothschild & Co. will act as an independent financial adviser, Bloomberg reported, citing informed sources. The fund may add more banks later, they said. In 2022, Abu Dhabi’s […] March 8, 2024 Finance ADQ explores potential listing of Etihad Airways ADQ, the UAE’s sovereign wealth fund, is considering a potential listing of Etihad Airways, making it the first publicly traded airline in the GCC. The fund has held discussions with banks on a possible floatation deal as soon as this year, Bloomberg reported, citing a source familiar with the deal. ADQ has been weighing the […] March 3, 2024 Video length: 05:02 Food & Drink Agthia increases stake in Egyptian snack group Agthia Group has raised its stake in the Egyptian snacks company Auf Group to 70 percent, the latest UAE investment in the North African country. The food and beverages group, which is majority owned by the Abu Dhabi government through the state investor ADQ, acquired a 60 percent stake in Auf Group in 2022. In […] March 1, 2024 Finance IHC reports marginal profit despite revenue climbing 18% International Holding Company (IHC) has reported an increase in net profit of just 1.2 percent year on year to AED32.95 billion ($8.97 billion) in 2023, despite an almost 20 percent rise in revenue. IHC – the Middle East’s largest listed holding company, which is listed in Abu Dhabi – is part of a business empire […] February 27, 2024 Analysis Economy Abu Dhabi’s $35bn throws Egypt a liquidity lifeline A $35 billion investment by Abu Dhabi sovereign wealth fund ADQ to develop a resort on Egypt’s north coast could cover the country’s liquidity needs for the next three to four years, analysts have said. Mostafa Madbouly, the Egyptian prime minister, said on Saturday he had signed an agreement with ADQ to develop a site […] February 27, 2024 Posts navigation Previous 1 … 11 12 13 … 21 Next
Economy Egypt to get second part of UAE $35bn deal in coming weeks Egypt will receive the second tranche of payments from the UAE in the coming weeks, Prime Minister Mustafa Madbouly has said. Cairo has received $10 billion as part of the $35 billion deal struck with the UAE sovereign fund ADQ and has converted $11 billion from deposits from the Gulf state at the central bank, […] March 28, 2024
Finance UAE invests $2.5 trillion overseas, with US the top recipient The UAE has invested an estimated $2.5 trillion overseas as of early 2024, with the United States the prime destination. “The UAE has strengthened its position in the global economy,” Jamal bin Saif Al Jarwan, secretary-general of the UAE International Investors Council, was quoted as saying by the state-owned Wam news agency. “It ranked first […] March 25, 2024
Analysis Tourism Abu Dhabi’s futuristic vision of an Egyptian metropolis By 2052, Egypt’s Ras El Hekma will be “competing with the most important cities of the world,” according to the new project’s promotional video. Published on February 23, the day the Abu Dhabi sovereign wealth fund ADQ bought development rights to this stretch of coastline as part of a $35 billion deal, the video shows […] March 22, 2024
Opinion Economy Egypt must deal with its fundamental challenges Abu Dhabi's cash injection offers short-term relief but serious budgetary issues remain March 21, 2024
Banking & Finance Gulf wealth funds put investing in US well ahead of China Most sovereign wealth funds in the Gulf remain heavily invested in the US, while China represents a much smaller part of their portfolios, data from the consultancy Global SWF shows. The data also shows that the portfolios of Gulf sovereign wealth funds vary widely in terms of their geographical distribution. This is partly a result […] March 8, 2024
Aviation ADQ taps banks for Etihad Airways’ potential listing ADQ, the UAE’s sovereign wealth fund, has tapped advisers, including Citigroup, HSBC Holdings and First Abu Dhabi Bank, for a potential initial public offering of Etihad Airways. Rothschild & Co. will act as an independent financial adviser, Bloomberg reported, citing informed sources. The fund may add more banks later, they said. In 2022, Abu Dhabi’s […] March 8, 2024
Finance ADQ explores potential listing of Etihad Airways ADQ, the UAE’s sovereign wealth fund, is considering a potential listing of Etihad Airways, making it the first publicly traded airline in the GCC. The fund has held discussions with banks on a possible floatation deal as soon as this year, Bloomberg reported, citing a source familiar with the deal. ADQ has been weighing the […] March 3, 2024
Video length: 05:02 Food & Drink Agthia increases stake in Egyptian snack group Agthia Group has raised its stake in the Egyptian snacks company Auf Group to 70 percent, the latest UAE investment in the North African country. The food and beverages group, which is majority owned by the Abu Dhabi government through the state investor ADQ, acquired a 60 percent stake in Auf Group in 2022. In […] March 1, 2024
Finance IHC reports marginal profit despite revenue climbing 18% International Holding Company (IHC) has reported an increase in net profit of just 1.2 percent year on year to AED32.95 billion ($8.97 billion) in 2023, despite an almost 20 percent rise in revenue. IHC – the Middle East’s largest listed holding company, which is listed in Abu Dhabi – is part of a business empire […] February 27, 2024
Analysis Economy Abu Dhabi’s $35bn throws Egypt a liquidity lifeline A $35 billion investment by Abu Dhabi sovereign wealth fund ADQ to develop a resort on Egypt’s north coast could cover the country’s liquidity needs for the next three to four years, analysts have said. Mostafa Madbouly, the Egyptian prime minister, said on Saturday he had signed an agreement with ADQ to develop a site […] February 27, 2024
