Company Insights ADQ Banking & Finance ADQ News 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 Sustainability UAE mangrove restoration project to be global template A project to restore mangroves around Abu Dhabi will be used as a template and exported around the world. Environment Agency Abu Dhabi and environmental tech company Dendra are working to plant 27 million mangroves in the UAE capital by 2030, in partnership with the emirate’s sovereign wealth fund ADQ. It makes up almost a […] October 30, 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 Industry UAE steel maker signs rail transport deal with Oman Oman and Etihad Rail Company, the developer and operator of the Oman and UAE rail network, has signed an agreement with UAE-based Emirates Steel Arkan to boost cross-border supply chains by facilitating the export of raw limestone. The rail company will provide logistics solutions to manage the transportation of raw limestone from Oman to Emirates […] October 17, 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 Banking & Finance Sagard Holdings targets growth from UAE office Sagard Holdings, a Canada-based alternative asset manager with $14.5 billion under management, has opened its first office in the Gulf region in Abu Dhabi as part of its ongoing international expansion strategy. The new office, located in the Abu Dhabi Global Market (ADGM) – an international financial centre – will be led by former Bank […] September 14, 2023 Agriculture High-tech greenhouse turns up heat on UAE sustainability Abu Dhabi sovereign wealth fund ADQ has teamed up with Netherlands-based Safe Haven Solutions to build a high-tech greenhouse in the UAE capital. The 10-hectare facility will be built in ADQ’s AgTech Park in Khalifa Economic Zones Abu Dhabi. It will use advanced agriculture technology such as a cooling system inside the greenhouse to help […] August 7, 2023 Analysis Banking & Finance Gulf sovereign wealth funds vary recipes for success Gulf sovereign wealth funds are pursuing differing investment strategies when it comes to the way they buy into target companies, according to a report by analyst Global SWF Institute. The paper highlights how the Kuwait Investment Authority (KIA) and Investment Corporation of Dubai prioritise buying into target assets via funds, while Saudi Arabia’s Public Investment […] August 3, 2023 Real Estate Abu Dhabi firms in talks for $12bn real estate and tourism giant Abu Dhabi’s ambitions to rival its neighbour Dubai as a global events destination have stepped up a notch with talks to create one of the largest real estate, hospitality, events and catering platforms in the region. Sovereign wealth fund ADQ and IHC Capital Holding have submitted an offer to wrap some of their shareholdings into real […] August 2, 2023 Real Estate Aldar targets China as sales to overseas buyers balloon Aldar Properties is working to attract more Chinese customers as it reports a fourfold increase in sales to overseas and expat buyers for the first half of the year. “One interesting demographic we are starting to see is the Chinese,” said Faisal Falaknaz, group chief financial and sustainability officer at the Abu Dhabi developer. “It […] August 1, 2023 Posts navigation Previous 1 … 14 15 16 … 21 Next
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
Sustainability UAE mangrove restoration project to be global template A project to restore mangroves around Abu Dhabi will be used as a template and exported around the world. Environment Agency Abu Dhabi and environmental tech company Dendra are working to plant 27 million mangroves in the UAE capital by 2030, in partnership with the emirate’s sovereign wealth fund ADQ. It makes up almost a […] October 30, 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
Industry UAE steel maker signs rail transport deal with Oman Oman and Etihad Rail Company, the developer and operator of the Oman and UAE rail network, has signed an agreement with UAE-based Emirates Steel Arkan to boost cross-border supply chains by facilitating the export of raw limestone. The rail company will provide logistics solutions to manage the transportation of raw limestone from Oman to Emirates […] October 17, 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
Banking & Finance Sagard Holdings targets growth from UAE office Sagard Holdings, a Canada-based alternative asset manager with $14.5 billion under management, has opened its first office in the Gulf region in Abu Dhabi as part of its ongoing international expansion strategy. The new office, located in the Abu Dhabi Global Market (ADGM) – an international financial centre – will be led by former Bank […] September 14, 2023
Agriculture High-tech greenhouse turns up heat on UAE sustainability Abu Dhabi sovereign wealth fund ADQ has teamed up with Netherlands-based Safe Haven Solutions to build a high-tech greenhouse in the UAE capital. The 10-hectare facility will be built in ADQ’s AgTech Park in Khalifa Economic Zones Abu Dhabi. It will use advanced agriculture technology such as a cooling system inside the greenhouse to help […] August 7, 2023
Analysis Banking & Finance Gulf sovereign wealth funds vary recipes for success Gulf sovereign wealth funds are pursuing differing investment strategies when it comes to the way they buy into target companies, according to a report by analyst Global SWF Institute. The paper highlights how the Kuwait Investment Authority (KIA) and Investment Corporation of Dubai prioritise buying into target assets via funds, while Saudi Arabia’s Public Investment […] August 3, 2023
Real Estate Abu Dhabi firms in talks for $12bn real estate and tourism giant Abu Dhabi’s ambitions to rival its neighbour Dubai as a global events destination have stepped up a notch with talks to create one of the largest real estate, hospitality, events and catering platforms in the region. Sovereign wealth fund ADQ and IHC Capital Holding have submitted an offer to wrap some of their shareholdings into real […] August 2, 2023
Real Estate Aldar targets China as sales to overseas buyers balloon Aldar Properties is working to attract more Chinese customers as it reports a fourfold increase in sales to overseas and expat buyers for the first half of the year. “One interesting demographic we are starting to see is the Chinese,” said Faisal Falaknaz, group chief financial and sustainability officer at the Abu Dhabi developer. “It […] August 1, 2023
