Company Insights ADQ Banking & Finance ADQ News Economy Turkey signs $50bn deals with UAE to revive economy The UAE and Turkey have signed deals estimated at $50.7 billion during a visit by President Tayyip Erdoğan to Abu Dhabi. Erdoğan and UAE President Mohamed Bin Zayed Al Nahyan attended the signing ceremony of the agreements, including an extradition accord, energy and natural resources development, space and defence cooperation, the UAE state-run Wam news […] July 20, 2023 Analysis Trade Deals and state visits fuel UAE-Turkey trade hopes The trade corridor with Turkey is expected to become one of the UAE’s fastest growing for the rest of the decade on the back of a new economic deal and high-profile state visits. UAE President Sheikh Mohamed bin Zayed Al Nahyan visited Turkey last month, an event described by his minister of economy as taking […] July 14, 2023 Economy Egypt to sell stakes in 3 oil firms to ADQ for $800m Egypt has signed contracts with the private sector to sell state-owned entities worth $1.9 billion under its initial public offering (IPO) privatisation programme, said Prime Minister Mostafa Madbouly. The government has received $1.65 billion and the remaining $250 million will be received in the Egyptian pound, Ahram Online reported, citing Madbouly. The new contracts include […] July 12, 2023 Banking & Finance ADQ expands investment reach in Canada ADQ, the Abu Dhabi sovereign wealth fund, has expanded in Canada with the acquisition of a stake in global asset management firm Sagard, which has $14.5 billion in assets. Sagard’s majority shareholder remains Power Corporation of Canada, an investor in Europe and North America. ADQ is joined as a new minority investor by the Bank […] July 6, 2023 Banking & Finance Mena wealth funds sharpen up on sustainability Mena sovereign wealth funds’ efforts to improve their governance and sustainability practices to meet global standards appear to be bearing fruit, as they recorded the biggest improvement of all regions in a new analysis. Data platform Global SWF assessed the performance of 100 sovereign wealth funds and public pension funds on their governance, sustainability and […] July 3, 2023 Food & Drink Prince’s cell-grown meat investment gets US approval Saudi Arabia’s “vegan prince” is set to get a prime cut of the profits from his investment in a startup producing meat made from cultivated animal cells. The US government this month approved the sale of Upside Foods products to American consumers. “Sometimes when you talk to an entrepreneur, you know,” Prince Khaled bin Alwaleed […] June 30, 2023 Banking & Finance AD Ports to invest $500m in Republic of the Congo deal Abu Dhabi Ports Group has signed a 30-year concession agreement with the government of the Republic of the Congo to operate the multipurpose New East Mole Terminal in Pointe-Noire. The company said it plans to invest more than $500 million over the same period, with around $220 million allocated for phase 1, which is expected […] June 20, 2023 Banking & Finance UAE fund’s plan to take Lazard private falls apart Abu Dhabi’s sovereign wealth fund ADQ held a discussion with US investment bank Lazard Ltd to take it private earlier this year, but the talks fell apart, the Financial Times reported. The meetings were held between New York Stock Exchange-listed Lazard’s outgoing chief executive, Ken Jacobs, and ADQ’s chair Sheikh Tahnoon bin Zayed Al Nahyan, […] June 20, 2023 Aviation UAE aviation training firm cashes in on pilot demand A pressing need for airlines to requalify pilots as global air travel recovers has sent business soaring for Etihad Aviation Training, with revenues up 30 percent this year. In addition to training and maintaining aircrews for Etihad Airways, the training business supports 70 other passenger, freight and charter operators, as well as government VIP fleets. […] June 14, 2023 Agriculture UAE’s ADQ backs solar-powered desalination plant Silal, part of Abu Dhabi-based investment and holding company ADQ, has partnered with Netherlands-headquartered solar thermal desalination company, Desolenator, to launch a pilot project using solar-powered desalination technology to produce pure water for irrigation. The project aims to contribute to the decarbonisation of food production in desert climates by significantly lowering the carbon footprint of […] June 11, 2023 Posts navigation Previous 1 … 15 16 17 … 21 Next
Economy Turkey signs $50bn deals with UAE to revive economy The UAE and Turkey have signed deals estimated at $50.7 billion during a visit by President Tayyip Erdoğan to Abu Dhabi. Erdoğan and UAE President Mohamed Bin Zayed Al Nahyan attended the signing ceremony of the agreements, including an extradition accord, energy and natural resources development, space and defence cooperation, the UAE state-run Wam news […] July 20, 2023
Analysis Trade Deals and state visits fuel UAE-Turkey trade hopes The trade corridor with Turkey is expected to become one of the UAE’s fastest growing for the rest of the decade on the back of a new economic deal and high-profile state visits. UAE President Sheikh Mohamed bin Zayed Al Nahyan visited Turkey last month, an event described by his minister of economy as taking […] July 14, 2023
Economy Egypt to sell stakes in 3 oil firms to ADQ for $800m Egypt has signed contracts with the private sector to sell state-owned entities worth $1.9 billion under its initial public offering (IPO) privatisation programme, said Prime Minister Mostafa Madbouly. The government has received $1.65 billion and the remaining $250 million will be received in the Egyptian pound, Ahram Online reported, citing Madbouly. The new contracts include […] July 12, 2023
Banking & Finance ADQ expands investment reach in Canada ADQ, the Abu Dhabi sovereign wealth fund, has expanded in Canada with the acquisition of a stake in global asset management firm Sagard, which has $14.5 billion in assets. Sagard’s majority shareholder remains Power Corporation of Canada, an investor in Europe and North America. ADQ is joined as a new minority investor by the Bank […] July 6, 2023
Banking & Finance Mena wealth funds sharpen up on sustainability Mena sovereign wealth funds’ efforts to improve their governance and sustainability practices to meet global standards appear to be bearing fruit, as they recorded the biggest improvement of all regions in a new analysis. Data platform Global SWF assessed the performance of 100 sovereign wealth funds and public pension funds on their governance, sustainability and […] July 3, 2023
Food & Drink Prince’s cell-grown meat investment gets US approval Saudi Arabia’s “vegan prince” is set to get a prime cut of the profits from his investment in a startup producing meat made from cultivated animal cells. The US government this month approved the sale of Upside Foods products to American consumers. “Sometimes when you talk to an entrepreneur, you know,” Prince Khaled bin Alwaleed […] June 30, 2023
Banking & Finance AD Ports to invest $500m in Republic of the Congo deal Abu Dhabi Ports Group has signed a 30-year concession agreement with the government of the Republic of the Congo to operate the multipurpose New East Mole Terminal in Pointe-Noire. The company said it plans to invest more than $500 million over the same period, with around $220 million allocated for phase 1, which is expected […] June 20, 2023
Banking & Finance UAE fund’s plan to take Lazard private falls apart Abu Dhabi’s sovereign wealth fund ADQ held a discussion with US investment bank Lazard Ltd to take it private earlier this year, but the talks fell apart, the Financial Times reported. The meetings were held between New York Stock Exchange-listed Lazard’s outgoing chief executive, Ken Jacobs, and ADQ’s chair Sheikh Tahnoon bin Zayed Al Nahyan, […] June 20, 2023
Aviation UAE aviation training firm cashes in on pilot demand A pressing need for airlines to requalify pilots as global air travel recovers has sent business soaring for Etihad Aviation Training, with revenues up 30 percent this year. In addition to training and maintaining aircrews for Etihad Airways, the training business supports 70 other passenger, freight and charter operators, as well as government VIP fleets. […] June 14, 2023
Agriculture UAE’s ADQ backs solar-powered desalination plant Silal, part of Abu Dhabi-based investment and holding company ADQ, has partnered with Netherlands-headquartered solar thermal desalination company, Desolenator, to launch a pilot project using solar-powered desalination technology to produce pure water for irrigation. The project aims to contribute to the decarbonisation of food production in desert climates by significantly lowering the carbon footprint of […] June 11, 2023
