Company Insights ADQ Banking & Finance ADQ News Food & Drink GMG-Silal deal aims to dish up customers for 1,100 UAE farms More locally grown food is set to be sold in UAE supermarkets under a link-up between retailer GMG and agri-food business Silal, a subsidiary of sovereign wealth fund ADQ. Under the deal, which was signed at last week’s Abu Dhabi International Food Exhibition, up to 1,100 UAE farms contracted to Silal will be supported to […] December 12, 2022 Analysis Banking & Finance Global fintechs target Dubai but Mena expansion still elusive Dubai is seeing elevated levels of interest from fintech companies based in Singapore, southeast Asia and Asia-Pacific as the emirate builds its status as a regional hub. Dubai International Financial Centre said that during the first nine months of 2022, the number of fintech and innovation firms joining DIFC exceeded the total for the whole […] December 8, 2022 Banking & Finance Abu Dhabi-backed fund buys into UAE’s booming pet care industry Aliph Capital, the Gulf’s first female-led private equity firm, has entered the UAE’s booming pet care industry with its first deal. The fund, which raised $125 million last month from Abu Dhabi sovereign wealth fund ADQ, has bought The Pet Shop, the largest retailer of pet food and accessories in the UAE, from Kasamar Holdings. […] November 17, 2022 Analysis Banking & Finance Fintech competition means UAE banks must change to survive The banking sector in the UAE could grow faster than the nation’s economy but competition from fintechs poses a threat to the survival of banks unless they restructure their operating models, according to a senior industry official. Abdul Aziz Al Ghurair, chairman of the UAE Banks Federation, warned that banks will have to change the […] November 15, 2022 Banking & Finance Oman sovereign wealth fund’s assets reach $41.5bn in 2021 Oman Investment Authority’s (OIA) assets reached $41.5 billion as the wealth fund increased holdings in real estate, technology and logistics, Bloomberg reported, citing its 2021 annual review. The sovereign wealth fund manages assets in 40 countries and has achieved an annual average return of 10.3 percent. OIA invests in stocks, bonds, short-term assets, logistics, service […] November 15, 2022 Abu Dhabi’s ADQ invests $125m in female-led private equity fund Wealth fund ADQ is backing Aliph Capital, set up by Huda Al Lawati. Research has found women in VC are more likely to invest in other women October 25, 2022 Aviation Etihad names new CEO as airline confirms Tony Douglas exit Etihad Aviation Group named Antonoaldo Neves its new CEO today after confirming the departure of Tony Douglas, who is understood to be taking the helm at a new airline in Saudi Arabia. Neves was announced as group CEO while Douglas will serve during his transition period as an advisor to the board of ADQ Aviation […] October 19, 2022 Manufacturing UAE’s Mubadala Capital buys US snack food maker TruFood Mubadala Capital, a wholly-owned subsidiary of Mubadala Investment Company, has acquired US-based snack food contract manufacturer AOG, trading as TruFood Manufacturing (TruFood), WAM, UAE state-owned news agency reported. The company was acquired from funds affiliated with AUA Private Equity Partners. Financial details of the transaction were not disclosed. Headquartered in Pittsburgh, Pennsylvania, TruFood is a […] October 19, 2022 Analysis Manufacturing Abu Dhabi eyes aviation services giant to boost its manufacturing ADQ, an Abu Dhabi-based investment and holding company, announced plans on Monday to create a global aviation champion as part of the emirate’s push to grow its manufacturing sector. The company has submitted an offer to Abu Dhabi Aviation (ADA) to combine its 100 percent share of Etihad Engineering and Advanced Military Maintenance, Repair and […] October 17, 2022 Retail Lulu Group targets Iraq and Africa ahead of Abu Dhabi IPO Lulu Group International is planning a listing on the Abu Dhabi Securities Exchange in 2023 and has hired investment bank Moelis & Co to advise it. The supermarket chain, which has its headquarters in Abu Dhabi, also confirmed to AGBI that it will add new outlets to its network as it consolidates in the Middle […] October 14, 2022 Posts navigation Previous 1 … 18 19 20 21 Next
Food & Drink GMG-Silal deal aims to dish up customers for 1,100 UAE farms More locally grown food is set to be sold in UAE supermarkets under a link-up between retailer GMG and agri-food business Silal, a subsidiary of sovereign wealth fund ADQ. Under the deal, which was signed at last week’s Abu Dhabi International Food Exhibition, up to 1,100 UAE farms contracted to Silal will be supported to […] December 12, 2022
Analysis Banking & Finance Global fintechs target Dubai but Mena expansion still elusive Dubai is seeing elevated levels of interest from fintech companies based in Singapore, southeast Asia and Asia-Pacific as the emirate builds its status as a regional hub. Dubai International Financial Centre said that during the first nine months of 2022, the number of fintech and innovation firms joining DIFC exceeded the total for the whole […] December 8, 2022
Banking & Finance Abu Dhabi-backed fund buys into UAE’s booming pet care industry Aliph Capital, the Gulf’s first female-led private equity firm, has entered the UAE’s booming pet care industry with its first deal. The fund, which raised $125 million last month from Abu Dhabi sovereign wealth fund ADQ, has bought The Pet Shop, the largest retailer of pet food and accessories in the UAE, from Kasamar Holdings. […] November 17, 2022
Analysis Banking & Finance Fintech competition means UAE banks must change to survive The banking sector in the UAE could grow faster than the nation’s economy but competition from fintechs poses a threat to the survival of banks unless they restructure their operating models, according to a senior industry official. Abdul Aziz Al Ghurair, chairman of the UAE Banks Federation, warned that banks will have to change the […] November 15, 2022
Banking & Finance Oman sovereign wealth fund’s assets reach $41.5bn in 2021 Oman Investment Authority’s (OIA) assets reached $41.5 billion as the wealth fund increased holdings in real estate, technology and logistics, Bloomberg reported, citing its 2021 annual review. The sovereign wealth fund manages assets in 40 countries and has achieved an annual average return of 10.3 percent. OIA invests in stocks, bonds, short-term assets, logistics, service […] November 15, 2022
Abu Dhabi’s ADQ invests $125m in female-led private equity fund Wealth fund ADQ is backing Aliph Capital, set up by Huda Al Lawati. Research has found women in VC are more likely to invest in other women October 25, 2022
Aviation Etihad names new CEO as airline confirms Tony Douglas exit Etihad Aviation Group named Antonoaldo Neves its new CEO today after confirming the departure of Tony Douglas, who is understood to be taking the helm at a new airline in Saudi Arabia. Neves was announced as group CEO while Douglas will serve during his transition period as an advisor to the board of ADQ Aviation […] October 19, 2022
Manufacturing UAE’s Mubadala Capital buys US snack food maker TruFood Mubadala Capital, a wholly-owned subsidiary of Mubadala Investment Company, has acquired US-based snack food contract manufacturer AOG, trading as TruFood Manufacturing (TruFood), WAM, UAE state-owned news agency reported. The company was acquired from funds affiliated with AUA Private Equity Partners. Financial details of the transaction were not disclosed. Headquartered in Pittsburgh, Pennsylvania, TruFood is a […] October 19, 2022
Analysis Manufacturing Abu Dhabi eyes aviation services giant to boost its manufacturing ADQ, an Abu Dhabi-based investment and holding company, announced plans on Monday to create a global aviation champion as part of the emirate’s push to grow its manufacturing sector. The company has submitted an offer to Abu Dhabi Aviation (ADA) to combine its 100 percent share of Etihad Engineering and Advanced Military Maintenance, Repair and […] October 17, 2022
Retail Lulu Group targets Iraq and Africa ahead of Abu Dhabi IPO Lulu Group International is planning a listing on the Abu Dhabi Securities Exchange in 2023 and has hired investment bank Moelis & Co to advise it. The supermarket chain, which has its headquarters in Abu Dhabi, also confirmed to AGBI that it will add new outlets to its network as it consolidates in the Middle […] October 14, 2022
