Company Insights Mubadala Investment Company Finance Mubadala Investment Company News Trade GCC countries urged to stick together for UK trade deal GCC countries negotiating with the UK for a free trade agreement must stick together as one rather than seeking individual national deals, according to the outgoing UK Middle East trade commissioner. Trade talks between the six countries in the Gulf bloc – Saudi Arabia, the UAE, Kuwait, Qatar, Oman and Bahrain – and the UK […] June 6, 2023 Banking and Finance Mergers bloom in Mena with deals worth $26bn The acquisition by Floranow, an online florist based in the UAE, of Bloomax, the largest wholesale distributor of fresh-cut flowers in Saudi Arabia, is among the latest mergers in the Mena region. The deal, announced on Monday, is funded by a combination of debt and equity and makes Floranow the largest importer and distributor of […] June 5, 2023 Banking and Finance Fintech Tabby doubles debt facility Buy now, pay later company Tabby has doubled its existing debt facility as it looks to maintain triple-digit growth recorded in recent years. The fintech is backed by Abu Dhabi sovereign fund Mubadala and secured $350 million in funding through key global credit investors. Buy now, pay later (BNPL) allows consumers to order and take […] June 2, 2023 Aviation US electric aircraft developer lands in Abu Dhabi A hybrid-electric vertical take-off and landing aircraft developer from California is planning to set up a regional HQ in Abu Dhabi as trade deals between the Emirates and the US focus on advanced technologies. Odys Aviation has joined the UAE Ministry of Economy’s NextGen foreign direct investment programme, which aims to attract digitally enabled businesses […] May 31, 2023 Analysis Neom Italy woos Saudi and other Gulf nations in trade drive Italy is courting Saudi Arabia to invest in a new fund, as the European country increasingly turns to the GCC to boost trade and investment volumes. Industry minister Adolfo Urso said Saudi was ready for further investments following a video call with the kingdom’s investment minister, Khalid Al Falih. Italy’s prime minister Giorgia Meloni plans […] May 25, 2023 Banking and Finance Mubadala to buy majority stake in US asset manager Abu Dhabi’s Mubadala Investment Company’s subsidiary will acquire a majority stake in US asset manager Fortress Investment Group. Mubadala Capital will acquire 90.01 percent of the equity of Fortress, which is currently held by SoftBank Group Corporation. The deal’s financial terms were not disclosed, Mubadala and Fortress Investment said in a joint statement. Following the […] May 23, 2023 Banking and Finance Abu Dhabi firms review $2bn investments in South Korea Emirati state-owned firms are currently reviewing $2 billion worth of investment projects in South Korea, the Korean finance ministry said in a statement. The review follows Korean President Yoon Suk Yeol and UAE President Mohamed bin Zayed Al Nahyan’s meeting in January when the UAE announced investments worth $30 billion in Korea. The delegation, including […] May 22, 2023 Business of Sport Mubadala wins $440m court case against Real Madrid An international court has ruled in favour of Abu Dhabi sovereign investor Mubadala in a $440 million case against Spanish football giants Real Madrid. The lawsuit surrounded a potential 20-year sponsorship deal for the naming rights to Los Blancos’ Santiago Bernabéu Stadium. Real Madrid claimed Mubadala had reneged on the agreement, which was originally struck […] May 15, 2023 Analysis Business of Sport US sports the latest goal for Mena investors The $500 billion American sports market could be the next target for Middle East investors, analysts have said, as two more NBA teams unveil plans to play pre-season games in the UAE. The Dallas Mavericks will face the Minnesota Timberwolves at the Etihad Arena in Abu Dhabi in October this year. They follow in the […] May 14, 2023 Banking and Finance National Holding unit buys Mubadala’s 7.6% in ADIB Emirates International Investment Company (EIIC), an investment arm of National Holding, has acquired a 7.6 percent stake in Abu Dhabi Islamic Bank (ADIB) from Abu Dhabi’s sovereign Mubadala Investment Company. The transaction has increased EIIC’s total shareholding in ADIB to 47 percent. The deal is in line with Mubadala’s strategy to create long-term value by […] May 7, 2023 Posts navigation Previous 1 … 28 29 30 … 37 Next
Trade GCC countries urged to stick together for UK trade deal GCC countries negotiating with the UK for a free trade agreement must stick together as one rather than seeking individual national deals, according to the outgoing UK Middle East trade commissioner. Trade talks between the six countries in the Gulf bloc – Saudi Arabia, the UAE, Kuwait, Qatar, Oman and Bahrain – and the UK […] June 6, 2023
Banking and Finance Mergers bloom in Mena with deals worth $26bn The acquisition by Floranow, an online florist based in the UAE, of Bloomax, the largest wholesale distributor of fresh-cut flowers in Saudi Arabia, is among the latest mergers in the Mena region. The deal, announced on Monday, is funded by a combination of debt and equity and makes Floranow the largest importer and distributor of […] June 5, 2023
Banking and Finance Fintech Tabby doubles debt facility Buy now, pay later company Tabby has doubled its existing debt facility as it looks to maintain triple-digit growth recorded in recent years. The fintech is backed by Abu Dhabi sovereign fund Mubadala and secured $350 million in funding through key global credit investors. Buy now, pay later (BNPL) allows consumers to order and take […] June 2, 2023
Aviation US electric aircraft developer lands in Abu Dhabi A hybrid-electric vertical take-off and landing aircraft developer from California is planning to set up a regional HQ in Abu Dhabi as trade deals between the Emirates and the US focus on advanced technologies. Odys Aviation has joined the UAE Ministry of Economy’s NextGen foreign direct investment programme, which aims to attract digitally enabled businesses […] May 31, 2023
Analysis Neom Italy woos Saudi and other Gulf nations in trade drive Italy is courting Saudi Arabia to invest in a new fund, as the European country increasingly turns to the GCC to boost trade and investment volumes. Industry minister Adolfo Urso said Saudi was ready for further investments following a video call with the kingdom’s investment minister, Khalid Al Falih. Italy’s prime minister Giorgia Meloni plans […] May 25, 2023
Banking and Finance Mubadala to buy majority stake in US asset manager Abu Dhabi’s Mubadala Investment Company’s subsidiary will acquire a majority stake in US asset manager Fortress Investment Group. Mubadala Capital will acquire 90.01 percent of the equity of Fortress, which is currently held by SoftBank Group Corporation. The deal’s financial terms were not disclosed, Mubadala and Fortress Investment said in a joint statement. Following the […] May 23, 2023
Banking and Finance Abu Dhabi firms review $2bn investments in South Korea Emirati state-owned firms are currently reviewing $2 billion worth of investment projects in South Korea, the Korean finance ministry said in a statement. The review follows Korean President Yoon Suk Yeol and UAE President Mohamed bin Zayed Al Nahyan’s meeting in January when the UAE announced investments worth $30 billion in Korea. The delegation, including […] May 22, 2023
Business of Sport Mubadala wins $440m court case against Real Madrid An international court has ruled in favour of Abu Dhabi sovereign investor Mubadala in a $440 million case against Spanish football giants Real Madrid. The lawsuit surrounded a potential 20-year sponsorship deal for the naming rights to Los Blancos’ Santiago Bernabéu Stadium. Real Madrid claimed Mubadala had reneged on the agreement, which was originally struck […] May 15, 2023
Analysis Business of Sport US sports the latest goal for Mena investors The $500 billion American sports market could be the next target for Middle East investors, analysts have said, as two more NBA teams unveil plans to play pre-season games in the UAE. The Dallas Mavericks will face the Minnesota Timberwolves at the Etihad Arena in Abu Dhabi in October this year. They follow in the […] May 14, 2023
Banking and Finance National Holding unit buys Mubadala’s 7.6% in ADIB Emirates International Investment Company (EIIC), an investment arm of National Holding, has acquired a 7.6 percent stake in Abu Dhabi Islamic Bank (ADIB) from Abu Dhabi’s sovereign Mubadala Investment Company. The transaction has increased EIIC’s total shareholding in ADIB to 47 percent. The deal is in line with Mubadala’s strategy to create long-term value by […] May 7, 2023
