Company Insights Mubadala Investment Company Finance Mubadala Investment Company News Cop28 Cop28 chief sets out UAE’s vision for climate finance The UAE intends to make financing for climate change projects “more affordable [and] much more accessible”, the country’s oil chief and Cop28 president has said. Dr. Sultan Al Jaber said finance reforms were needed because the world was “way off track” the goals of the 2015 Paris climate accord, during a speech to the Atlantic […] January 16, 2023 Economy Mubadala and Alpha Dhabi to capitalise on discounted assets The move by Alpha Dhabi and Mubadala to join forces and co-invest in credit opportunities does not pose a significant threat to traditional banking structures. Instead, according to Rachel Ziemba, founder of geo-economic advisory firm Ziemba Insights, it will act as a valuable tool to “look for early-stage investments and perhaps pick up assets at […] January 6, 2023 Analysis Banking and Finance Gulf wealth funds look to snap up ‘cheap’ assets in West Sovereign wealth funds across the Middle East are forecast to take advantage of “limited competition” from global peers this year to pursue “cheap” assets in Europe, the US and other western markets. A sharp drop in stock and bond markets over the past year has resulted in the combined value of the world’s sovereign wealth […] January 3, 2023 UAE startup MangoGTM launches ‘Amazon for software vendors’ MangoGTM, a UAE-based startup, is aiming to help small regional entrepreneurs get their foot in the door with some of the biggest companies in the world. The business was set up four years ago as a consulting and servicing company but has since evolved into a wider technology marketplace, marrying buyers and vendors in what […] January 3, 2023 Opinion Sustainability Green for go as UK and UAE count down to Cop28 The environment will be a key theme as the UK and UAE look to commercialise innovations in sustainability December 26, 2022 Employment UAE’s Bayzat mulls expansion in Saudi after new funding round UAE-based employee benefits platform Bayzat has closed a Series C funding round, raising $25 million, the company said in a statement. The funding round was led by DisruptAD, ADQ’s venture platform, alongside Ischyros New York, a global hedge fund. To date, Bayzat’s has raised more than $60 million in funding by receiving backing from leading investors […] December 25, 2022 Energy UAE’s Adnoc acquires 24.9% stake in Austrian chemicals group State oil major Abu Dhabi National Oil Company (Adnoc) will acquire a 24.9 percent stake in Austria-based global energy and chemicals group OMV AG (OMV) from Mubadala Investment Company (Mubadala). The transaction will increase Adnoc’s shareholdings in both Borealis and Borouge, expanding its footprint in the chemicals sector. OMV holds a 75 percent stake in […] December 22, 2022 Real Estate Aldar and Mubadala jointly buy Al Maryah Tower for $123m Aldar Properties and Mubadala Investment Company, an Abu Dhabi sovereign investor, have partnered to acquire Al Maryah Tower, a prime Grade A commercial office property on Al Maryah Island, for AED 450 million ($122.51 million), state-owned WAM news agency reported. The transaction gives Aldar control of all Grade A office space at Abu Dhabi Global […] December 15, 2022 Development Bill Gates hails UAE president’s action on Covid and polio Bill Gates has praised his foundation’s partnership with Sheikh Mohamed Bin Zayed Al Nahyan, the UAE’s president, for its progress in tackling Covid-19 and polio. The philanthropist and Microsoft co-founder told an event in Abu Dhabi on Sunday: “We’ve worked with the [UAE] president on a number of things – he has been very generous […] December 13, 2022 Sustainability Saudi PIF acquires 9.5% stake in Germany’s Skyborn Renewables Saudi Arabia’s Public Investment Fund (PIF) acquired a 9.5 percent stake in Germany’s Skyborn Renewables. The investment will allow PIF to accelerate the energy transition and scale up its international clean energy ambitions by partnering with a geographically diversified offshore wind energy platform, it said in a statement. No financial details were disclosed. In October, […] December 13, 2022 Posts navigation Previous 1 … 31 32 33 … 36 Next
Cop28 Cop28 chief sets out UAE’s vision for climate finance The UAE intends to make financing for climate change projects “more affordable [and] much more accessible”, the country’s oil chief and Cop28 president has said. Dr. Sultan Al Jaber said finance reforms were needed because the world was “way off track” the goals of the 2015 Paris climate accord, during a speech to the Atlantic […] January 16, 2023
Economy Mubadala and Alpha Dhabi to capitalise on discounted assets The move by Alpha Dhabi and Mubadala to join forces and co-invest in credit opportunities does not pose a significant threat to traditional banking structures. Instead, according to Rachel Ziemba, founder of geo-economic advisory firm Ziemba Insights, it will act as a valuable tool to “look for early-stage investments and perhaps pick up assets at […] January 6, 2023
Analysis Banking and Finance Gulf wealth funds look to snap up ‘cheap’ assets in West Sovereign wealth funds across the Middle East are forecast to take advantage of “limited competition” from global peers this year to pursue “cheap” assets in Europe, the US and other western markets. A sharp drop in stock and bond markets over the past year has resulted in the combined value of the world’s sovereign wealth […] January 3, 2023
UAE startup MangoGTM launches ‘Amazon for software vendors’ MangoGTM, a UAE-based startup, is aiming to help small regional entrepreneurs get their foot in the door with some of the biggest companies in the world. The business was set up four years ago as a consulting and servicing company but has since evolved into a wider technology marketplace, marrying buyers and vendors in what […] January 3, 2023
Opinion Sustainability Green for go as UK and UAE count down to Cop28 The environment will be a key theme as the UK and UAE look to commercialise innovations in sustainability December 26, 2022
Employment UAE’s Bayzat mulls expansion in Saudi after new funding round UAE-based employee benefits platform Bayzat has closed a Series C funding round, raising $25 million, the company said in a statement. The funding round was led by DisruptAD, ADQ’s venture platform, alongside Ischyros New York, a global hedge fund. To date, Bayzat’s has raised more than $60 million in funding by receiving backing from leading investors […] December 25, 2022
Energy UAE’s Adnoc acquires 24.9% stake in Austrian chemicals group State oil major Abu Dhabi National Oil Company (Adnoc) will acquire a 24.9 percent stake in Austria-based global energy and chemicals group OMV AG (OMV) from Mubadala Investment Company (Mubadala). The transaction will increase Adnoc’s shareholdings in both Borealis and Borouge, expanding its footprint in the chemicals sector. OMV holds a 75 percent stake in […] December 22, 2022
Real Estate Aldar and Mubadala jointly buy Al Maryah Tower for $123m Aldar Properties and Mubadala Investment Company, an Abu Dhabi sovereign investor, have partnered to acquire Al Maryah Tower, a prime Grade A commercial office property on Al Maryah Island, for AED 450 million ($122.51 million), state-owned WAM news agency reported. The transaction gives Aldar control of all Grade A office space at Abu Dhabi Global […] December 15, 2022
Development Bill Gates hails UAE president’s action on Covid and polio Bill Gates has praised his foundation’s partnership with Sheikh Mohamed Bin Zayed Al Nahyan, the UAE’s president, for its progress in tackling Covid-19 and polio. The philanthropist and Microsoft co-founder told an event in Abu Dhabi on Sunday: “We’ve worked with the [UAE] president on a number of things – he has been very generous […] December 13, 2022
Sustainability Saudi PIF acquires 9.5% stake in Germany’s Skyborn Renewables Saudi Arabia’s Public Investment Fund (PIF) acquired a 9.5 percent stake in Germany’s Skyborn Renewables. The investment will allow PIF to accelerate the energy transition and scale up its international clean energy ambitions by partnering with a geographically diversified offshore wind energy platform, it said in a statement. No financial details were disclosed. In October, […] December 13, 2022
