Company Insights Mubadala Investment Company Finance Mubadala Investment Company News Markets Mubadala-backed Brazilian bourse targets 2025 debut Brazil’s newest stock exchange, which is owned by Abu Dhabi’s Mubadala, is expected to begin operations in the second half of 2025, following a six-month testing phase. Base Exchange, the operator of the exchange, will initially trade equities, real estate funds and exchange-traded funds (ETFs) through its own clearing and settlement structure, Reuters reported, citing CEO Claudio […] December 12, 2024 EXCLUSIVE Construction Masdar City struggles to find contractors for cutting-edge projects Masdar City, Abu Dhabi’s flagship sustainable eco-city project, is facing a shortage of contractors skilled enough to meet the demands of its ambitious projects, a senior executive has warned. Masdar, the UAE’s clean energy company, is the anchor tenant at Masdar City, with the Mubadala Investment Company, one of Abu Dhabi’s sovereign wealth funds, ashareholder […] December 12, 2024 Analysis Finance Cultural factors reduce risk for Gulf BNPL providers Buy-now-pay-later companies in the US and Europe have endured prolonged losses due to high operating costs and rising customer defaults, but BNPL operators in the Gulf may be faring better thanks to differing market dynamics, according to analysts. BNPL has soared in popularity in many regions as an easy and cheap form of consumer debt, […] December 11, 2024 Oil & Gas Kuwait’s state oil company to expand in Indonesia State-owned Kuwait Foreign Petroleum Exploration Company plans to expand its operations in Indonesia, according to the company’s senior executive. Kufpec is a subsidiary of Kuwait Petroleum Corporation, tasked with exploring and extracting oil and gas outside Kuwait’s borders. It is active in nine countries across Australasia, Africa, North America and Europe. In Indonesia Kufpec already […] December 11, 2024 Artificial Intelligence US clears export of advanced AI chips to UAE The US has approved the export of advanced computer chips used for artificial intelligence to the UAE, reports indicate. Under the agreement the UAE will allow exports to a Microsoft-operated facility for use by Emirati state-backed AI company G42. Microsoft has invested more than $1.5 billion in G42 and holds a minority stake and board […] December 9, 2024 Finance Mubadala to focus on Asia investments says CEO Abu Dhabi wealth fund Mubadala Investment Company will focus on investments across Asia, CEO and managing director Khaldoon Al Mubarak has said. “Asia in general, we are under-invested,” Reuters reported, quoting Al Mubarak at the Milken Institute Middle East and Africa summit. “You have to take a very strong view on India, you have to […] December 9, 2024 Real Estate Property app Stake to launch in Saudi Arabia A fractional-ownership platform that enables investors to own parcels of real estate for as little as SAR500 ($134) is to launch in Saudi Arabia on December 9. Based in Dubai, Stake offers investors the opportunity to buy parts of residential and commercial properties. Fractional property ownership is a rising trend in the global real estate market. […] December 6, 2024 Tech Mubadala-led group buys stake in US company Zelis A consortium led by Abu Dhabi’s Mubadala Investment Company is to acquire a minority stake in Zelis, a US-based financial technology company. The other partners are Norwest and HarbourVest. Parthenon and Bain Capital remain the majority owners in Zelis. Zelis is helping to streamline the US healthcare financial experience, which is complex and needs technology-driven solutions, […] December 5, 2024 Finance Mubadala Capital’s $8.7bn bid to privatise CI Financial Mubadala Capital, the Abu Dhabi-based alternative asset manager, has made an all-cash offer of C$12.1 billion ($8.66 billion) to privatise CI Financial, a Canadian asset and wealth manager. As part of the agreement, all issued and outstanding shares of CI will be acquired for C$32 per share in cash, except for shares held by senior management […] November 26, 2024 Video length: 03:43 VIDEO Tech Funding squeeze stifles AI innovation in Mena Emerging technology and AI startups in the Mena region are struggling to find investors. Industry experts say that the Middle East attracts less than 5 percent of global funding for AI because of the lack of specialised venture capital funds that are willing to take risks. “Our region lags behind the rest of the world […] November 25, 2024 Posts navigation Previous 1 … 7 8 9 … 33 Next
Markets Mubadala-backed Brazilian bourse targets 2025 debut Brazil’s newest stock exchange, which is owned by Abu Dhabi’s Mubadala, is expected to begin operations in the second half of 2025, following a six-month testing phase. Base Exchange, the operator of the exchange, will initially trade equities, real estate funds and exchange-traded funds (ETFs) through its own clearing and settlement structure, Reuters reported, citing CEO Claudio […] December 12, 2024
EXCLUSIVE Construction Masdar City struggles to find contractors for cutting-edge projects Masdar City, Abu Dhabi’s flagship sustainable eco-city project, is facing a shortage of contractors skilled enough to meet the demands of its ambitious projects, a senior executive has warned. Masdar, the UAE’s clean energy company, is the anchor tenant at Masdar City, with the Mubadala Investment Company, one of Abu Dhabi’s sovereign wealth funds, ashareholder […] December 12, 2024
Analysis Finance Cultural factors reduce risk for Gulf BNPL providers Buy-now-pay-later companies in the US and Europe have endured prolonged losses due to high operating costs and rising customer defaults, but BNPL operators in the Gulf may be faring better thanks to differing market dynamics, according to analysts. BNPL has soared in popularity in many regions as an easy and cheap form of consumer debt, […] December 11, 2024
Oil & Gas Kuwait’s state oil company to expand in Indonesia State-owned Kuwait Foreign Petroleum Exploration Company plans to expand its operations in Indonesia, according to the company’s senior executive. Kufpec is a subsidiary of Kuwait Petroleum Corporation, tasked with exploring and extracting oil and gas outside Kuwait’s borders. It is active in nine countries across Australasia, Africa, North America and Europe. In Indonesia Kufpec already […] December 11, 2024
Artificial Intelligence US clears export of advanced AI chips to UAE The US has approved the export of advanced computer chips used for artificial intelligence to the UAE, reports indicate. Under the agreement the UAE will allow exports to a Microsoft-operated facility for use by Emirati state-backed AI company G42. Microsoft has invested more than $1.5 billion in G42 and holds a minority stake and board […] December 9, 2024
Finance Mubadala to focus on Asia investments says CEO Abu Dhabi wealth fund Mubadala Investment Company will focus on investments across Asia, CEO and managing director Khaldoon Al Mubarak has said. “Asia in general, we are under-invested,” Reuters reported, quoting Al Mubarak at the Milken Institute Middle East and Africa summit. “You have to take a very strong view on India, you have to […] December 9, 2024
Real Estate Property app Stake to launch in Saudi Arabia A fractional-ownership platform that enables investors to own parcels of real estate for as little as SAR500 ($134) is to launch in Saudi Arabia on December 9. Based in Dubai, Stake offers investors the opportunity to buy parts of residential and commercial properties. Fractional property ownership is a rising trend in the global real estate market. […] December 6, 2024
Tech Mubadala-led group buys stake in US company Zelis A consortium led by Abu Dhabi’s Mubadala Investment Company is to acquire a minority stake in Zelis, a US-based financial technology company. The other partners are Norwest and HarbourVest. Parthenon and Bain Capital remain the majority owners in Zelis. Zelis is helping to streamline the US healthcare financial experience, which is complex and needs technology-driven solutions, […] December 5, 2024
Finance Mubadala Capital’s $8.7bn bid to privatise CI Financial Mubadala Capital, the Abu Dhabi-based alternative asset manager, has made an all-cash offer of C$12.1 billion ($8.66 billion) to privatise CI Financial, a Canadian asset and wealth manager. As part of the agreement, all issued and outstanding shares of CI will be acquired for C$32 per share in cash, except for shares held by senior management […] November 26, 2024
Video length: 03:43 VIDEO Tech Funding squeeze stifles AI innovation in Mena Emerging technology and AI startups in the Mena region are struggling to find investors. Industry experts say that the Middle East attracts less than 5 percent of global funding for AI because of the lack of specialised venture capital funds that are willing to take risks. “Our region lags behind the rest of the world […] November 25, 2024