Abu Dhabi-based PureHealth announces intention to list on ADX

Healthcare giant PureHealth Holding has announced its intention to proceed with an initial public offering (IPO) and list its shares on the Abu Dhabi Securities Exchange (ADX). Trading on ADX is likely to commence in December subject to obtaining regulatory approvals and other required considerations. Hamad Al Hammadi, chairman of the Board of Directors of […]

Abu Dhabi’s Invest AD launches Blackstone Private Debt Fund

Abu Dhabi Investment Company (Invest AD), a wholly owned subsidiary of Mubadala Investment Company, has launched the Invest AD Blackstone Private Debt Fund, an SCA-regulated fund, which will offer local feeder access to Blackstone’s US and European private credit strategies. The feeder brings Blackstone’s institutional-caliber credit platform to qualified non-US investors, primarily in the UAE. […]

Sovereign wealth fund ADIA optimistic on equities, private credit after turbulent 2022

Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) said it was optimistic about public equities for 2023 after last year’s market rout, driven by high inflation and rising interest rates,  weighed on stocks’ valuations, making them more attractive. The fund was also looking at opportunities in the private credit market, as banks become more cautious […]

Dubai attracts greenfield FDI capital of $5.7bn in H1 2023

Dubai reported a 70 per cent year-on-year growth in total foreign direct investment (FDI) projects in the first half of 2023, according to Financial Times ‘fDi Markets’ data, with greenfield FDI projects accounting for 65 per cent of the total. The emirate attracted 511 greenfield projects and climbed to sixth position in FDI capital attraction, […]