Asset growth in UAE’s banking sector likely to be sluggish in 2023
The UAE banking sector’s asset growth is expected to be sluggish in 2023 as the demand for credit may slow down due to further monetary tightening, professional services firm […]
ADFD, UNIDO discuss joint efforts to drive sustainable development
Mohamed Saif Al Suwaidi, Director-General of Abu Dhabi Fund for Development and Chairman of the Exports Executive Committee of the Abu Dhabi Exports Office (ADEX), has met Gerd Müller, […]
UAE’s ADCB sells NPL portfolio worth $1.1bln to investment funds
UAE’s Abu Dhabi Commercial Bank PJSC (ADCB) has sold a portfolio of non-performing loans (NPL) worth 4.2 billion dirhams ($1.1 billion) to investment funds advised by Davidson Kempner Capital Management […]
Dubai’s TECOM expands property portfolio with new $120mln investment
Dubai-listed business park operator TECOM Group is expanding its commercial real estate portfolio with an investment of AED 442 million ($120 million). The company said on Monday it has just […]
Gulf Capital opens its new global headquarters in ADGM
Gulf Capital, one of the largest private equity firms investing from the GCC to South and Southeast Asia, has opened its new global headquarters in the Abu Dhabi […]
Abu Dhabi’s Fertiglobe plans trial shipments of DEF to Europe
Abu Dhabi-based Fertiglobe, a joint venture between Abu Dhabi National Oil Co and chemical producer OCI, said it will produce diesel exhaust fuel (DEF) from its Egyptian Fertilizer Co.(EFC) facility […]
Kuwait-backed Wafra raises $1.5bln for stakes in fund managers
Wafra Inc, an investment firm backed by Kuwait’s public pension fund, said on Monday it has raised $1.5 billion for its fourth flagship fund that will acquire minority […]
Abu Dhabi’s Mubadala acquires stake in Germany’s Skyborn Renewables
Abu Dhabi’s strategic investor Mubadala Investment Co. has acquired a stake in Skyborn Renewables, alongside Global Infrastructure Partners (GIP). The acquisition of a 100% interest in Skyborn Renewables provides Mubadala […]
Abu Dhabi fund ADQ is pivotal to emirate’s domestic and foreign agenda
ADQ, Abu Dhabi’s newest sovereign fund, has a remit to reshape the emirate’s economy and is key to the oil exporter’s diplomatic ambitions, according to industry experts. While the Abu […]
UAE investments in Egypt rise by 169% in 6 months
The data of the Egyptian Central Agency for Public Mobilisation and Statistics (CAPMAS) has revealed that the value of Emirati investments in Egypt increased to US$1.9 billion (AED6.98 billion) […]
