News

The Abu Dhabi sovereign wealth fund has increased its exposure to private credit as traditional institutions shy away from ...
Altogether, Abu Dhabi’s public capital is estimated at US$ 2.3 trillion and is projected to reach US$ 3.4 trillion by 2030, according to Global SWF estimates.
Gemcorp is raising a $1 billion fund out of its Abu Dhabi office to back private credit deals in Africa as the London-based ...
UAE sovereign wealth fund ADQ is part of an initiative to launch a new stablecoin backed by the emirates’ currency. The $225 billion fund, alongside investment manager IHC and First Abu Dhabi ...
First Abu Dhabi Bank reported a 29% increase in second-quarter net profit driven by strong revenue growth, lifting its shares on Wednesday.
Wizz Air Abu Dhabi, introduced to ‘shake up’ the Gulf’s aviation narrative, is closing down — drawing a firm line under what ...
Abu Dhabi National Oil Company said on Wednesday it plans to transfer its 24.9% shareholding in Austria's OMV AG to its XRG ...
Arabian Gulf Business Insight on MSN2d

Adia buys minority stake in Indian medical company Meril

The Abu Dhabi Investment Authority (Adia) will acquire a minority stake in Indian medical devices company Micro Life Sciences (Meril) for $200 million. The 3 percent stake will be purchased by a ...
It isn’t an attempt to surmount market forces but to offer an alternative to adversaries’ capital.
DUBAI (Reuters) -Abu Dhabi sovereign wealth fund ADQ, conglomerate IHC, and the UAE's biggest lender by assets First Abu Dhabi Bank (FAB) are planning to launch a new stablecoin backed by dirhams ...