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Shorooq Partners eyes Saudi expansion with ‘oversubscribed' Bedaya Fund II

Finance

05 June, 2024

Shorooq Partners eyes Saudi expansion with ‘oversubscribed' Bedaya Fund II

Shorooq Partners, an Abu Dhabi-based venture capital firm, is set to double down on its commitments in Saudi Arabia from its oversubscribed ......

UAE-based institute unveils new AI tool to rival big tech

TMT

13 May, 2024

UAE-based institute unveils new AI tool to rival big tech

A government research institute in the United Arab Emirates on Monday released a new open source GenAI model, which could ......

Abu Dhabi's IHC to hold buyback of up to $1.36 bn

Finance

06 May, 2024

Abu Dhabi's IHC to hold buyback of up to $1.36 bn

International Holding Company (IHC), Abu Dhabi's largest listed company, said on Monday it would buy back up to 5 billion ......

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ADQ, Oman Investment Authority float VC fund to make bets in buzzing MENA startup market

TMT

23 April, 2024

ADQ, Oman Investment Authority float VC fund to make bets in buzzing MENA startup market

Gulf sovereign wealth investors – Abu Dhabi’s ADQ and Oman Investment Authority – have jointly floated a tech-focussed venture capital ......

Abu Dhabi's TAQA in talks with investors of Spanish firm Naturgy for possible takeover

Infrastructure

18 April, 2024

Abu Dhabi's TAQA in talks with investors of Spanish firm Naturgy for possible takeover

Abu Dhabi's TAQA is in talks with the three largest shareholders of Spanish energy firm Naturgy with a view to ......

Abu Dhabi's IHC raises stake in Adani Enterprises

General

03 October, 2023

Abu Dhabi's IHC raises stake in Adani Enterprises

Abu Dhabi conglomerate International Holding Co (IHC) said on Tuesday it has increased its stake in India's Adani Enterprises to ......

ADIA, GIC-backed Greenko Group to invest in MP project

Finance

10 January, 2023

ADIA, GIC-backed Greenko Group to invest in MP project

Renewable energy firm Greenko Group, backed by marquee investors like Singapore's sovereign wealth fund GIC, Japan's Orix Corp and Abu ......

Reliance Industries, Abu Dhabi chemical company form $2 billion production JV, MENA

General

07 December, 2021

Reliance Industries, Abu Dhabi chemical company form $2 billion production JV, MENA

Abu Dhabi state-owned Chemicals Derivatives Company (TA'ZIZ) and Indian conglomerate Reliance Industries have agreed to start a more than $2 ......

Abu Dhabi's state holding firm ADQ hires more bankers as it steps up dealmaking

Finance

20 September, 2021

Abu Dhabi's state holding firm ADQ hires more bankers as it steps up dealmaking

Abu Dhabi's $110 billion state holding company ADQ has hired scores of investment bankers from Western banks in the past ......

Abu Dhabi's Mubadala invested record amount in 2020, eyes aluminium IPO: CEO

General

12 April, 2021

Abu Dhabi's Mubadala invested record amount in 2020, eyes aluminium IPO: CEO

Abu Dhabi state investor Mubadala invested a record amount in 2020 as it doubled down on growth sectors, and is ......