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Abu Dhabi's ADQ takes majority stake in logistics firm Aramex

Infrastructure

12 March, 2025

Abu Dhabi's ADQ takes majority stake in logistics firm Aramex

Abu Dhabi sovereign wealth fund ADQ on Tuesday said it now owns a 58% stake in logistics firm Aramex after ......

Etihad profit more than triples to almost $500 mn ahead of expected IPO

Infrastructure

20 February, 2025

Etihad profit more than triples to almost $500 mn ahead of expected IPO

Etihad Airways more than tripled its net profit last year to $476 million, the carrier, which sources say is set ......

Abu Dhabi's Mubadala overtakes Saudi Arabia's PIF as world's top wealth fund spender

Finance

02 January, 2025

Abu Dhabi's Mubadala overtakes Saudi Arabia's PIF as world's top wealth fund spender

Abu Dhabi's Mubadala Investment Company accounted for about 20% of the almost $136.1 billion spent by sovereign wealth funds worldwide ......

Asset manager Polen Capital to open office in Abu Dhabi

Finance

09 December, 2024

Asset manager Polen Capital to open office in Abu Dhabi

US investment management firm Polen Capital said on Monday it has received preliminary approval for a license to operate from the ......

Mubadala to take Canada's CI Financial private, stock skyrockets 30%

Finance

26 November, 2024

Mubadala to take Canada's CI Financial private, stock skyrockets 30%

Abu Dhabi's Mubadala Capital will take CI Financial private in a C$12.1 billion ($8.66 billion) all-cash deal, including debt, the Canadian ......

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Ruya Partners aims final close of $250 mn private credit fund by December-end

Finance

05 November, 2024

Ruya Partners aims final close of $250 mn private credit fund by December-end

Ruya Partners, the Gulf region’s first partner-owned private credit firm, is eyeing a final close of its $250-million target fund ......

Middle Eastern consumer chain Lulu Retail seeks to raise $1.4 bn via IPO

Consumer

28 October, 2024

Middle Eastern consumer chain Lulu Retail seeks to raise $1.4 bn via IPO

Lulu Retail Holdings, which runs one of the Middle East's biggest hypermarket chains, said on Monday it aims to raise ......

Dubai and Abu Dhabi race to lure world's wealth managers

Finance

24 October, 2024

Dubai and Abu Dhabi race to lure world's wealth managers

Abu Dhabi is emerging from Dubai's shadow as it attracts its own share of asset managers' and billionaires wealth, helping ......

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MENA Digest: Global Ventures-backed Abhi leads fundraising this week

General

18 October, 2024

MENA Digest: Global Ventures-backed Abhi leads fundraising this week

Abhi, a UAE-based fintech startup, which is backed by Global Ventures and VentureSouq, led fundraising activity in the Middle East ......

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LP Summit Dubai 2024: UAE's institutional LPs keen on Sharia-based credit financing

Finance

01 October, 2024

LP Summit Dubai 2024: UAE's institutional LPs keen on Sharia-based credit financing

Institutional limited partners operating in the United Arab Emirates, including endowment funds, family office investors and banks have an inclination to ......

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