Investcorp plan to double its assets under management
May 6, 2021 Investcorp, the biggest private equity and alternative asset manager in the Middle East, has outlined a plan to double its assets under management within seven years to $50 billion (from c.$25 billion as at end 2018). Built on investing money from wealthy Middle East families and sovereign funds into the U.S. and Europe, Investcorp currently manages over…
Abu Dhabi’s ADQ investing at a faster pace
May 4, 2021 Less than two years into frenetic dealmaking that secured hauls from pharmaceuticals to agricultural trading, Mohamed Hassan Alsuwaidi’s biggest worry is whether he is moving “fast enough”. ADQ has quickly emerged as Abu Dhabi’s go-to lever for addressing its biggest weaknesses. Although Alsuwaidi wouldn’t specify ADQ’s size, but said that the $110 billion estimate by Global SWF…
Aldar alliance with Fifth Wall for ‘proptech’
May 03, 2021 Abu Dhabi's Aldar Properties has entered an alliance with Fifth Wall - the world's biggest venture capital firm focussed on real estate technology – to tap into its network of proptech startups in Europe and gain access to the latest technologies and trends in the sector. The partnership with Fifth Wall adds to Aldar’s existing portfolio of…
Saudi Arabia offers new Aramco stake to global energy company
April 28, 2021 Saudi Arabia is in talks to sell a 1% stake in state oil company Saudi Aramco to a leading international energy heavyweight, according to reports. Additional stakes in the world’s largest oil company could be divested also within the next two years. Chinese state-owned players Sinopec and PetroChina earlier expressed their interest to acquire equity in Aramco…
UAE $17 Billion Treasury-purchase larger than China’s
Apr 21, 2021 The UAE went on its biggest Treasury-buying spree on record in February, purchasing more of the safe-haven securities than China in one of the worst months for U.S. debt markets in years. The Gulf nation, OPEC’s third-biggest crude producer, raised its stockpile by about $17 billion to $50.6 billion, making it the largest buyer after the U.K.…