UK decides not to proceed with tax on Gulf SWFs
April 13, 2023 The UK’s investment minister has highlighted the recent decision to scrap plans to impose a tax on Gulf sovereign wealth funds (SWFs) investing in the country as evidence of the importance the British government places on the region. ”Collaborative relationships with Gulf sovereign wealth funds are very important to the UK and our decision not to tax…
DP World’s investments in the logistics sector totaled more than $10 billion since 2012
April 02, 2023 Dubai’s DP World has invested more than $10 billion (Dhs37.3 billion) in the global logistics sector since 2012, making it one of the top five overseas investors in this period, according to the latest foreign direct investment (FDI) data from FDI Intelligence. The state-owned ports operator ranked fifth in the world in 2022 by total value of…
Mubadala, Ares partner to deploy $1 billion through JV into credit secondaries
March 23, 2023 Abu Dhabi’s Mubadala Investment Company (Mubadala) and Ares Management Corporation plan to deploy approximately $1 billion in global credit secondaries opportunities through a joint venture. The venture represents a key milestone for both organizations and will enhance Mubadala’s positioning within the secondaries credit market while enabling Ares to significantly scale its offering. Meanwhile, the Global Sovereign Wealth…
Foreign countries look to the Middle East for money during global instability
March 09, 2023 As oil prices made a roaring comeback in the last two years, the Gulf’s public wealth funds went on a spending spree. The top five regional funds in terms of spending in the last year — Abu Dhabi’s ADIA, ADQ and Mubadala, Saudi Arabia’s PIF and Qatar’s QIA — deployed a combined total of more than $73…
Masdar’s investment in clean energy projects for Q1 2023 valued at $30 billion+
March 06, 2023 UAE-based Masdar’s global portfolio of invested or committed-to-invest clean energy projects stood at more than $30 billion as of the first quarter of 2023, according to the renewable energy company’s Green Finance Framework (GFF) statement. Combined, these projects have a gross capacity of over 20 gigawatts (GW), capable of displacing up to 30 million tonnes of carbon…
Pelion Venture Partners Close Pelion Venture Partners Fund VII at $365 Million
December 14, 2021 (Dubai, UAE) Earlier this month, Pelion Venture Partners announced the October closure of their Pelion Venture Partners Fund VII at $365 million, exceeding their initial target of $250 million. Greenstone Equity Partners, the largest licensed fund placement firm in the Middle East, supported Pelion Venture Partners in achieving fund closure by raising capital from its network of GCC-based…
Venturing Forth: prospects for the Private Equity and Venture Capital market in the Middle East
August 3, 2021 (Dubai) In an interview by MEA Finance Magazine, Greenstone Equity Partners' Chairman, CEO and Founder Alex Gemici, paints a detailed picture of the prospects for the Private Equity and Venture Capital market in the Middle East. Highlights from the interview include: Commenting on the expectation that Private Equity firms to become more involved in M&A in the…