New report by GPCA shows a rise in private credit investments in 2022
February 22, 2023 Private credit and infrastructure investments across emerging and developing markets surged to record levels in 2022 as borrowers looked for alternative financing options amid rising interest rates, according to a report published on Wednesday. The Global Private Capital Association (GPCA) said private credit investment saw the largest increase, increasing by 89% ($10.8 billion) in 2022 from the…
Mubadala signs cooperation deal with Oman and Etihad Rail Company
February 21, 2023 Ambitious plans for a rail network connecting the UAE to Oman have taken a major step forward with a cooperation deal with Abu Dhabi's Mubadala Investment Company. Oman and Etihad Rail Company, a joint venture between Oman Rail and Etihad Rail to oversee the project, has signed an agreement with Mubadala for the development of the 303km route. The…
MoC signed by Abu Dhabi Fund for Development, IFC to support investments in sustainable sectors
February 14, 2023 Abu Dhabi Fund for Development (ADFD) and the International Finance Corporation (IFC), a member of the World Bank Group, has signed a Memorandum of Cooperation (MoC) during the World Government Summit to support investments in emerging markets related to the clean energy transition, climate mitigation, and adaptation, the adoption of clean technologies, and food security amongst others.…
Saudi Aramco fund invests in the Japanese “air mobility” company Terra Drone
January 25, 2023 The Saudi Aramco owned investment fund, Wa’ed Ventures, has led a $14 million ‘bridge round’ in Terra Drone, the Japan-based urban air mobility tech firm. This will see the Japanese firm launch a new subsidiary in the Kingdom, to localize its drone services as well as serve a global autonomous vehicles market expected to ‘grow to $1.5…
According to the CEO, Masdar has the “right capital and fuel” to promote renewable energy
January 16, 2023 Abu Dhabi’s clean energy company Masdar has the 'right capital and fuel' to accelerate the development of renewable projects, according to its chief executive. "We are sponsored by three very important [and] strong shareholders, [it] started with Mubadala 16 years ago, and recently, we welcomed Adnoc and Taqa to our company," Mohamed Al Ramahi told Abu Dhabi…