UAE fund RedBird IMI sells The Telegraph newspaper
RedBird IMI faces political backlash in the UK for failing to sell The Telegraph as promised, while pursuing new deals like ITV Studios amid growing concerns over foreign influence in British media.
UAE gold hits record high
As geopolitical tensions rise and Trump announces sweeping tariffs, UAE gold prices soar to $3,080.76 per ounce, reinforcing gold’s role as a safe-haven asset amid market volatility.
Abu Dhabi Commercial Bank PJSC to sell troubled loans
Abu Dhabi Commercial Bank plans new sale of troubled loans amid regional debt cleanup
UAE strengthens position in global sukuk market
Sukuk from Emaar and Aldar attract global investors as UAE real estate surges. With high yields and Sharia compliance, Dubai and Abu Dhabi become key sukuk hubs.
Cambridge Associates is expanding to Dubai
Cambridge Associates expands into the Middle East with a new office in Dubai’s DIFC, aiming to serve private investors, family offices, and institutions amid growing demand for global asset management.
UAE to launch 10-year investment program in US economy
The UAE will launch a 10-year, $1.4 trillion investment program in the US, focusing on AI, semiconductors, energy and manufacturing, following high-level talks in Washington.
UAE’s Taqa nears deal with Spain’s Naturgy Energy Group
Abu Dhabi’s Taqa is negotiating with CriteriaCaixa to buy into Spain’s €24 billion Naturgy Energy Group, aiming for strategic entry without majority control.
Blackrock and Emirates NBD announce new platform
Emirates NBD and BlackRock partner to create a new platform offering UAE investors exclusive access to private markets and alternative assets.
Reflect Orbital aims to power Dubai’s nighttime with solar power
Reflect Orbital plans to deliver sunlight at night using space mirrors, aiming to power Dubai after dark and revolutionize global solar energy accessibility.
Seviora opens office in Abu Dhabi
Seviora Group, managing US$54 billion in assets, launches ADGM office to strengthen regional ties and offer investment solutions across Asia, the Middle East, and beyond.