Nearly half of the entrepreneurs in the UAE do not have succession plans in place to ensure their businesses are passed on to the next generation, according to a recent report by HSBC. The study reveals that 48% of businesspeople in the Emirates lack such plans, which is only 5% lower than the global average....
Abu Dhabi has been recognized as the leading city globally for sovereign wealth, managing an impressive total of $1.7 trillion in assets. This wealth is primarily held by three major entities: the Abu Dhabi Investment Authority (ADIA), Mubadala Investment Company, and the Abu Dhabi Developmental Holding Company (ADQ). Diego Lopez, the founder and managing director...
Hedge fund leaders, including prominent figures like Ken Griffin and Paul Singer, convened in Abu Dhabi for a private event organized by Goldman Sachs Group Inc. The gathering focused on the substantial financial resources available in the Middle East, particularly as US investors prepare for potential recession risks. The meeting highlighted the growing appeal of...
Abu Dhabi’s Sovereign Wealth Fund (ADSWF) has made a noteworthy investment of $436 million in Bitcoin exchange-traded funds (ETFs) during the first quarter of 2025. Such large acquisitions by sovereign funds may influence market dynamics and investor sentiment, as they signal increasing confidence in Bitcoin and could drive further institutional investments. This investment, recorded on...