“NEXT50,” a joint initiative between “Investopia” and the “EMIR Center,” convened its second meeting to discuss how UAE companies can benefit from promising investment opportunities in new economic sectors both within the country and abroad. The meeting took place with the presence of Abdullah bin Touq Al Mari, Minister of Economy and the Chairman of...
Investing in racehorses has traditionally been limited to the wealthy elite, but a new scheme is changing this dynamic in Dubai. A company named Tokinvest is launching a racehorse tokenisation program that significantly lowers the cost of ownership, allowing investors to buy a fraction of a racehorse through a digital token that represents their share....
Abu Dhabi-based investment vehicle CYVN Holdings and Bahrain’s Mumtalakat Holding Company, the sovereign wealth fund of Bahrain, have announced the completion of their acquisition of McLaren Automotive, along with a non-controlling stake in McLaren Racing. This announcement follows the fulfillment of customary closing conditions and the receipt of necessary regulatory approvals to finalize the deal....
Abu Dhabi National Energy Company (TAQA) has partnered with Emirates Water and Electricity Company (EWEC) to unveil new energy infrastructure projects that will enhance the UAE National Strategy for Artificial Intelligence 2031 and the UAE Net Zero by 2050 initiative. This collaboration is marked by a significant 24-year Power Purchase Agreement (PPA) for the development...
Absa Group Ltd., South Africa’s third-largest bank by assets, is set to open a representative office in Dubai next year. This move aims to capitalize on the increasing trade and investment between the Middle East and Africa. Yasmin Masithela, the chief executive officer of Absa Group Ltd.’s corporate and investment banking unit, announced, “We’re setting...
The alternative investment sector has experienced a significant transformation with the official launch of SWI Group, resulting from a strategic merger between Icona Capital and Stoneweg. The newly formed entity boasts combined assets under management exceeding US $11 billion, establishing itself as a key player in various investment categories. French billionaire Max-Hervé George, who played...
Abu Dhabi-based International Holding Company (IHC) is set to acquire a stake in Haldiram Snacks, a leading Indian snack food manufacturer valued at $10 billion. This investment comes alongside New York-based Alpha Wave Global, marking a significant moment for Haldiram as it aims for international growth. The announcement follows Singapore’s Temasek, which recently acquired a...
Cerebras Systems has successfully cleared a U.S. government review concerning its connections with G42, an Abu Dhabi-based AI developer. This review was conducted by the Committee on Foreign Investment in the United States (CFIUS) and is expected to facilitate the California-based company’s long-anticipated initial public offering (IPO). The CFIUS probe specifically examined the planned $335...
EY-Parthenon, the strategy consultancy unit of EY, is set to make a significant $250 million investment in its AI-powered Edge platforms, collaborating with ecosystem partners such as Microsoft and vendors including OpenAI. This investment aims to enhance the capabilities of platforms like Competitive Edge, Diligence Edge, and Capital Edge, which provide private equity and corporate...
ADQ, a prominent sovereign investor focused on critical infrastructure and global supply chains, has successfully acquired a 63.26% stake in Aramex. This acquisition marks a significant step in ADQ’s strategy to expand its investment portfolio in the logistics sector. In a stock market disclosure, Mansour AlMulla, Deputy Group Chief Executive Officer of ADQ, indicated that...