Abu Dhabi’s International Holding Company (IHC) has introduced a new online marketplace that allows developers to purchase artificial intelligence (AI) chips. This platform aims to provide access to essential AI hardware and software, facilitating advancements in technology for developers in the region. The launch of this marketplace is part of IHC’s broader strategy to enhance...
Abu Dhabi investment firm International Holding Company (IHC) has joined forces with BlackRock to establish a reinsurance platform valued at $1 billion, which will be based in the Abu Dhabi Global Market (ADGM). The partnership aims to incorporate additional hybrid and debt financing into the venture. The unnamed platform will offer underwriting capabilities and will...
First Abu Dhabi Bank (FAB), the largest lender in the UAE by assets, has joined forces with the UAE sovereign wealth fund ADQ and holding company IHC to introduce a new dirham-backed stablecoin. This digital currency is intended for use by consumers, businesses, and institutions, pending regulatory approvals. The stablecoin will be issued by FAB...
Haldirams, one of India’s largest snack brands, has secured a significant investment from Abu Dhabi’s International Holding Company (IHC). Alongside IHC, Alpha Wave Global has also acquired equity in Haldirams, marking a strategic move that aims to bolster the company’s financial standing and provide the necessary funds for further expansion, particularly in the United States...