Abu Dhabi shakes up wealth funds with top royals chairing
By Yousef Saba DUBAI (Reuters) – Abu Dhabi announced a reshuffle at the top of its two biggest sovereign wealth funds on Thursday, appointing senior members of the royal family as chairmen.…
Upside Foods valued at over $1 billion after Temasek, Abu Dhabi Growth Fund-led funding
By Mehnaz Yasmin (Reuters) – Upside Foods has raised $400 million in a funding round led by Temasek and Abu Dhabi Growth Fund, valuing the cultivated meat company at over $1 billion,…
First Abu Dhabi Bank set to sell $500 million sukuk
By Yousef Saba DUBAI -First Abu Dhabi Bank, the United Arab Emirates’ largest lender, is set to sell $500 million in senior unsecured Islamic bonds at 75 basis points over U.S. Treasuries,…
Brookfield in talks to buy First Abu Dhabi Bank’s payments arm in $1 billion deal – Bloomberg News
– Canada’s Brookfield Asset Management Inc is in talks to buy the payments business of UAE’s biggest lender First Abu Dhabi Bank PJSC, Bloomberg News reported on Tuesday. The unit, called Magnati,…
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