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...The proposed investment in the new East Anglia Three offshore wind farm, which state-backed renewables company Masdar intends to finalise in the first quarter, is among a string of deals that oil-reliant...
...Mubadala, which is run by chief executive Khaldoon al-Mubarak, said that it intended to close the deal in the first quarter of 2024, subject to regulatory approvals....
...Sheikh Tahnoon is the UAE’s national security adviser, but he also chairs the state holding company ADQ, the country’s largest lender First Abu Dhabi Bank, and International Holding Company....
...it had already raised funds from Qatar on different terms at the time of the Abu Dhabi investment....
...First Abu Dhabi Bank (FAB) was born in 2017 when the UAE merged its first- and third-largest lenders to create a national champion....
...Back then it was Abu Dhabi’s stable of investment vehicles and the Kuwaiti and Qatari SWFs that made the biggest splashes....
...But he is also on ADQ, which is a state investment company. And then he’s the chairman of First Abu Dhabi Bank. So one, it’s incredible the reach this one guy has....
...But it is the first to choose a COP president, Sultan al-Jaber, who is also chief executive of one of the world’s biggest fossil fuel companies — the Abu Dhabi National Oil Company....
...arts expert also finds the stamina to chair First Abu Dhabi Bank....
...From a soft power perspective, Qatar will want to keep pace with its neighbours Abu Dhabi and Saudi Arabia, who both have teams in English football....
...Need to know: Global economy Sultan Al Jaber, the president-designate of COP28 and head of the Abu Dhabi National Oil Company, promised to “supercharge” global climate finance, finalise a $100bn fund to...
...foreign policy in directions favoured by his financial backers in Abu Dhabi....
...Staveley invested £3.5bn in Barclays on behalf of Sheikh Mansour bin Zayed Al Nahyan, a member of Abu Dhabi’s royal family, through her PCP Capital Partners, for a £30mn fee....
...of Qatar’s former prime minister, and chair of Qatar Islamic Bank....
...Saudi Arabia’s Public Investment Fund and Abu Dhabi’s ADQ fund have already spent about $4bn this year acquiring stakes in companies, including a bank, and chemicals, fertiliser, logistics and tech firms...
...Abu Dhabi, the wealthy capital and the UAE’s main oil producer, is enjoying the rewards of high crude prices too. “The swing dollar is now in the Gulf....
...ADQ is one of Abu Dhabi’s newest and most active state investment vehicles....
...Dhabi investment in Barclays bank at the height of the financial crisis....
...Abu Dhabi’s Mubadala also put $15bn in the first Vision Fund....
...Best known for orchestrating the purchase of Manchester City by the Abu Dhabi royal Sheikh Mansour bin Zayed al-Nahyan in 2008, Staveley’s “anti-Wall Street playbook” has proved successful once again....
...In 2009, plans for a GCC central bank and common currency were scuppered when the UAE pulled out because the institution was to be based in Riyadh, not Abu Dhabi....
...He set up First Gulf Bank, which later merged with National Bank of Abu Dhabi to form First Abu Dhabi Bank, when he was just 23....
...Abu Dhabi is keen to pursue a better relationship with the new ruler, who is steering one of the most fragile economies of the oil-rich Gulf states....
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