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ADQ Approaches US$200bn, but Stake in Lunate is Still Unknown

29th April, 2024

Opacity is the common characteristic of most Arabian Gulf sovereign wealth funds, but ADQ’s disclosure this week with a prospectus for a bond issue shines a light on the Abu Dhabi fund’s evolution.

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Championing Consolidation: ADQ Creates Pharma Giant

24th April, 2024

Gulf sovereign wealth funds are continuing to consolidate assets, grouping them into platforms to become regional and global champions.

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UAE SWF's Chunky Listed Assets Buffeted By Markets, But Funds Will Remain Firm

23rd April, 2024

Emirati sovereign wealth funds’ decision to list assets can help drive private investment into their assets, free up capital for diversifying portfolios and improve transparency – but weighty listed assets can play havoc with portfolio values, as some funds have learned in the year-to-date.

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ADQ-Owned TAQA's Take-Over Bid for US$23.5bn Naturgy Could Be Biggest Ever SWF M&A

17th April, 2024

ADQ subsidiary TAQA is looking to buy out Spanish energy firm Naturgy in what could be the biggest ever acquisition by a sovereign wealth fund portfolio company.

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Lunate Brings Oil Pipelines Back In-House, Slashing FDI in Midstream Infra

5th April, 2024

Lunate Capital, a multi-asset class investment manager backed by Abu Dhabi sovereign wealth fund ADQ and seeded with US$50 billion, has conducted its first major transaction, acquiring a 40% stake in Adnoc Oil Pipelines from BlackRock and KKR.

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Gulf SWFs Build their EV Empires

2nd April, 2024

The Gulf region’s sovereign wealth funds have pursued very different strategies towards the rise of electric vehicles.

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ADQ Boosts Crisis-Ridden Egyptian Economy

27th February, 2024

The UAE is set to funnel US$35 billion into the Egyptian economy with infrastructure-oriented sovereign fund ADQ set to lead the capital injection by a consortium of investors, which could move the North African country from life support to economic resurrection.

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Red Sea Conflict Risk to PIF Investments

16th January, 2024

The Red Sea region is at significant risk of conflict escalation amid Houthi attacks on ships and retaliation by the US, UK and their partners in Operation Prosperity Guardian to protect global supply chains - and this puts Gulf sovereign wealth funds' investments in the region at increasing risk as conflict escalates.

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Oman’s OIA Follows Gulf Peers with Egyptian Banking Bid

9th January, 2024

The Oman Investment Authority (OIA) is reportedly in negotiations with the Egyptian government to acquire a majority stake in the Export Development Bank of Egypt (EBank) as it heads for an IPO.

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Lunate starts operations with 50-strong team, aims high

2nd January, 2024

Lunate Capital, a multi-asset class investment manager created by Abu Dhabi sovereign wealth fund ADQ and seeded with US$50 billion, started operations on New Year’s Day with a 50-strong team and far-sighted ambitions.

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Global SWF's Most-read Commentaries of 2023

29th December, 2023

This year saw Global SWF publish 250 daily articles on the latest developments in the sovereign wealth universe at a time of rising geopolitical tensions, economic slowdown and high inflation.

Abu Dhabi Joins EV Race with US$3bn Chinese Investment

27th December, 2023

Abu Dhabi sovereign wealth ADQ is backing a US$3 billion investment of the Emirate’s Department of Finance into Chinese electric vehicle producer NIO, which is among the world’s top five EV producers.

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