6th April, 2022
The UAE’s sovereign wealth funds are playing a key role in the privatization of the federation’s infrastructure, with this week’s IPO of the Dubai Electricity and Water Authority (DEWA) raising AED22.41 billion (US$6.1 billion) on the Dubai Financial Market.
23rd March, 2022
After months of negotiations, Abu Dhabi sovereign wealth fund ADQ has forged major investment agreements with its counterparts in Egypt and Turkey as the UAE bolsters its regional economic and political might.
1st January, 2022
For its significant contribution to the development of Abu Dhabi and the UAE, for its leadership in pursuing global partnerships, for its unparalleled investment and divestment activity displayed throughout the year, and, in general, for its contribution to the advancement of the SWF industry, Global SWF believes that Mubadala Investment Company is a worthy recipient of the 2021 Fund of the Year award. We spoke with Ahmed Saeed Al Calily, its Chief Strategy & Risk Officer, about the fund’s performance and ambitions.
8th December, 2021
The six countries of the Gulf Cooperation Council (GCC) are home to fewer than 60 million people, of whom only 29 million are nationals entitled to pension benefits. However, the pool of pension capital has been increasing steadily and can no longer be ignored. Global SWF estimates that the 10 PPFs from the region now manage US$ 502 billion, a 25% more than six years ago.
6th December, 2021
The merger of renewables assets by Abu Dhabi’s biggest energy asset owners under the ownership of Masdar, which was originally established by sovereign wealth fund Mubadala, is accelerating its push to develop its global portfolio of solar and wind generation plants.
2nd December, 2021
Congratulations are in order to the United Arab Emirates, for keeping seven (very wealthy) siblings under the same roof for the past 50 years. Here's to the next 50!
30th November, 2021
It is easy to forget that the UAE has a federal fund, given the high profile of their SWFs at emirate level. Luckily, its Board of Directors, led by Sheikh Mansour, reminded us of its importance last night. In his speech, the Deputy Minister of the UAE announced a new strategy “Fifty Principles” that aligns with the country’s development over the next fifty years.
25th November, 2021
Diplomatic rapprochement between the UAE and Turkey was sealed this week with a series of agreements between the two countries’ sovereign wealth funds and portfolio companies.
12th November, 2021
An agreement signed this week between Bahrain’s Mumtalakat and Abu Dhabi’s Mubadala to create a joint investment fund for both countries marks the latest development in intra-GCC economic ties.
8th November, 2021
Last March, Global SWF issued a special analysis on Abu Dhabi Inc., with a description of the four main SWFs operating out of the emirate today and with the first-ever estimate of ADQ’s assets under management (AuM), at US$ 110 billion. We also discussed the uncanny resemblance of the newest fund with its sister organization Mubadala, and how the new vehicle fitted in the overall macroeconomic goals.
18th October, 2021
A preliminary agreement for collaboration between G42 Healthcare and Abu Dhabi sovereign wealth fund Mubadala is the latest development in a year that has seen a slew of capital commitments by state-owned investors in the healthcare sector.
15th September, 2021
Abu Dhabi Inc comprises three SWFs with combined AUM of nearly US$1.2 trillion, but their distinct missions and strategic asset allocation are increasingly blurred as they diversify and expand their private equity footprint.