e& exits Vodafone Group in $5.95 billion sale to Niel family group Vega
e& exits Vodafone Group after selling its entire stake for roughly $5.95 billion today. The Abu Dhabi firm ended its Vodafone role following a full international portfolio review. Investors watched as the Niel family group Vega vehicle agreed to take the shares. This e& Vodafone stake sale covers about 16.21 percent of the British telecom […]
$49 billion AI fund by Abu Dhabi’s MGX closes above its $45 billion target
$49 billion AI fund by Abu Dhabi’s MGX closed this week above its original target. The firm set out to raise $45 billion and finished the round with $49 billion. Investors from the Gulf, North America, Asia, and Europe supplied the new pool of capital. MGX said the fund gives backers exposure across the whole […]
ADNOC in a $1 billion deal to acquire Shell Downstream South Africa network
ADNOC will take over Shell’s downstream network across South Africa. The Abu Dhabi fuel retailer signed the agreement on Tuesday with Shell South Africa Holdings. This now sees the biggest overseas purchase in the company’s history to this point. ADNOC Distribution values the assets at an implied enterprise figure of about $1 billion today. This […]
Abu Dhabi Fund for Development strategic investments reach AED562 million
Abu Dhabi Fund for Development’s strategic investments reached AED562 million across six high-impact projects in 2025. These investments support healthcare, education, food security, and economic development across several emerging markets. The fund spread its capital across India, Vietnam, Indonesia, and Uzbekistan during the year. You can see how these projects target essential services in underserved […]
Abu Dhabi’s economic licence growth reaches 21% in first quarter of 2026
Abu Dhabi’s economic licence growth reached 21 percent during the first quarter of 2026. The figure compares against the same three-month period recorded across the emirate one year earlier. Officials at the Abu Dhabi Registration Authority (ADRA) released the new data this week. These numbers show strong demand for new economic licences that Abu Dhabi […]
AD Ports integrated logistics services to connect Khalifa Port to Umm Qasr
AD Ports’ integrated logistics services now link Khalifa Port with Umm Qasr Port in Iraq. The new route carries growing container and Ro-Ro cargo between these two busy ports. You now gain a direct weekly shipping service connecting the UAE with key Iraqi markets. AD Ports Group built this route to support trade across the […]
BRIDGE Alliance announces November 28 as launch date for second edition of BRIDGE Summit
ABU DHABI, 13th April, 2026 (WAM) — The BRIDGE Alliance announced that the second edition of the BRIDGE Summit will be held from 28th November to 2nd December 2026, relocating its venue to Yas Island in Abu Dhabi in partnership with Miral Group, with the summit extended to five days, Emirates News Agency mentioned today. […]