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UK’s Gemcorp to raise USD 1 bn Africa fund from Abu Dhabi
UK-based asset manager Gemcorp is raising a USD 1 bn private credit fund from its Abu Dhabi office to finance…
THIS MORNING: To fire or not to fire Jay Powell? + Local airlines act fast to fill gap left by Wizz Air
Plus: Adnoc to transfer OMV stake to new investment arm
Mubadala pours more capital into CityFibre and PCI Pharma Services
Plus: Adia invests AED 17.7 mn in Anthem Biosciences’ IPO
Emirates Road is getting an upgrade
Plus: New Dubai-China pact targets business expansion in the manufacturing sector
ADCB’s 2Q outperforms analysts’ predictions
The bank saw its net income climb 10.8% y-o-y in 2Q 2025
PE firm BlueFive takes over Abu Dhabi’s Wusoom Holding
The transaction comes days after it closed the its USD 2 bn debut equity fund
Wizz Air Abu Dhabi to shut down operations by September
The airline cited high costs associated with maintenance problems along with airspace closures
New Dubai law creates regulatory body, compliance system for contractors
Violations carry fines of AED 1k-100k, with repeat offenses within a year doubling to AED 200k
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