- Abu Dhabi’s Mubadala Investment Company (Mubadala) and Ares Management Corporation plan to deploy approximately $1 billion in global credit secondaries opportunities through a joint venture
- The venture represents a key milestone for both organisations and will enhance Mubadala’s positioning within the secondaries credit market
- The Central Bank of the United Arab Emirates has projected the country's annual real GDP growth to expand by 4.3 percent in 2024
- "After three quarters of high growth, the UAE’s economy maintained a solid footing in Q4 2022, reflecting a strong performance of both the oil and the non-oil sectors," the apex bank revealed in its 4th Quarterly Economic Review
- The Gulf region’s 10 largest sovereign wealth funds combined manage nearly $4 trillion, according to the Sovereign Wealth Fund Institute.
- The influx of foreign institutional investors and advanced-industry startups into Saudi Arabia and the UAE shows a level of sophistication that’s being noticed now more than ever, financiers say
- Non-oil trade between the two countries totaled nearly $5.3 billion in 2022, up 14 percent from 2021
- Dr. Thani Al Zeyoudi, Minister of State for Foreign Trade, held a meeting with Dukgeun Ahn, Minister of Trade of the Republic of South Korea, at the Ministry of Economy headquarters in Dubai. The meeting explored joint investment opportunities in several priority fields including trade, industry, real estate, insurance, health, technology, digital transformation and food security
