Browsing: Business

Abu Dhabi’s sovereign wealth fund, ADQ, has teamed up with the U.S. private equity firm Energy Capital Partners to invest over $25 billion in energy projects aimed at powering data centres, primarily in the United States.

Abu Dhabi’s renewable energy firm Masdar and Spanish power utility Endesa are nearing a deal where Masdar would pay approximately USD 200M for a 49.9% stake in a solar portfolio managed by Endesa, according to two sources familiar with the matter and a document reviewed by Reuters.

Dubai-based global tech firm Yango Group has launched a $20M corporate venture fund aimed at early-stage startups across the Middle East, North Africa, and Pakistan (MENAP), Sub-Saharan Africa, and Latin America

Mubadala Investment Co, Abu Dhabi’s sovereign wealth fund, is reportedly in discussions with global banks and market makers to establish a consortium comprising up to ten partners to provide liquidity for a new stock exchange in Rio de Janeiro, according to two individuals familiar with the matter.