Browsing: Real Estate

Wealth managers and major stock market players in the Gulf are gearing up for significant volatility in stock and currency markets ahead of the following US election. They are developing strategies to maximise potential gains for their clients, particularly family offices, while mitigating substantial downside risks.

Abu Dhabi state investor Mubadala and CBC Group have agreed to acquire UCB’s Chinese neurology and allergy business for $680M. This deal, expected to close in Q4 2024 pending regulatory approval, includes UCB’s neurology products (Keppra, Vimpat, Neupro) and allergy medications (Zyrtec, Xyzal), as well as the Zhuhai manufacturing site. UCB confirmed that this transaction will not affect its 2024 forecasts.

Abu Dhabi’s state investor Mubadala has invested in Yondr Group, a London-based data centre developer, marking its latest move into a sector expected to benefit from rising demand for cloud services and artificial intelligence (AI).