Abu Dhabi / WAM Apollo, through its managed investment vehicles, has acquired an 11.1 percent minority stake in Aldar Investment Properties (AIP), a subsidiary of Abu Dhabi-listed Aldar Properties PJSC (Aldar) and the region’s largest institutional-class real estate platform, following completion of a AED1.469 billion ($400 million) transaction. The acquisition is part of the previously announced $1.4 billion investment ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Joko Widodo of Indonesia on the occasion of his country’s Independence Day, which is marked on August 17. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has ...

Abu Dhabi / WAM Michael Bolliger, Chief Investment Officer Emerging Markets at UBS Global Wealth Management, has stated that he expects the UAE’s economy to grow by over five percent in 2022. In an interview with the Emirates News Agency (WAM), Bollinger said that the UAE’s economy grew by 3.8 percent in 2021, due to appropriate government incentives and plans ...