Abu Dhabi / WAM Abu Dhabi Islamic Bank PJSC (Adib) announced that it has provided over AED1 billion in UK commercial real estate financing during 2021. The bank closed two deals in the UK in the month of November alone, taking its UK portfolio to around AED2.5 billion. Adib extended AED181 million in financing to Saudi Fransi Capital (SFC), ...

  ABU DHABI / WAM Mubadala Investment Company and Bahrain Mumtalakat Holding Company, the sovereign wealth fund of the Kingdom of Bahrain, on Tuesday signed a memorandum of understanding to facilitate strategic cooperation between the two institutions. As part of the MoU, Mubadala and Mumtalakat will explore worldwide co-investment opportunities. They will also exchange knowledge and best practices to enhance ...

  Bloomberg Saudi Arabia said global oil production could drop 30% by the end of the decade due to falling investment in fossil fuels. “We’re heading towards a phase that could be dangerous if there’s not enough spending on energy,” Saudi oil minister Abdulaziz bin Salman said in Riyadh. The result could be an “energy crisis,” he said. The minister ...