Abu Dhabi-backed RedBird IMI faces further regulatory scrutiny of its £600mn planned takeover of the Telegraph Media Group following UK government concerns about a proposal to overhaul its corporate structure for the business. RedBird IMI wants to create a holding company via a new English limited partnership to acquire the newspaper group, as part of...
“The UAE Has Become Russia’s Main Trading Partner In The Arab Region” “Russia’s policy in the Middle East in 2023 was particularly active. Moscow managed to improve relations with Arab countries and Iran, strengthen dialogue with Turkey and maintain normal relations with Israel. All this was the result of strict adherence to the two diplomatic...
By ALISHA HOULIHAN for AML Intelligence GREYLISTED UAE has made a “substantial donation” to the funding of the body representing the world’s police Financial Intelligence Units (FIUs). The Egmont Group of FIUs represents most of the main FIUs and held its most recent annual conference at a glittering venue in Abu Dhabi. Today (Wed) the...
International Holding Company (IHC.AD) is making headlines again. Shares in the Abu Dhabi-listed group have risen nearly 900% since 2021, giving it a market value of $245 billion, but left outside observers scratching their heads. While last week’s formation of a new spinoff called 2PointZero might seem like a way to aid transparency, it’s actually more of the same. IHC’s many...
300 kilometre-plus west-east pipeline is crucial for Abu Dhabi as it aims to minimise security threats to emirate’s oil infrastructure. A leading international contracting giant has emerged as the potential front runner for Abu Dhabi National Oil Company’s (Adnoc’s) much-delayed $3 billion project involving the strategic west-east oil pipeline from the Jabel Dhanna port in...
Rishi Sunak might fear upsetting Arab friends, but these are great British institutions whose future is now in doubt. I joined this newspaper in 1979 and have subsequently edited all the three titles in its stable – The Spectator, The Sunday Telegraph and The Daily Telegraph. I remain on the staD. I have therefore reached...
Deal could be referred to Ofcom but some analysts say concerns about foreign influence may be overstated. Shortly after midday on Monday, an email arrived in the inbox of staff at the Daily Telegraph from their editor. “Over the weekend a number of you have asked me questions about the future ownership of the Telegraph,” Chris Evans...
Sultan Ahmed al-Jaber is not named on the website of the Abu Dhabi fund bidding for the Telegraph titles and his Wikipedia page contains no reference to his role in shaping the country’s censorship regime. Al-Jaber is, however, poised to become a prominent figure in UK media as chairman of International Media Investors (IMI) and...
Abu Dhabi National Oil Co. and Austria’s OMV AG are putting the final touches on a deal to create a petrochemical firm worth more than €30 billion ($32 billion), according to people with knowledge of the matter. Officials may reach a breakthrough as soon as mid-November, when the two sides will meet to discuss details...
The IssueRussian independent Lukoil has long been one of the country’s most active companies abroad. With minimal prospects for domestic expansion the company remains hungry for geographic diversification. The war in Ukraine has complicated its efforts but it continues to find willing partners in countries with friendly — or at least neutral — policies toward...