Abu Dhabi sovereign wealth Mubadala leads $400 million Series D funding round for Germany-based insurtech Wefox

Wefox, a Berlin-based insurtech, has closed a $400 million Series D funding round led by Abu Dhabi Mubadala Investment Company, reports say. Other investors include Eurazeo, LGT, Horizons Ventures, OMERS Ventures, and Target Global, Wefox sells insurance to intermediaries and Read more

Gulf Islamic Investments acquires digital bank AGTB from Mubadala

UAE-based Gulf Islamic Investments (GII) has taken full control of Anglo-Gulf Trade Bank (AGTB) from Abu Dhabi’s sovereign wealth fund Mubadala, Zawya reports. The value of the operation has not been revealed. AGTB is a Category 1 digital bank licensed Read more

Alpha Dhabi Holding injects $2.5bn in New York-based Alpha Wave Ventures II fund

Alpha Dhabi Holding, an Abu Dhabi-based investment company, will invest 9.2 billion dirhams ($2.5 billion) in Alpha Wave Ventures II; a venture fund which focuses on financial tech, artificial intelligence, life sciences, consumer internet, and B2B. With the investment, Alpha Read more

UAE pledges to invest $4.2 bn in Greece

The UAE Monday announced a $4.2 billion Investment Initiative to facilitate investments in the Greek economy across a wide range of sectors, reports say. This came as part of several other agreements signed between the two countries as Prime Minister Read more

Abu Dhabi Ports Group inks deals with Red Sea Ports Authority on project in Egypt

Abu Dhabi Ports Group and Egypt’s Red Sea Ports Authority have signed a term sheet and a head of terms agreement for the development of major port projects along Egypt’s coast, Zawya reports. Per the first deal, AD Ports Group Read more

UAE-based National Petroleum Construction Company wins $98mln deal for wind farm project in Taiwan

UAE and Abu Dhabi-based National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging Company (NMDC), has secured a deal worth 363 million dirhams ($98.8 million) for a wind farm project in Taiwan, Zawya reports according to a disclosure Read more