Company Insights ADQ Banking and Finance Latest ADQ DevelopmentsAI Insights ADQ holds a significant stake in AD Ports Group, which reported an earnings rise in the first quarter of 2025. Revenue increased 18 percent to AED4.6 billion, driven by the container shipping business. Net profit grew 16 percent to AED464 million. Red Sea disruptions are anticipated to continue to affect the maritime sector1. The company announced plans to inject $35 billion into Egypt to construct a new city, aimed at boosting economic growth. This initiative includes Ras El Hekma near Egypt's Mediterranean coast, a project set to become a prominent holiday destination2. It has appointed Modon as the primary developer for the $35 billion Ras El Hekma project. Modon, in collaboration with Elsewedy Industrial Development, plans to develop a 10 million square metre industrial zone to attract investors and manufacturers3. ADQ's influence extends to the aviation sector through its ownership of Etihad Airways. Etihad aims to double its fleet by 2030 with 94 aircraft on order, including a significant order of 28 wide-body models from Boeing4. ADQ recently became a majority shareholder in Dubai-listed Aramex, following the resignation of Aramex’s former CEO, Othman Al-Jeda, who left for personal reasons5. ADQ Overview ADQ – Abu Dhabi Developmental Holding Company – was established in 2018 by the government of Abu Dhabi. It is the 10th-largest sovereign wealth fund in the world, according to data from analyst Global SWF, and the 16th-largest fund when public pension funds are also considered. Abu Dhabi’s government transferred its stakes in 13 companies to ADQ in 2019. These included Abu Dhabi Power Corporation (since merged with Taqa), Abu Dhabi Ports, Etihad Rail, Abu Dhabi Health Services Company, National Health Insurance Company (Daman) and Abu Dhabi Airports Company. ADQ’s portfolio now spans about 25 companies across sectors including utilities, transportation, healthcare, agriculture and real estate. Subsidiaries include Etihad Airways, Abu Dhabi Airports Company, Wizz Air Abu Dhabi, Abu Dhabi Securities Exchange, Abu Dhabi National Exhibitions Company, Emirates Nuclear Energy Corporation, Emirates Water and Electricity Company, Louis Dreyfus Company and LuLu Group International. In February 2024 ADQ signed a $35 billion agreement with the Egyptian government to develop Ras El Hekma, and it is also busy with a $5 billion investment in infrastructure and other projects in Jordan announced in May May also saw ADQ issue its first bonds, selling $2.5 billion of debt on the London Stock Exchange, in what the company said marked a “significant step” in diversifying its funding sources. ADQ News Finance Mubadala’s $1bn sukuk order book oversubscribed five times Abu Dhabi sovereign wealth fund Mubadala has sold $1 billion in 10-year US dollar-denominated Islamic bonds, or sukuk, in its first debt sale of the year, news service IFR said on Wednesday. Acting through the Mamoura Diversified Global Holding debt vehicle, Mubadala priced the bonds at 60 basis points (bps) over US treasuries, narrower than […] May 29, 2025 Utilities Abu Dhabi’s Taqa focuses on US market Abu Dhabi National Energy Company, or Taqa, is exploring buying companies in the US and elsewhere, its chief executive told Reuters. The state-owned utility is continuing its international expansion and is striving to reach ambitious growth targets. “The US is a key market for us,” and “if the right opportunity presents itself for Taqa, we […] May 27, 2025 Industry UK’s Wood wins contract for UAE’s first methanol facility UK-based engineering company Wood Group has been awarded a project management consultancy contract for the UAE’s first methanol production facility, the British company said in a statement. The contract was awarded by Ta’ziz, a joint venture between Abu Dhabi National Oil Company (Adnoc) and state-owned Abu Dhabi Developmental Holding Company (ADQ). Construction of the plant, in […] May 27, 2025 Aviation Etihad comfortable with Boeing deliveries as profit rises Abu Dhabi’s Etihad Airways, which posted record profit in the first quarter, said it expects to take delivery of at least 100 planes from US plane maker Boeing over the next five years, helping to equip its route expansion plans. “We’re getting more than 20 planes a year for the next five years,” Etihad Airways […] May 21, 2025 Aviation Ex-Etihad CEO James Hogan takes stake in UK’s Global Airlines James Hogan, the former Etihad Airways chief executive who was at the helm during the airline’s loss-making expansion, is set to become a shareholder in the UK’s Global Airlines, a startup attempting to bring the Airbus A380 back into commercial service. Hogan’s advisory firm, Knighthood Global, will take a stake in Global Airlines and advise […] May 20, 2025 Aviation Etihad Airways commits $15bn for 28 Boeing jets Etihad Airways has invested $14.5 billion in 28 Boeing aircraft. Since 2023, the UAE’s national airline has grown its fleet as part of a long-term strategy to double in size by 2030. The agreement includes a mix of Boeing 787 and 777X aircraft, powered by GE Aerospace engines and supported by a services package, […] May 16, 2025 Health ADIO expands US office in health sector push The state-backed Abu Dhabi Investment Office (ADIO), which aims to attract inward investment into the UAE capital, is expanding its US operations to secure new funds for the local health sector. The expansion of the San Francisco office will support Abu Dhabi’s clinical validation and regulatory advancement in the healthcare and other priority sectors, state-run […] May 9, 2025 Logistics AD Ports reports revenue gains from Red Sea crisis Abu Dhabi-listed AD Ports Group said first-quarter 2025 revenue jumped as Red Sea disruptions positively impacted its container shipping business. The top line was up 18 percent year on year to AED4.6 billion ($1.3 billion), supported by revenues from ports, economic cities and free zones, as well as maritime and shipping clusters, the company said […] May 9, 2025 Logistics AD Ports to break ground on Egypt logistics park this year State-controlled AD Ports Group and Egypt government-backed Suez Canal Economic Zone have signed a 50-year renewable deal to develop and operate a 20 sq km logistics and industrial park near the coastal city of Port Said on the Mediterranean Sea. The Abu Dhabi-based ports operator will develop, construct, finance, operate and manage the industrial and logistics zone in […] May 5, 2025 Banking and Finance Abu Dhabi group creating dirham-backed stablecoin Sovereign wealth fund Abu Dhabi Developmental Holding Co. is among a group of companies developing a cryptocurrency that will be linked to the UAE dirham currency. Better known as ADQ, the fund – together with the emirate’s International Holding Company (IHC) and First Abu Dhabi Bank (FAB) – will develop the stablecoin to be regulated […] April 30, 2025 Posts navigation 1 2 … 22 Next
Finance Mubadala’s $1bn sukuk order book oversubscribed five times Abu Dhabi sovereign wealth fund Mubadala has sold $1 billion in 10-year US dollar-denominated Islamic bonds, or sukuk, in its first debt sale of the year, news service IFR said on Wednesday. Acting through the Mamoura Diversified Global Holding debt vehicle, Mubadala priced the bonds at 60 basis points (bps) over US treasuries, narrower than […] May 29, 2025
Utilities Abu Dhabi’s Taqa focuses on US market Abu Dhabi National Energy Company, or Taqa, is exploring buying companies in the US and elsewhere, its chief executive told Reuters. The state-owned utility is continuing its international expansion and is striving to reach ambitious growth targets. “The US is a key market for us,” and “if the right opportunity presents itself for Taqa, we […] May 27, 2025
Industry UK’s Wood wins contract for UAE’s first methanol facility UK-based engineering company Wood Group has been awarded a project management consultancy contract for the UAE’s first methanol production facility, the British company said in a statement. The contract was awarded by Ta’ziz, a joint venture between Abu Dhabi National Oil Company (Adnoc) and state-owned Abu Dhabi Developmental Holding Company (ADQ). Construction of the plant, in […] May 27, 2025
Aviation Etihad comfortable with Boeing deliveries as profit rises Abu Dhabi’s Etihad Airways, which posted record profit in the first quarter, said it expects to take delivery of at least 100 planes from US plane maker Boeing over the next five years, helping to equip its route expansion plans. “We’re getting more than 20 planes a year for the next five years,” Etihad Airways […] May 21, 2025
Aviation Ex-Etihad CEO James Hogan takes stake in UK’s Global Airlines James Hogan, the former Etihad Airways chief executive who was at the helm during the airline’s loss-making expansion, is set to become a shareholder in the UK’s Global Airlines, a startup attempting to bring the Airbus A380 back into commercial service. Hogan’s advisory firm, Knighthood Global, will take a stake in Global Airlines and advise […] May 20, 2025
Aviation Etihad Airways commits $15bn for 28 Boeing jets Etihad Airways has invested $14.5 billion in 28 Boeing aircraft. Since 2023, the UAE’s national airline has grown its fleet as part of a long-term strategy to double in size by 2030. The agreement includes a mix of Boeing 787 and 777X aircraft, powered by GE Aerospace engines and supported by a services package, […] May 16, 2025
Health ADIO expands US office in health sector push The state-backed Abu Dhabi Investment Office (ADIO), which aims to attract inward investment into the UAE capital, is expanding its US operations to secure new funds for the local health sector. The expansion of the San Francisco office will support Abu Dhabi’s clinical validation and regulatory advancement in the healthcare and other priority sectors, state-run […] May 9, 2025
Logistics AD Ports reports revenue gains from Red Sea crisis Abu Dhabi-listed AD Ports Group said first-quarter 2025 revenue jumped as Red Sea disruptions positively impacted its container shipping business. The top line was up 18 percent year on year to AED4.6 billion ($1.3 billion), supported by revenues from ports, economic cities and free zones, as well as maritime and shipping clusters, the company said […] May 9, 2025
Logistics AD Ports to break ground on Egypt logistics park this year State-controlled AD Ports Group and Egypt government-backed Suez Canal Economic Zone have signed a 50-year renewable deal to develop and operate a 20 sq km logistics and industrial park near the coastal city of Port Said on the Mediterranean Sea. The Abu Dhabi-based ports operator will develop, construct, finance, operate and manage the industrial and logistics zone in […] May 5, 2025
Banking and Finance Abu Dhabi group creating dirham-backed stablecoin Sovereign wealth fund Abu Dhabi Developmental Holding Co. is among a group of companies developing a cryptocurrency that will be linked to the UAE dirham currency. Better known as ADQ, the fund – together with the emirate’s International Holding Company (IHC) and First Abu Dhabi Bank (FAB) – will develop the stablecoin to be regulated […] April 30, 2025
