Saturday, 13 June 2026
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The GCC

Abu Dhabi Wealth Fund L’imad Increases Stake in Taqa Utility

Abu Dhabi’s sovereign investment arm L’imad has raised its holding in energy provider Taqa, signaling confidence in the utility’s growth prospects and reinforcing the emirate’s focus on diversified, low‑carbon assets.

Business & Economy

Dubai Launches Self Driving Taxis in Jumeirah and Umm Suqeim

Dubai’s autonomous ride‑hailing service expands to the upscale Jumeirah and coastal Umm Suqeim districts, offering residents a glimpse of driverless mobility backed by local regulator approval and partnerships with global tech firms.

Startups & Leadership

UAE Bank FAB Faces IMF Scrutiny Over Nigeria Loan Proposal

The International Monetary Fund has cautioned Nigeria about the $5 billion financing plan from First Abu Dhabi Bank, raising questions about risk assessment, sovereign lending standards and the broader impact on UAE’s regional banking reputation.

Crypto and Forex

Exoduspoint Secures $2 Billion Backing from Abu Dhabi’s Adic

ExodusPoint, a global crypto asset manager, closed a $2 billion funding round led by Abu Dhabi’s ADIC, signaling strong institutional confidence in the region’s digital‑asset ecosystem and paving the way for expanded UAE market participation.

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