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Abu Dhabi Pumps £20 Billion into UK in 4-Year Spree

Summary

  • Abu Dhabi channels £20 billion into the UK over 4 years
  • Saudi small caps test the IPO market
  • Uber in talks with Mubadala for a deal in Turkey
Abu Dhabi Pumps £20 Billion into UK in 4-Year Spree

According to the latest Mideast Money newsletter, the Middle East is cementing its position as a major player in global finance. In the past 4 years, the Abu Dhabi sovereign wealth fund has channeled a staggering £20 billion into the UK market, underscoring the region's growing investment clout.

Meanwhile, Saudi Arabia's small-cap companies are testing the public markets, with several initial public offerings (IPOs) in the works. This signals a maturing of the Saudi stock exchange and the kingdom's efforts to diversify its economy beyond oil.

Separately, ride-hailing giant Uber is in talks with Abu Dhabi's Mubadala Investment Company for a potential deal in Turkey. This highlights the Middle East's strategic importance, as global firms seek to tap into the region's expanding consumer base and investment capital.

Overall, the Mideast is wielding increasing financial power, with Abu Dhabi, Saudi Arabia, and other players shaping the investment landscape across sectors and borders.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
Abu Dhabi has channeled £20 billion into the UK market over the past 4 years.
Saudi small-cap companies are testing the public markets, with several initial public offerings (IPOs) in the works.
Uber is in talks with Abu Dhabi's Mubadala Investment Company for a potential deal in Turkey.

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Abu Dhabi Pumps £20B into UK, Saudi IPOs Surge, Uber Eyes Turkey