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Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The yet-to-be-named platform will be set up in Abu Dhabi Global Market.
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Timely, detailed and well-written stories from the region
BlackRock, the world’s largest asset management firm, has partnered with Abu Dhabi’s largest listed company, International Holding Company (IHC), to form a new reinsurance venture, according to a statement by IHC.
The venture is expected to launch with early equity commitment of more than $1 billion, “which will be bolstered by additional hybrid and debt financing. After the signing of definitive documentation, BlackRock will provide a minority investment commitment to the venture,” read the conglomerate’s statement.
The yet-to-be-named platform will be set up in Abu Dhabi Global Market (ADGM), the emirate’s free zone. Sultan Ahmed Al Jaber, the UAE's …
آراء حول أحدث التطورات في الأعمال والاقتصاد من محرر الشرق الأوسط
Views on the latest happenings in business and economy from our ME Editor
