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Top related persons:
Brookfield - 1 They’ve - 1 EBITDA - 1 Pamela Barbaglia - 1 Xavier Niel - 1 George Hay - 1 Streisand Neto - 1
Top related locs:
Abu Dhabi Saudi Dubai
Top related orgs:
Brookfield Asset Management - 1 London - 1 Network - 1 Francisco Partners - 1 Abu Dhabi Bank - 1 Abu - 1 Abu Dhabi Developmental Holding Company - 1 FAB - 1

Search resuls for: "Abu Dhabi Developmental Holding Company"


3 mentions found


☆ Brookfield gets some M&A help from Gulf friends
  + stars: | 2023-06-09 | by ( ) www.reuters.com   time to read: +2 min
LONDON, June 9 (Reuters Breakingviews) - Brookfield Asset Management (BAM.TO) has won its payments race. The Canadian investment group’s 2.2 billion pound bid for London-listed payments provider Network International (NETW.L) was enough to see off a rival pitch from CVC and Francisco Partners. They’ve also endorsed a plan to merge Dubai-based Network International with domestic peer Magnati, a former unit of FAB. If Network International alone can grow revenues at a 15% annual clip and reach a margin of 44% from the current 41%, EBITDA could hit $388 million by 2028. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Brookfield, They’ve, EBITDA, Pamela Barbaglia, Xavier Niel, George Hay, Streisand Neto Organizations: Reuters, Brookfield Asset Management, London, Network, Francisco Partners, Abu Dhabi Bank, Abu, Abu Dhabi Developmental Holding Company, FAB, ACI, Brookfield, Twitter, Thomson Locations: Abu Dhabi, Saudi, Dubai
☆ Egypt: How the Arab world's most populous country became addicted to debt
  + stars: | 2022-12-16 | by ( Cnn Staff | ) edition.cnn.com   time to read: +12 min
The loan, along with billions of dollars in cash inflows from Abu Dhabi and Riyadh, are Band-Aids, experts say, designed to keep the Arab world’s most populous country afloat. Without proper reforms, however, Egypt may never be able to shake off its chronic financial woes and break its growing debt addiction. Billions of dollars from Abu Dhabi and Riyadh have poured into the Egyptian economy in recent years. Saudi Arabia’s Public Investment Fund (PIF) also launched the Saudi Egyptian Investment Company (SEIC) in August, a company dedicated to investments in several vital sectors of the Egyptian economy. Still, the Egyptian economy has struggled to shake off its economic woes.
☆ Gulf states use new oil riches to gain regional influence
  + stars: | 2022-10-31 | by ( Nadeen Ebrahim | ) edition.cnn.com   time to read: +13 min
“Money talks,” Michael Maduell, president of the Sovereign Wealth Fund Institute in Las Vegas, told CNN. Saudi Arabia’s de facto ruler, Crown Prince Mohammed bin Salman, last week announced that the nation’s wealth fund, the Public Investment Fund (PIF), is establishing five regional companies worth $24 billion across the Middle East. One of the key regional investment destinations for both Abu Dhabi and Riyadh has been Egypt. Once a regional rival, Turkey is now an economic ally of Saudi Arabia and the UAE. Despite a political thaw, Gulf investments in Iran and Syria are unlikely for the time being, say analysts.
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