fbpx
  • About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Finance

Abu Dhabi’s ADQ Declares $300mn Fund in Southeast Asia and India Start-ups

The Global Economics by The Global Economics
May 22, 2020
in Finance, Top Stories
Reading Time: 1 min read
0
Business people in a meeting

Business people in a meeting

31
SHARES
173
VIEWS
FacebookTwitterRedditWhatsAppLinkedInShare Link

Abu Dhabi based public joint stock company- ADQ has declared a new capital fund worth $300 million (1.1 billion dirhams)  named Alpha Wave Incubation (AWI) for investing in start-ups in India and Southeast Asia.

According to the company, the venture capital fund will be located at Abu Dhabi Global Market and will be managed by Falcon Edge Capital, a New York based investment firm. Additionally, fund will be using highly advanced regulatory frameworks and will provide its portfolio market access to companies in the United Arab Emirates (UAE), the Middle East, and North Africa.

According the chief executive officer of ADQ, Mohammed Hassan Al Suwaidi said that the AWI fund will help in further encouraging the culture of entrepreneurship in Abu Dhabi and promote the city’s position as a global innovation hub, with being aligned to the Ghadan 21 accelerator programme’s investment in their economy. Mayank Singhal, the head of venture capital and technology at the company also agreed to the fund’s ability in attracting young investors to the capital and generating sustainable and long-term financial returns.

Formerly known as Abu Dhabi Developmental Holding Company, the company is currently across 11 sectors such as logistics, tourism and hospitality, real estate, media, and others, and covers 90 companies.

The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

Related Posts

Meta shares increase the most since 2013 and earns $40 billion in share buybacks
Finance

Meta shares increase the most since 2013 and earns $40 billion in share buybacks

by Riya Thomas
February 3, 2023
Bank of England plans for its 10th successive interest-rate hike, stiffens for shallow recession
Funds

Bank of England plans for its 10th successive interest-rate hike, stiffens for shallow recession

by Riya Thomas
February 2, 2023
MNT-Halan secures the largest funding in the last 12 months in Egypt
Finance

Egyptian Fintech MNT-Halan Bags $400 Mn In A New Financing Round, the Biggest One In the Last 12 Months

by Shreejita Roy
February 2, 2023
A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit
Ultility

A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit

by Riya Thomas
February 1, 2023
Adani Group shares plunged, resulting in the erasure of $72 billion after three-day selloffs
Funds

72 Billion Wiped Out: Adani Group Shares Plunge After Three-Day Selloffs

by Riya Thomas
January 30, 2023
Facebook Twitter Instagram Youtube LinkedIn Soundcloud
The Global Economics

The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Unlocking Possibilities with ChatGPT: What AI-Assisted Conversation Could Mean for You?

Unlocking Possibilities with ChatGPT: What AI-Assisted Conversation Could Mean for You?

February 7, 2023
AMC Theatre

Want a Seat In The Middle of The Theatre? Pay More: AMC Movies

February 7, 2023
Contact- Egypt's Leading Financial Services Company Harnesses the Power of Artificial Intelligence

Contact- Egypt’s Leading Financial Services Company Harnesses the Power of Artificial Intelligence

February 7, 2023
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version