The defence ministry said it intercepted 50 Ukrainian drones overnight
New World Group (NWG), with assets of over $2.5 Billion is mapping out its expansion into the GCC and wider region by establishing a strategic hub to complement its offices in London and Kuala Lumpur.
Adam Sadiq, NWG CEO and co-founder said: "The digital revolution and rapid growth in the Middle East and surrounding markets support our plans to enter the region. By harnessing our deep networks of expertise, NWG can support clients in these markets to maximise investment and growth opportunities for the long-term."
Sadiq added: "We assess a number of key macro factors including economic growth, public policy, governance, regulation and political stability. We then align our interests on a principal-to-principal level, whilst taking a forensic approach to assessing and underwriting investment opportunities. We are excited about the prospect of strengthening our presence in the Gulf and working with new partners throughout the region." Under the NWG umbrella, its three business verticals act as enablers for the group's thematic investment initiatives and amplify value creation for the firm and its partners.
New World Asset Management (NWAM) is an NWG platform, which invests in emerging asset managers. NWAM launched its investment programme in late 2019 with an inaugural investment in The Valesco Group, a UK and European real estate asset manager which made headlines for its ?1.2 Billion acquisition of the Brussels Finance Tower, home to the Belgian Ministry of Finance.
NWG's Mozaic platform undertakes investments in technology companies with bold visions such as algbra, a global digital bank for the unbanked and underserved - focusing on financial inclusion for a 1.3 billion target market. The algbra business was recently backed by a group of leading investors including a British Government investment fund.
NWG has a strong presence across the UK and European markets, the Middle East, and Asia - where it sees significant potential for attractive risk-return profiles for yield-hungry capital amid today's low interest rate environment. NWG is using the partnership model to augment its capabilities across these markets. Last month, NWG's merchant banking division NWCA announced a partnership with Berjaya Corporation Berhad (BCorp) to establish a presence in Malaysia with an office in Kuala Lumpur.
NWG aspires to be the leading investment platform enabling smart and efficient capital allocation into sectors and industries between the developed and emerging markets around the world. The firm seeks to expand into new markets with aligned interests at a principal level and in a sustainable and responsible manner. This is to ensure all-round value creation for the firm, its partners, and the ecosystem of communities within which it conducts business.
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The defence ministry said it intercepted 50 Ukrainian drones overnight
Media reports had suggested the trip would begin as soon as Sunday and last two days
Visitors can enjoy movies with family favourites, including ‘The Jungle Book’, ‘Jumanji’ and ‘Zootopia’ to match the wild theme every evening from 8pm
Sheikh Mohamed conveyed his congratulations to all eight honourees, recognising their inspiring efforts and significant contributions in service to society
His father thanked everyone who participated in the search mission despite the challenges posed by flooding in various parts of the emirate
It will be humid by night and Sunday morning with a probability of mist formation over some coastal and internal areas
Nearly 6,000 volunteers linked to a single support group are working tirelessly across the country to help those affected
Real estate developer MAG pledges to cover all the costs of necessary repairs for affected residents