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UAE to invest up to $50 billion in Canada

United Arab Emirates

UAE to invest up to $50 billion in Canada

The United Arab Emirates announced Friday that it plans to invest up to $50 billion in Canada, under a new strategic framework that prioritizes major projects in artificial intelligence, energy, and mining, signaling one of the most ambitious expansions of Emirati capital into North America.

IHC signals interest in buying Lukoil’s foreign assets

United Arab Emirates

IHC signals interest in buying Lukoil’s foreign assets

Abu Dhabi’s International Holding Company (IHC) has confirmed to Reuters that it has expressed interest to the U.S. Treasury in acquiring Russian oil major Lukoil’s foreign assets, becoming the latest heavyweight to explore a potential deal.

QIA drops radical redevelopment plans as London offices heat up again

Qatar

QIA drops radical redevelopment plans as London offices heat up again

Qatar’s sovereign wealth fund, the Qatar Investment Authority (QIA), is revising plans to overhaul HSBC’s 45-storey headquarters in London’s Canary Wharf, as a global rebound in office demand encourages companies to bring staff back on-site, two sources told Reuters.

UN urges Lebanon and Israel to break the deadlock

Lebanon

UN urges Lebanon and Israel to break the deadlock

With the first anniversary of the Lebanon–Israel ceasefire approaching, the UN Special Coordinator for Lebanon, Jeanine Hennis-Plasschaert, told the Security Council on Thursday that “the time for dialogue and negotiations is now.”

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