World’s biggest padel club: Rowland eyes mega project after taking racket sport public Sport Business British entrepreneur Jonathan Rowland has stepped up plans to build the world’s biggest padel venue by creating the first listed investment vehicle focused on niche racket sports. Rowland today announced a deal to use Aquis-listed VVV Sports to acquire his R3 Sport, which operates tournaments, manages players, and has retail and distribution partnerships in padel. [...]
Abu Dhabi sets sights New York, London and Singapore Banking Over the last decade, Abu Dhabi has attracted more than 300 financial firms, with a combined $28.6 trillion in assets globally, as the city positions itself as a global “capital of capital.” ADGM, Abu Dhabi’s international financial centre, revealed it has experienced rapid growth from financial firms over the last three years, increasing from 131 [...]
Wizz Air to pull out of Abu Dhabi and cancels all flights Transport and infrastructure Wizz Air has revealed plans to pull out of Abu Dhabi and cancel all flights from the start of September. The London-listed carrier added it intends to exit its joint venture and will “focus on its core markets” in the future. Wizz Air said the move follows a “comprehensive reassessment of market dynamics, operational challenges, [...]
Abu Dhabi sovereign investor eyes $100m slice of Revolut July 8, 2025 An investor in the Abu Dhabi sovereign fund is eying a $100m (£73m) stake in digital banking giant Revolut. State-owned global investment firm Mubadala is reportedly in advanced discussions to purchase shares in Revolut from existing investors. The deal, if completed, would add to a smaller stake the fund purchased last year as part of [...]
London is world’s fourth-most dynamic city April 1, 2025 London is in the top five cities for companies to lay down roots, a fresh study has found, despite the UK suffering years of economic stagnation and reports of an exodus of its wealthiest and high-skilled residents. According to Savills’ inaugural corporate dynamic wealth index, London is the fourth-best location in the world for major [...]
The world’s first AI university January 1, 2025 Over the past year, AI has taken the world by storm. It is no surprise that there is the world’s first University focused exclusively on AI
Mark Kleinman: Hold the Telegraph front page – then hold it some more December 27, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City AM column. This week he tackles the Telegraph bid, Mike Ashley’s failed Boohoo approach and an oil deal in the North Sea I suspect you’d have got long odds on January 1 on the auction of The Daily [...]
Private clubs and boarding schools: Abu Dhabi’s plan to attract ultra-wealthy December 10, 2024 Abu Dhabi is targeting the ultra-wealthy with private clubs, elite schools, and revamped banking, aiming at those considering leaving the UK
I tried embracing ‘JOMO’ travel during Sober October October 17, 2024 Leading holiday firm Vrbo predicts ‘JOMO travel’ as a trend for 2025 – the Joys of Missing Out – so I focused on my wellness on a luxury trip and felt better than ever.
Oscar-winner DNEG lands $2bn-plus valuation after Abu Dhabi fundraising July 2, 2024 Oscar-winning UK movie tech firm DNEG Group has achieved a valuation of more than $2bn (£1.6bn) after an Abu Dhabi-backed fundraising to support expansion into producing its own films and games.