• A young Sheikh Mohammed bin Rashid. The Vice President and Ruler of Dubai was born in Sheikh Saeed Al Maktoum House in Al Shindagha on July 15, 1949.
    A young Sheikh Mohammed bin Rashid. The Vice President and Ruler of Dubai was born in Sheikh Saeed Al Maktoum House in Al Shindagha on July 15, 1949.
  • Dubai in 1950. Al Fahidi Fort in Bur Dubai is in the foreground, with Deira in the middle-right on the other side of the creek. Al Shindagha (L) and Al Ras (R) are in the background across the creek from Deira.
    Dubai in 1950. Al Fahidi Fort in Bur Dubai is in the foreground, with Deira in the middle-right on the other side of the creek. Al Shindagha (L) and Al Ras (R) are in the background across the creek from Deira.
  • Sheikh Mohammed aged 19, at Mons Officer Cadet School - a British military training establishment that closed in 1972, transferring its responsibilities to Sandhurst.
    Sheikh Mohammed aged 19, at Mons Officer Cadet School - a British military training establishment that closed in 1972, transferring its responsibilities to Sandhurst.
  • Fishermen dock in Dubai Harbour in 1960.
    Fishermen dock in Dubai Harbour in 1960.
  • Pictured in the 1970s, Sheikh Mohammed was at the centre of efforts to build the UAE up after unification.
    Pictured in the 1970s, Sheikh Mohammed was at the centre of efforts to build the UAE up after unification.
  • Dubai Creek in 1976. By then, Dubai was becoming one of the Arab world's most developed and important commercial centres.
    Dubai Creek in 1976. By then, Dubai was becoming one of the Arab world's most developed and important commercial centres.
  • Sheikh Rashid, then Ruler of Dubai, with his son, a 28-year-old Sheikh Mohammed, in 1977.
    Sheikh Rashid, then Ruler of Dubai, with his son, a 28-year-old Sheikh Mohammed, in 1977.
  • An aerial view of Dubai's Trade Centre and Sheikh Zayed Road in 1978.
    An aerial view of Dubai's Trade Centre and Sheikh Zayed Road in 1978.
  • Sheikh Mohammed, aged 34, in Lexington, Kentucky.
    Sheikh Mohammed, aged 34, in Lexington, Kentucky.
  • Sheikh Mohammed walks among spectators in the royal enclosure at Royal Ascot in Berkshire, UK, in 1985.
    Sheikh Mohammed walks among spectators in the royal enclosure at Royal Ascot in Berkshire, UK, in 1985.
  • Dubai's Corniche alongside the creek, with hotels and office buildings to the right, in 1984.
    Dubai's Corniche alongside the creek, with hotels and office buildings to the right, in 1984.
  • Sheikh Zayed, the Founding Father, and Sheikh Mohammed watch the final race of the annual camel festival at Nad Al Sheba in Dubai in April 1996.
    Sheikh Zayed, the Founding Father, and Sheikh Mohammed watch the final race of the annual camel festival at Nad Al Sheba in Dubai in April 1996.
  • The luxury Burj Al Arab and Jumeirah Beach hotels in Dubai, 1999.
    The luxury Burj Al Arab and Jumeirah Beach hotels in Dubai, 1999.
  • Sheikh Mohammed takes a break during a 100-kilometre horse race in Cairo in May 2000. He won in five hours and 34 minutes.
    Sheikh Mohammed takes a break during a 100-kilometre horse race in Cairo in May 2000. He won in five hours and 34 minutes.
  • Dubai's coastline, near the creek, in January 2004.
    Dubai's coastline, near the creek, in January 2004.
  • Sheikh Mohammed and Britain's Queen Elizabeth II greet hundreds of spectators at Emirates Palace after they unveiled a commemorative plaque to celebrate the commencement of construction of the Zayed National Museum in November 2010.
    Sheikh Mohammed and Britain's Queen Elizabeth II greet hundreds of spectators at Emirates Palace after they unveiled a commemorative plaque to celebrate the commencement of construction of the Zayed National Museum in November 2010.
  • Sheikh Mohammed witnesses the installation of the final piece of the facade at the Museum of the Future in Dubai.
    Sheikh Mohammed witnesses the installation of the final piece of the facade at the Museum of the Future in Dubai.
  • Sheikh Mohamed bin Zayed, then Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and Sheikh Mohammed witness the arrival of the Hope probe in orbit around Mars from the Mohammed bin Rashid Space Centre in Dubai in July 2020.
    Sheikh Mohamed bin Zayed, then Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and Sheikh Mohammed witness the arrival of the Hope probe in orbit around Mars from the Mohammed bin Rashid Space Centre in Dubai in July 2020.
  • Sheikh Mohammed and Sheikh Mohamed open Al Wasl Plaza at the Expo 2020 Dubai site.
    Sheikh Mohammed and Sheikh Mohamed open Al Wasl Plaza at the Expo 2020 Dubai site.
  • Sheikh Mohammed attends the opening ceremony of Expo Dubai 2020, at Al Wasl Plaza. Photo: Presidential Court
    Sheikh Mohammed attends the opening ceremony of Expo Dubai 2020, at Al Wasl Plaza. Photo: Presidential Court
  • Sheikh Mohammed visits the 72nd International Astronautical Congress at the Dubai World Trade Centre, held for the first time in the Middle East. Photo: Wam
    Sheikh Mohammed visits the 72nd International Astronautical Congress at the Dubai World Trade Centre, held for the first time in the Middle East. Photo: Wam
  • Sheikh Mohammed meeting King Hamad of Bahrain at his residence in Abu Dhabi. Photo: Dubai Media Office
    Sheikh Mohammed meeting King Hamad of Bahrain at his residence in Abu Dhabi. Photo: Dubai Media Office
  • From left: Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, Sheikh Sultan bin Mohammed Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, Sheikh Saud bin Rashid Al Mualla, Ruler of Umm Al Quwain, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, Sheikh Hamad bin Mohammed Al Sharqi, Ruler of Fujairah and Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, attend the Federal Supreme Council meeting at the Sheikh Rashid Palace in Hatta, Dubai, in December 2021. Photo: Presidential Court.
    From left: Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, Sheikh Sultan bin Mohammed Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, Sheikh Saud bin Rashid Al Mualla, Ruler of Umm Al Quwain, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, Sheikh Hamad bin Mohammed Al Sharqi, Ruler of Fujairah and Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, attend the Federal Supreme Council meeting at the Sheikh Rashid Palace in Hatta, Dubai, in December 2021. Photo: Presidential Court.
  • Sheikh Mohammed bin Rashid, Sheikh Mohamed bin Zayed and Sheikh Hamad bin Mohammed Al Sharqi attend the launch of new Dh50 banknote that has been issued by the UAE Central Bank to celebrate the country's 50th National Day, in December 2021. Photo: Presidential Court
    Sheikh Mohammed bin Rashid, Sheikh Mohamed bin Zayed and Sheikh Hamad bin Mohammed Al Sharqi attend the launch of new Dh50 banknote that has been issued by the UAE Central Bank to celebrate the country's 50th National Day, in December 2021. Photo: Presidential Court
  • Sheikh Mohammed attends the final day of the 2021 Formula 1 Etihad Airways Abu Dhabi Grand Prix at Shams Tower. Photo: Presidential Court
    Sheikh Mohammed attends the final day of the 2021 Formula 1 Etihad Airways Abu Dhabi Grand Prix at Shams Tower. Photo: Presidential Court
  • Sheikh Mohammed launches the UAE Declaration of Arabic Language in the UAE Pavilion at Expo 2020 Dubai. The declaration was introduced in the presence of the Arab Ministers of Culture to mark the World Arabic Language Day, and in parallel with 22nd session of the Conference of Ministers Responsible for Cultural Affairs in the Arab World. Photo: Wam
    Sheikh Mohammed launches the UAE Declaration of Arabic Language in the UAE Pavilion at Expo 2020 Dubai. The declaration was introduced in the presence of the Arab Ministers of Culture to mark the World Arabic Language Day, and in parallel with 22nd session of the Conference of Ministers Responsible for Cultural Affairs in the Arab World. Photo: Wam
  • Sheikh Mohammed attends the opening ceremony of Abu Dhabi Sustainability Week (ADSW), the global platform for accelerating sustainability hosted by Masdar – Abu Dhabi Future Energy Company. Photo: Dubai Media Office
    Sheikh Mohammed attends the opening ceremony of Abu Dhabi Sustainability Week (ADSW), the global platform for accelerating sustainability hosted by Masdar – Abu Dhabi Future Energy Company. Photo: Dubai Media Office
  • Sheikh Mohamed, King Hamad of Bahrain and Sheikh Mohammed attend an official reception for Abdel Fattah El Sisi, President of Egypt, at Qasr Al Watan in January. Photo: Presidential Court
    Sheikh Mohamed, King Hamad of Bahrain and Sheikh Mohammed attend an official reception for Abdel Fattah El Sisi, President of Egypt, at Qasr Al Watan in January. Photo: Presidential Court
  • Sheikh Mohammed inaugurates the Museum of the Future, as Dubai’s new landmark officially opened its doors to the world with a new message of hope for all humankind. Photo: Wam
    Sheikh Mohammed inaugurates the Museum of the Future, as Dubai’s new landmark officially opened its doors to the world with a new message of hope for all humankind. Photo: Wam
  • Sheikh Mohammed watches the Dubai World Cup at the Meydan Racecourse on March 26, 2022. Getty Images
    Sheikh Mohammed watches the Dubai World Cup at the Meydan Racecourse on March 26, 2022. Getty Images
  • Sheikh Dr Sultan bin Muhammad Al Qasimi, Ruler of Sharjah, the President, Sheikh Mohamed, and Sheikh Mohammed attend a Federal Supreme Council meeting at Mushrif Palace. Photo: Presidential Court
    Sheikh Dr Sultan bin Muhammad Al Qasimi, Ruler of Sharjah, the President, Sheikh Mohamed, and Sheikh Mohammed attend a Federal Supreme Council meeting at Mushrif Palace. Photo: Presidential Court
  • The President, Sheikh Mohamed, receives rulers of the Emirates and congratulates them on the occasion of the Eid Al Adha this month. Photo: Presidential Court
    The President, Sheikh Mohamed, receives rulers of the Emirates and congratulates them on the occasion of the Eid Al Adha this month. Photo: Presidential Court

Sheikh Mohammed bin Rashid celebrates 73rd birthday


  • English
  • Arabic

Sheikh Mohammed bin Rashid celebrates his 73rd birthday on Friday.

During his 16 years as Vice President and Ruler of Dubai, he has overseen the growth and transformation of the emirate and country into a thriving global centre of business, industry and tourism.

Sheikh Mohammed was born on July 15, 1949, and raised in the Al Maktoum family home in Shindagha on the banks of Dubai Creek.

He was privately tutored in Arabic and Islamic studies from the age of four and began formal education two years later.

He later trained at Mons Officer Cadet School in Aldershot, which is now part of the Royal Military Academy Sandhurst. There he would emerge as the top Commonwealth student before going to Italy to be trained as a pilot.

In 1968, when he was 19, he became the world’s youngest defence minister and was appointed the head of Dubai Police and Public Security force.

He became the nation’s first Minister of Defence in 1971 after the formation of the UAE.

  • The Expo 2020 site under construction in the Dubai South area of Dubai, in July 2017. Christopher Pike / The National
    The Expo 2020 site under construction in the Dubai South area of Dubai, in July 2017. Christopher Pike / The National
  • Construction work on the Expo 2020 site at the Al Wasl Plaza in November 2017. Chris Whiteoak / The National
    Construction work on the Expo 2020 site at the Al Wasl Plaza in November 2017. Chris Whiteoak / The National
  • The Expo 2020 site in April 2018. Pawan Singh / The National
    The Expo 2020 site in April 2018. Pawan Singh / The National
  • The under construction site in Dubai in April 2018. Pawan Singh / The National
    The under construction site in Dubai in April 2018. Pawan Singh / The National
  • A man climbs through scaffolding during the construction of the new fly-over on Sheikh Zayed road near the Al Safa interchange, in May 2018. Antonie Robertson/The National
    A man climbs through scaffolding during the construction of the new fly-over on Sheikh Zayed road near the Al Safa interchange, in May 2018. Antonie Robertson/The National
  • General image of the site in October 2018. Antonie Robertson/The National
    General image of the site in October 2018. Antonie Robertson/The National
  • The Expo construction site in October 2018. Photo: Dubai Expo
    The Expo construction site in October 2018. Photo: Dubai Expo
  • Progress at the Sustainability pavilion, seen in July 2019. Chris Whiteoak / The National
    Progress at the Sustainability pavilion, seen in July 2019. Chris Whiteoak / The National
  • Visitors at the Invention centre at the Expo 2020 House of Volunteers office, in January 2020. Pawan Singh / The National
    Visitors at the Invention centre at the Expo 2020 House of Volunteers office, in January 2020. Pawan Singh / The National
  • Inside view of the Dubai Expo 2020 Sustainability pavilion during a media tour in January 2021. Pawan Singh / The National
    Inside view of the Dubai Expo 2020 Sustainability pavilion during a media tour in January 2021. Pawan Singh / The National
  • The Al Wasl Plaza, the heart of the Expo 2020 site, in January 2020. Pawan Singh / The National
    The Al Wasl Plaza, the heart of the Expo 2020 site, in January 2020. Pawan Singh / The National
  • The Italy pavilion in April 2021, being readied ahead of the opening in October. Pawan Singh / The National
    The Italy pavilion in April 2021, being readied ahead of the opening in October. Pawan Singh / The National
  • The David statue, unveiled at the Italy pavilion in April 2021. Pawan Singh/The National
    The David statue, unveiled at the Italy pavilion in April 2021. Pawan Singh/The National
  • The opening ceremony of Dubai Expo 2020, on September 30, 2021. AFP
    The opening ceremony of Dubai Expo 2020, on September 30, 2021. AFP
  • A logo of the Dubai Expo 2020 is projected during the opening ceremony, on September 30, 2021. AFP
    A logo of the Dubai Expo 2020 is projected during the opening ceremony, on September 30, 2021. AFP
  • Visitors enjoying the fog inside the Switzerland pavilion in October 2021. Pawan Singh / The National
    Visitors enjoying the fog inside the Switzerland pavilion in October 2021. Pawan Singh / The National
  • Visitors at the Singapore Pavilion in October 2021. Photo: Expo 2020 Dubai
    Visitors at the Singapore Pavilion in October 2021. Photo: Expo 2020 Dubai
  • Airshow above the Pakistan pavilion in October 2021. Khushnum Bhandari/ The National
    Airshow above the Pakistan pavilion in October 2021. Khushnum Bhandari/ The National
  • The UAE pavilion in October 2021. Victor Besa/The National
    The UAE pavilion in October 2021. Victor Besa/The National
  • Light show at the Al Wasl Plaza in October 2021. Victor Besa/The National.
    Light show at the Al Wasl Plaza in October 2021. Victor Besa/The National.
  • View from the Garden in the Sky at Expo 2020, in November 2021. Antonie Robertson / The National
    View from the Garden in the Sky at Expo 2020, in November 2021. Antonie Robertson / The National
  • The Water Feature, in November 2021. Photo: Expo 2020 Dubai
    The Water Feature, in November 2021. Photo: Expo 2020 Dubai
  • Closing fireworks at Expo 2020 Dubai, on April 1, 2022. Ruel Pableo/The National
    Closing fireworks at Expo 2020 Dubai, on April 1, 2022. Ruel Pableo/The National
  • A sign outside the Sustainability gate saying: 'The gates are closed but the memories will remain. Until we meet again.' Chris Whiteoak / The National
    A sign outside the Sustainability gate saying: 'The gates are closed but the memories will remain. Until we meet again.' Chris Whiteoak / The National

While a significant part of his development took place under the tutelage of academics and military officials overseas, sitting under the learning tree provided by his father, Sheikh Rashid bin Saeed, in the Emirates proved vital.

As a young man, he had a front row seat to his father’s pro-business mentality that established Dubai as a commercial and trading centre after the collapse of the pearling industry and well before the discovery of oil.

During the 1980s, Dubai’s population soared past 500,000. The city became a thriving international destination with the creation of Emirates airline in 1985, and events such as the Dubai Desert Classic tournament, held at the first grass course in the Middle East, the Emirates Golf Course, which opened in 1988.

Sheikh Rashid died in October 1990 and was succeeded by his eldest son, Sheikh Maktoum bin Rashid, with Sheikh Mohammed appointed Crown Prince in 1995.

Sheikh Mohammed took responsibility for the airport and oil industry and merged Port Rashid and Jebel Ali to create Dubai Ports Authority, now DP World, one of the world’s most successful companies.

Looking to the future and recognising early the potential of the internet and the digital age, he ordered all government services to move online in 1999.

He also oversaw the development of the Burj Al Arab, which opened in September 1999, two months after his 50th birthday. Its now familiar sail shape confirming that Dubai was a leading holiday destination.

Sheikh Mohammed became the ruler of Dubai in 2006 after the death of Sheikh Maktoum, who died unexpectedly on a visit to Australia.

The growth of Dubai accelerated under his rule. The world's tallest tower, the Burj Khalifa, was completed in 2009, followed soon afterwards by The Dubai Mall and Dubai Metro.

Since then, Dubai's population has risen from 1.7 million in 2009 to more than 3.5 million today.

The Mohammed bin Rashid Space Centre sent the UAE’s first astronaut into space as the ruler turned 70. In February last year, the space centre’s Hope probe began orbiting Mars.

During a momentous 12 months, Sheikh Mohammed has overseen the successful hosting of Expo 2020 Dubai and the UAE's 50th year celebrations.

Looking to the future, Sheikh Mohammed recently unveiled Expo City Dubai, which will soon welcome thousands of new residents and businesses, and launched a series of projects and initiatives to boost the UAE's development.

Expo City Dubai will host the 28th UN Climate Change Conference of the Parties (Cop28) in November 2023. The meeting of world leaders will seek to find solutions to the threats posed by climate change.

Sheikh Mohammed bin Rashid unveils Expo City Dubai - in pictures

  • Expo City Dubai is set to open in phases from September 2022, with a full relaunch in October. All photos: Pawan Singh / The National
    Expo City Dubai is set to open in phases from September 2022, with a full relaunch in October. All photos: Pawan Singh / The National
  • Visitors can take a trip on the Garden in the Sky from September 1 for Dh30.
    Visitors can take a trip on the Garden in the Sky from September 1 for Dh30.
  • Later, as residential sectors open, the district will become a '24-hour neighbourhood' in which people live and work, and can visit.
    Later, as residential sectors open, the district will become a '24-hour neighbourhood' in which people live and work, and can visit.
  • The Expo metro station in June 2022.
    The Expo metro station in June 2022.
  • Dubai Exhibition Centre in June 2022.
    Dubai Exhibition Centre in June 2022.
  • Ahmed Al Khatib, chief development and delivery officer and Marjan Faraidooni, chief visitor experience officer at Expo 2020 Dubai, at a news conference in June 2022 to announce Expo City Dubai.
    Ahmed Al Khatib, chief development and delivery officer and Marjan Faraidooni, chief visitor experience officer at Expo 2020 Dubai, at a news conference in June 2022 to announce Expo City Dubai.
  • The entrance gates await new residents and businesses.
    The entrance gates await new residents and businesses.
  • Ahmed Al Khatib said the district would be free of single plastics and was built with an emphasis on the environment.
    Ahmed Al Khatib said the district would be free of single plastics and was built with an emphasis on the environment.
  • Sheikh Ahmed Bin Saeed, chairman of Dubai Airports, speaking at a press conference welcoming the next chapter at Expo City Dubai.
    Sheikh Ahmed Bin Saeed, chairman of Dubai Airports, speaking at a press conference welcoming the next chapter at Expo City Dubai.
Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

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The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

COMPANY PROFILE
Name: Mamo 

 Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua

 Based: Dubai, UAE

 Number of employees: 28

 Sector: Financial services

 Investment: $9.5m

 Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors. 

 
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Updated: July 15, 2022, 2:17 PM