Abu Dhabi has been making headlines due to its involvement in various business deals and investments, particularly in the media industry. An Abu Dhabi-backed fund has been in the spotlight for its attempts to acquire The Daily Telegraph titles, facing government scrutiny over concerns about potential impacts on editorial independence. Additionally, the fund provided loans to the Barclay family to repay debts owed to Lloyds Bank, potentially leading to control of The Telegraph and Spectator publications. Moreover, Redbird IMI, supported by Abu Dhabi, was involved in a bid for The Telegraph, with assurances from Jeff Zucker that editorial independence would be safeguarded.
Abu Dhabi, the capital of the United Arab Emirates, is a prominent city known for its modern architecture, luxury shopping, and vibrant cultural scene. It is the second-most populous city in the UAE after Dubai. Abu Dhabi is also recognized for its significant oil reserves, which have played a crucial role in its economic development. The city is home to various cultural landmarks, including the Sheikh Zayed Grand Mosque, Emirates Palace, and the Louvre Abu Dhabi. Abu Dhabi's strategic location on an island in the Persian Gulf has made it a hub for business, tourism, and diplomacy in the region.
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RedBird IMI said it had withdrawn its attempt to acquire the storied newspaper after a revolt from Conservative Party leaders.
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The newspaper industry may be in duress, but a legacy brand like The Daily Telegraph in the UK is still an attractive asset that wields considerable influence. Former CNN president Jeff Zucker led a…
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The U.K. government says it will back legislation banning foreign state ownership of British newspapers and magazines, a move that could upend a planned takeover by a United Arab Emirates consortium of the Telegraph Media Group
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IMI and Carlyle agree to provide
£125m debt funding package for Very Group, with IMI seeking control of Telegraph titles.
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The Barclay family repaid Lloyds Banking Group with financing from an Abu Dhabi-backed fund to regain ownership of The Daily Telegraph titles.
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Indian Prime Minister Narendra Modi inaugurated Abu Dhabi's first Hindu temple, built on land gifted by the UAE President, Mohamed bin Zayed Al Nahyan.
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England will field a bowling attack with one seamer and three frontline spinners, including 41-year-old James Anderson and 20-year-old debutant Shoaib Bashir.
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Even as Israel's far-right celebrates at a conference on resettlement of Gush Katif, Arab countries work to restore ties with Syria and an economic crisis deepens in Egypt
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Shoaib Bashir finally arrived in India after a delayed visa prevented his initial travel with the England cricket team.
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The bid for The Telegraph by an Abu Dhabi-backed fund is facing government scrutiny over concerns about potential impact on editorial independence.
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The LIV Golf Promotions event is offering three spots for the 2024 season, and Kho is determined to make the most of this opportunity.
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Jeff Zucker of Abu Dhabi-backed Redbird IMI insists editorial independence of titles would be protected
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Lewis Hamilton denies Christian Horner's claims that a representative from his camp approached Red Bull and Ferrari about a potential move.
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An investment fund backed by Abu Dhabi has agreed to provide loans to the Barclay family to repay debts owed to Lloyds Bank, potentially taking control of the Telegraph and Spectator.
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Governments from richer and poorer countries have drawn up the blueprint for a new 'loss and damage' fund, to be administered at first by the World Bank.
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The implementation of the Digital Services Act and the Digital Markets Act in the EU is entering a critical phase, with the designation of 'gatekeeper' firms and negotiations for the next big tech-policy package.
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