Singapore

Industry News

Temasek to Open Abu Dhabi and Riyadh Offices, Boosting Regional Deal Competition

Singapore state investor Temasek plans to open offices in Abu Dhabi and Riyadh in the first half of 2027, pending regulatory approvals. The expansion will increase Temasek's global network to 15 offices across 11 countries, serving as strategic hubs for the firm and its portfolio companies. The move introduces heightened competition for regional investments and partnerships alongside Gulf sovereign wealth funds.

China–UAE News

Radiant World Misses September Salary Payments for Employees Amid Restructuring

Employees at iron ore trader Radiant World in Singapore, China, and Europe reported that their September salaries were not paid on schedule, according to The Straits Times. Staff indicated that recent salaries had been disbursed from a company account in Dubai, with the delay occurring as court-appointed interim judicial managers KPMG assume oversight of operations. The disruption follows legal actions by multiple lenders alleging the company raised financing using falsified documents, claims the trader has previously denied.

China–UAE News

GCC Sovereign Allocators Deepen Cross-Border Investment and Trade Corridors with Asia

Sovereign wealth funds and state allocators across the GCC are shifting toward strategic cross-border partnerships with Asia, demanding alignment with local economic roadmaps. Chinese institutional investors constitute roughly 40% of Investcorp's $750 million Golden Horizon fund, actively targeting mid-market and technology ventures across the GCC and Greater China.

China–UAE News

Trafigura Secures USD 4.4 Billion Facilities Backed by Chinese and UAE Lenders

Trafigura Group has closed an upsized USD 4.4 billion syndicated revolving credit and term loan facility with 40 financial institutions. The package features heavy participation from Chinese and Middle Eastern lenders, including Abu Dhabi Commercial Bank, and includes a USD 1.6 billion-equivalent offshore renminbi tranche. Funds will refinance existing debt maturing in 2023 and 2025 and support general corporate operations.