UAE Royal’s Firm Plans to Invest $10 Billion in US, Europe
- Royal Group is preparing for the prospect of global recession
- Investment push comes at delicate time for Western-Gulf ties
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Royal Group, an investment firm controlled by a top Abu Dhabi royal, plans to plow as much as $10 billion into US and European stocks and other assets hammered by rising fears of a global recession.
The group, chaired by United Arab Emirates National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan, sees this as an opportunity to offload some of its existing equity holdings, reduce its exposure to riskier assets and broaden its global portfolio, according to people familiar with the matter.