logo
episode-header-image
Mar 2023
22m 1s

Tracking the mysterious rise of a UAE co...

Financial Times
About this episode

Over just a few years, the share price of an obscure company from the United Arab Emirates has jumped 40,000%. But little is known about International Holding Company, which has investments in everything from Elon Musk’s SpaceX to India’s Adani Group. The FT’s Middle East editor travelled to Abu Dhabi to get answers about its rapid growth and its connections to some of the most powerful people in the Gulf. 


Clips from MSNBC, CBS

- - - - - - - - - - - - - - - - - - - - - - - - - - 

For further reading:

The UAE business that went from obscurity to a $240bn valuation in 3 years

The sheikh’s empire driving Abu Dhabi’s meteoric stock market rise

The Abu Dhabi royal at the nexus of UAE business and national security 

Groovy girls, typing pools and labour camps: the complicated world of IHC

- - - - - - - - - - - - - - - - - - - - - - - - - - 

On Twitter, follow Andrew England (@cornishft) and Michela Tindera (@mtindera07)


Read a transcript of this episode on FT.com



Hosted on Acast. See acast.com/privacy for more information.

Up next
Aug 20
Palantir’s relentless rise
Palantir shares have soared this year, making the data analytics company one of the most valuable listed US tech groups. The FT’s Tabby Kinder explains how a paradigm shift in Silicon Valley helped propel Palantir to new heights and why many think it will be among the biggest win ... Show More
23m 29s
Aug 19
Why Big Tobacco is buzzing over nicotine pouches
This is a revised version of an earlier episode and clarifies the position of Zyn in the US market.As the popularity of cigarettes has slid in the past couple decades, Big Tobacco has been searching for a new hit product. Now, they think they’ve found it: nicotine pouches. FT rep ... Show More
20m 58s
Aug 6
Can Bobby Jain build the next hedge fund giant?
Two summers ago, hedge fund manager Bobby Jain set out with a huge goal: build a hedge fund that can rival the likes of industry giants Citadel and Millennium. But in the year since his firm started trading, Jain has found the going tough. FT hedge fund correspondents Amelia Poll ... Show More
22m 14s
Recommended Episodes
Jun 2019
InstaDeep, Oddigo, eMushrif, KitabSawti, and Checkout.com raise investments, Egypt's ArqamFC gets acquired, Uber's disappointing IPO debut and more.
This week’s headlines: Oman’s eMushrif raises $1 million Pre-Series A Odiggo raises $180,000 seed ArqamFC gets acquired by UK’s StatsBomb. Uber stumbles almost 8% on stock market debut Abu Dhabi Investment Office launches $166 million Ghadan Ventures Fund InstaDeep raises $7 mill ... Show More
13m 33s
Mar 2024
The great British bargain show
The major stock index in the UK, the FTSE 100, includes some of the biggest and most profitable multinational companies in the world. But in recent years the index has trailed the US markets and is now considerably cheaper. Today on the show, FT reporters Ethan Wu and Rob Armstro ... Show More
19m 10s
Mar 2024
Saudi’s $48BN ‘Downtown Riyadh’, Telegram’s $330M in new capital, and Elon Musk’s ketamin habit good for investors
Top Stories Today:Saudi Arabia's $48.00 billion Mega-Project: New Murabba Seeks Global Investors Telegram secures $330 million in new capital through the issuance of bonds - but will it list in Abu Dhabi? Unliver Will Spin Off Ice Cream Branch, cut 7,500 jobs as stock rises over ... Show More
53m 8s
Oct 2023
UK clears Microsoft-Activision deal
UK clears way for $69B Microsoft-Activision (MSFT) (ATVI) deal, tech's biggest ever. (00:24) Qualcomm (QCOM) said to cut jobs in California in effort to slash costs. (01:17) Disney (DIS), Comcast (CMCSA) hire banks to arrive at Hulu valuation for sale. (02:11) Episode transcripts ... Show More
5m 42s
Aug 2023
MM124: Is Nvidia overvalued and why the expansion of the BRICS matters to the West and the rest!
Nvidia reported an incredible 88% jump in revenue this week driven by the ongoing demand for AI chips. However, their shares finished the session flat. What is a fair valuation for the tech stock and can its shares continue to rise? The BRICS (Brazil, Russia, India, China, South ... Show More
44m 32s
Apr 2024
A mining industry mega-deal
Microsoft beat expectations for revenue and cloud sales, Alphabet shares rise by double-digits after first-quarter earnings beat expectations, markets are no longer fully confident of a US interest rate cut before September, and the EU is turning to draconian tactics to curb migr ... Show More
12m 47s
Feb 2024
Casinos, Secondary Markets, and Future Prospects | Anthony Joseph & Dr. Anand
Welcome to AJ PODCAST , the go-to platform for insightful discussions on global investment trends and opportunities. In this episode, we're diving into the heart of Dubai's evolving market landscape with industry experts Anthony Joseph and Dr. Anand. 🎰 New Casino in UA ... Show More
42m 43s
Feb 2023
Troubled shares, troubles shared: Adani and India Inc
The Adani Group, one of India’s biggest conglomerates, has come under fire from a tiny American research firm. A successful secondary share sale amid a rout in the markets leaves many questions—and proves revealing about India Inc. Our correspondent explains why Mexico is so well ... Show More
24m 31s
Mar 2022
Is the AR and VR market only for trillion dollar companies?
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Every Monday, Grace and Alex scour the news and record notes on what’s going on to kick off the week.As before, the Russian invasion of Ukraine ... Show More
10m 14s