Best Of: Tracking the mysterious rise of a UAE company
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
This week, we are revisiting an episode from earlier this year about an obscure firm from the United Arab Emirates: International Holding Company’s share price has jumped 40,000 per cent in just a few years. But little is known about the business, which has investments in everything from Elon Musk’s SpaceX to India’s Adani Group. The FT’s Middle East editor Andrew England 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
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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
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On Twitter, follow Andrew England (@cornishft) and Michela Tindera (@mtindera07)
Read a transcript of this episode on FT.com
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