The ADQ investment and holding company has confirmed that the Abu Dhabi government-controlled sovereign wealth fund will take over the Etihad Airways Group as part of Etihad’s “next phase of sustainable growth.”
Earlier this year, Etihad Aviation Group's ancillary businesses moved to holding company ADQ's portfolio to form an integrated aviation support services company
Abu Dhabi s Supreme Council for Financial and Economic Affairs transferred full ownership of Etihad Aviation Group (EAG) to ADQ, an Abu Dhabi based investment and holding company.
The president of the United Arab Emirates has died and his powerful younger brother is expected to succeed him at the helm of OPEC’s third biggest oil producer.