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A couple of business stories are driving the conversation on the UAE in the foreign press this morning:
#1- UK halts Telegraph takeover: UK Culture Secretary Lucy Frazer issued an order preventing any further changes to the ownership of The Telegraph until the UK government completes its investigation into the takeover of the newspaper by Abu Dhabi-backed RedbirdIMI, Bloomberg reports.
#2- The UAE’s USD 30 bn climate fund Alterra, which was launched at COP28is also getting ink from the Financial Times, which notes that its launch comes at a time when “investible dry powder” is peaking. The article also gives a nod to the growing trend of equity managers inaugurating equity or debt private climate capital funds.
