3min chapter

Behind the Money cover image

Best Of: Tracking the mysterious rise of a UAE company

Behind the Money

CHAPTER

The Importance of Diversification in Abu Dhabi

There's no suggestion of illegal activity by IHC. The company responded to the FT's questions about this reporting. It said its shares are available to the market at a price for anyone who wishes to invest, adding that it was adhering to market regulators' governance and compliance standards. Andrew says he also asked the ADX about these trades. But again, you've got to remember where this is happening. This is not happening in New York or London nor Paris. There isn't the same level of debate as there would be elsewhere. Abu Dhabi is very different to Dubai - which produces negligible oil.

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