Abu Dhabi, UAESunday 15 September 2019

Business Extra podcast: The dramatic fall of Abraaj

We discuss the cautionary tale of what was once one of the leading lights of the Middle East financial scene, and we also hear from the head of Hub71

Arif Naqvi, founder of The Abraaj Group, is awaiting possible extradition to the US. Bloomberg photo
Arif Naqvi, founder of The Abraaj Group, is awaiting possible extradition to the US. Bloomberg photo

The National has been covering the Abraaj scandal from New York, London and Abu Dhabi as our editorial team brings you the key developments.

In this episode, host Mustafa Alrawi, Assistant Editor in Chief, talks to Massoud Derhally, The National’s Business Editor who himself has been producing compelling investigative journalism into what happened at the failed private equity firm, founded by Arif Naqvi.

He explains that in September 2017, about five months before Abraaj collapsed, two whistleblower emails warned investors not to invest in a $6 billion fund.

Listen here:

Also in this episode, Assistant Business Editor Kelsey Warner speaks to Mahmoud Adi, the head of Hub71. She hears about what he hopes for the new tech start-up centre in Abu Dhabi and what investors and entrepreneurs can expect from the space, and what he’s learned as a founder and VC himself in the UAE.

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Updated: May 8, 2019 06:13 PM

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