• Abu Dhabi's International Holding Company (IHC) has unveiled the establishment of a new holding entity, 2PointZero, boasting over Dh100 billion ($27.2 billion) in assets. The IHC board's approval for the transfer of entities across various sectors to 2PointZero signals a strategic move awaiting regulatory green lights. Described as a "next-generation" holding company, 2PointZero is poised to make a global transformative impact, particularly in sectors such as technology, artificial intelligence, private equity, venture capital, financial services, and more.

• The portfolio of 2PointZero includes entities like Chimera Investments, Lunate, Beltone, International Resources Holding (IRH), Sagasse Investments, and Citadel Technologies. Lunate, managing over Dh400 billion in assets, recently launched the Alterra private climate investment vehicle with a goal to raise $250 billion globally for a fairer climate finance system. IRH, focusing on energy transition minerals, signed a $1.1 billion investment agreement for a majority stake in Zambia's Mopani Copper Mines. With a reported net profit of Dh4.13 billion in the third quarter of the previous year, IHC continues its expansion and diversification initiatives across key sectors.