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Spotlight | Qatar, UAE
Abu Dhabi squares off with Qatar in race to buy up luxury brands

Reading time 4 min
Sheikha Moza bint Nasser Al-Missned and Tahnoon bin Zayed Al Nahyan, national security adviser to the emir of Abu Dhabi.
Sheikha Moza bint Nasser Al-Missned and Tahnoon bin Zayed Al Nahyan, national security adviser to the emir of Abu Dhabi. © Studio Pachamama

Behind the sale of an ailing French haute couture company, announced last week, lies an investment fund that belongs to the emir of Abu Dhabi's closest adviser. Like its Qatari rival Mayhoola, the new Gulf player is using its unlimited budget to build a portfolio of prestigious European brands.

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