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UAE
Row with Abu Dhabi drone maker prompted Paramount's tumble in the Gulf

Paramount Group founder Ivor Ichikowitz at the International Defence Exhibition in Abu Dhabi, UAE, on 22 February 2021.
Paramount Group founder Ivor Ichikowitz at the International Defence Exhibition in Abu Dhabi, UAE, on 22 February 2021. © Khushnum Bhandari/Reuters
The bankruptcy of part of South African businessman Ivor Ichikowitz's defence group, which took place over the summer, is rooted in a dispute with a company developing military drones in the United Arab Emirates. [...]
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International Dealmaking

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Insiders | Africa, Central Asia, Middle East
Ivor Ichikowitz, the worldwide connections of the South African arms magnate

Favourite courtier of African presidents Jacob Zuma, Ali Bongo and Denis Sassou-Nguesso, South African Ivor Ichikowitz is little by little making his mark in Central Asia. Alongside such influential regional businessmen as Kenges Rakichev in Kazakhstan and Fuad Seyidaliyev in Azerbaijan, the head of the Paramount arms group is trying to establish himself there, while still maintaining his positions in Africa.

Free access 07.09.2016
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