It's net profit was AED 26.5 million ($7.21m) in Q3 2023.

Washington, US - Growing geopolitical fragmentation since the invasion of Ukraine has hit commodity markets, threatening to slow the transition to renewable energy as the world looks to combat climate change, the International Monetary Fund said on Tuesday. The fractures have led to a doubling in new trade restrictions on commodities...

SVC is a government investment firm established in 2018.

PARIS, FRANCE - Europe must invest more quickly and massively in its energy transition if it wants to remain a global industrial power, top policymakers warned on Friday. The plea was made at a conference on the clean energy transition hosted by the International Energy Agency, the European Central Bank and...

SANTA CLARA, US -  The CEO of Nvidia said that the world's most valuable chipmaker is "extremely likely" to invest in Europe. Nvidia's Jensen Huang told reporters that expanding in Europe was a "wonderful idea." By investing money in Europe, Nvidia would join other semiconductor giants like Intel that are also...

Ras Al Khaimah, UAE-- Looking to boost economic cooperation and convince businesses across India to invest in the free zone, Ras Al Khaimah Economic Zone (RAKEZ) toured various cities in the country, offering an overview of the potential of expanding their operation in the Middle East through Ras Al Khaimah....

Bicycle Capital is a growth equity firm focusing on startups.

RIYADH, SAUDI ARABIA -   Saudi Venture Capital (SVC) announced its investment of US$30 million in Bedaya Fund II, which is managed by Shorooq Partners. The fund will mainly back early-stage startups with a focus on several sectors. The subscription agreement was signed by Dr. Nabeel Koshak, CEO and Board Member...

The company recorded a revenue of $433 million for 2022.

Saudi Arabia plans to invest more than US$266 billion to produce cleaner electricity and expand its power grid, the kingdom's energy minister said. Speaking at a forum organized by Saudi oil giant Aramco, Prince Abdulaziz bin Salman said the world's biggest crude exporter was also looking to become a global...

DOHA, QATAR -  Qatar Chamber First Vice-Chairman Mohamed bin Ahmed bin Twar Al Kuwari met with President of the Republic of Cuba Eng. Antonio Rodriguez and his accompanying delegation. The meeting touched on economic and commercial relations between both countries and ways to enhance cooperation between the Qatari private sector...

The Abu Dhabi Department of Economic Development (ADDED), and Bangladesh Embassy in Abu Dhabi, have organized the Economic Cooperation Forum to enhance economic cooperation and mutual investment opportunities.

The fund will target investments in tech-enabled businesses.

US basketball star Chris Paul and American football players Larry Fitzgerald and Kelvin Beachum have invested in Indian Premier League cricket side the Rajasthan Royals, the franchise said Sunday.

Shamma bint Suhail Al Mazrouei, Minister of State for Youth Affairs and Vice President of the Arab Youth Center (AYC), has said that government institutions have a duty to provide youth with skills and opportunities. This would enable them to become drivers of sustainable human, economic and governmental development. She...

ADQ of Abu Dhabi has partnered with Turkey Wealth Fund to launch Turkey Technology Fund that will invest in venture capital funds and high-growth potential companies in Turkey.

The money will go in producing aviation fuel from waste.

Turkish President Recep Tayyip Erdogan called on business leaders in the wealthy United Arab Emirates Tuesday to invest in his country, which is in the grips of an economic crisis.

Apollo-managed funds and clients will invest $1.4bn in Aldar.

Qatar Tourism has invited residential property owners to invest in hospitality while generating extra income from their unused units by getting a Holiday Home license.

The financial advisor to Iraqi Prime Minister, Madher Muhammad Salih, has stressed the need for beginning  a set of measures that encourage civil activity to invest and produce.

The United Arab Emirates and Indonesia’s State Wealth Fund has signed a new agreement to allow funds from the former to invest in a variety of high-yielding financial products, according to media reports.

Gulf Islamic Investment of UAE will invest $500 million in India over the next three years as it takes steps to set up an office in Bangalore.

Huawei, the Chinese tech giant, will invest $15 million across the Middle East during the next three years in order to widen its cloud services market in the region.

DP World, the Dubai-based port operator, will invest $415 million in a new berth at its London Gateway logistics hub to increase supply chain resilience and create more capacity.

Sky Abu Dhabi Development will invest nearly a billion dollars in Egypt during the next two years in the North Coast and in New Cairo.

Saudi Venture Capital Company (SVC) has funded nearly 75 startups since its birth in 2018, providing them with about $250 million.

The Business Registration and Licensing (BRL) sector of Dubai Economy reports that 15,475 new licenses have been issued during the first quarter of 2021, a growth of 19 percent compared to Q1 2020, when 13,027 licenses were issued. This highlights the resilience of the business environment of Dubai and the...