Trump pledges historic tax cuts, investment growth, oil price action, and Ukraine peace effort at Davos 2025
The newly inaugurated president remarked that he would “like to meet with President Putin soon” and “get the war ended,” highlighting the heavy human cost of the war where “millions of lives are being lost.
Saudi’s investment funds’ assets fall by 11 percent in Q2
Investment funds hold both local and foreign assets.Saudi economy pins hope on female entrepreneurs
Saudi women, who had begun with small projects, are now creating startups and setting up factories, highlighting drastic change in business environment in the Kingdom.Ajlan signs deals worth $7bn
Its collaboration with Malaysia will be in key sectors.Amazon Web Services unveils the AWS Middle East (UAE) region
Abu Dhabi, UAE - Amazon Web Services (AWS) announced Tuesday the launch of its second Region in the Middle East, the AWS Middle East (UAE) Region. AWS estimates that its projected spending on the construction and operation of the new Region will support an average of nearly 6,000 full-time jobs...SPIMACO secures $335m loan
The Saudi pharma firm intends to use the capital for growth.Saudi-Thai Business Council set up to enhance trade
The Federation of Saudi Chambers announced Monday the establishment of a joint Saudi-Thai Business Council.Saudi Arabia, Malaysia discuss food security
Saudi Arabia and Malaysia discussed cooperation in food security and the promotion of the private sector to benefit from investment opportunities in both the countries. Saudi’s Minister of Environment, Water and Agriculture Eng. Abdulrahman bin Abdulmohsen Al-Fadhli met in Riyadh with Malaysia’s Minister of Agriculture and Food Industries Ronald Kiandee....Energy crisis pushes nuclear comeback worldwide
Investment in nuclear power declined after Japan's 2011 Fukushima disaster, the world's worst nuclear accident since Chernobyl in 1986, as fears over its safety increased and governments ran scared. But following Moscow's invasion of Ukraine in February, the subsequent squeeze on energy supplies and Europe's push to wean itself off...Japan seeks ‘sustainable world’ in Africa aid forum
The eighth Tokyo International Conference on African Development (TICAD8) comes against the backdrop of China's rising influence, cemented on the continent by its "Belt and Road" infrastructure initiative. A "complex" international environment caused by issues including "the situation in Ukraine" surrounds the meeting in Tunisia's capital, the Japanese foreign ministry...Abu Dhabi to launch blockchain, virtual assets strategy
The Abu Dhabi Blockchain and Virtual Assets Committee (ADBVAC) held its first meeting under the chairmanship of Mohamed Ali Al Shorafa, Chairman of the Abu Dhabi Department of Economic Development (ADDED) and Chairman Securities and Commodities Authority (SCA).Saudi Arabia’s new tourism law to build globally competitive tourism sector
With the new legal framework, the Ministry of Tourism will have greater control of the quality of tourism services offered within the kingdom.Sharjah records 2,417 real estate transactions in July 2022
Sharjah Real Estate Registration Department (SRERD) has revealed that total transactions carried out in July 2022 amounted to 2,417 transactions across 71 different areas distributed over the Emirate of Sharjah.China cements influence in Iraq through oil, infrastructure deals
After decades of conflict, Iraq is in need of foreign investment, and specifically investment in energy sector infrastructure. China, with its soaring energy needs, has stepped in to fill that gap, and is expanding its presence in Iraq under a 2019 oil for construction deal.UAE investments in Egypt rise by 169% in 6 months
In a statement, CAPMAS said that the value of the trade exchange between Egypt and the UAE increased to about US$1.2 billion.Jordan and Algeria agree to boost trade, investment ties
Many Jordanian industrial sectors have the necessary requirements to enter the Algerian market, especially the pharmaceutical components, clothing, chemical and fertilizer industries, as well as the plastic, rubber and metal industries.Jordanian, Algerian businesses aim for better trade relations
The Jordanian and Algerian business community agreed to a new vision for the two countries' economic relations, aiming to open broad prospects for joint trade and investment cooperation.Ajman Chamber discuss economic ties with Mexican envoy
Director-General of the Ajman Chamber of Commerce and Industry (ACCI) Salem Al-Suwaidi received Ambassador of Mexico to the UAE Luis Alfonso de Alba Góngora to discuss economic cooperation and explore trade and investment opportunities between the two countries.UAE busy in strengthening its food security system
The UAE is strengthening its food security system through policies that include promoting cooperation with other countries and markets, diversifying sources, and attracting local and foreign agricultural investment.Non-Arab foreigners invest $4.23bn in UAE stocks since Jan 2022
According to Abu Dhabi and Dubai financial markets, non-Arab foreign investors purchased local stocks worth AED70.27bn from the beginning of the year to the end of last week, compared to sales of some AED54.73bn during the same period.Has blockchain found a use beyond crypto trading?
Blockchain at heart is a ledger, a way of storing transactions that is according to fans secure, transparent and permanent.Saudi economy, GDP see upswing in H1 2022
Real GDP increased at a growth rate of 11.8% in Q2 2022, driven by the significant increase in oil activities by 23.1% while the non-oil activities increased by 5.4%Micron to invest in chip production
The firm will invest $40bn by the end of the decade.Jordan, Canada to forge cooperation in food and water security
Jordan and Canada on Sunday discussed enhancing bilateral development cooperation, especially in food and water security. Jordan’s Minister of Planning and International Cooperation Nasser Shraideh and Canadian International Development Minister Harjit Sajjan discussed it. The duo also explored ways to combat climate change and promote Investment opportunities. Shraideh highlighted the...Qatar Chamber to promote investment in country during world cup
Qatar Chamber would issue a guide to economic and commercial activities in Qatar 2022, aiming to promote its economy and enhance investment in Qatar. The release of guide coincides with Qatar’s hosting of FIFA World Cup 2022, in which hundreds of thousands of visitors are likely to arrive. Qatar Chamber...UAE foreign ministry, ECI sign MoU to promote trade, investment
The Ministry of Foreign Affairs and International Corporation (MoFAIC) and Etihad Credit Insurance (ECI), the UAE's federal export credit company, have signed a Memorandum of Understanding (MoU) to promote global trade and investment.UAE to invest $1bn in Pakistani companies across various sectors
The move aims to explore new investment opportunities and areas for cooperation in the best interest of the two countries.PIF of Saudi Arabia sets up investment firm in Egypt
Saudi Arabia's Public Investment Company (PIF) has established a new company in Egypt to drive investment in the north African country. The company will look to take advantage of economic growth in the region within sectors seen as 'promising.'Jordanian Senate examines draft investment law
Jordan Senate's Finance and Economic Committee hosted an expert in economic affairs at the National Democratic Institute (NDI), to look into the draft law regulating the investment environment.Saudi ministry signs smart transportation MoU with Alstom
Saudi Arabia’s Ministry of Investment has signed a memorandum of understanding with Alstom, which specializes in the sustainable and smart transportation sector, to explore investment opportunities in the transport sector and localize the manufacture and maintenance of trains. The MoU also entails Alstom to establish its regional headquarters in the...US Department of State releases 2022 Investment Climate Statements
The US Department of State released on Thursday the 2022 Investment Climate Statements, which help US companies make informed business decisions by providing up-to-date information on the investment climates of more than 160 countries and economies that are current or potential markets for American companies. The Investment Climate Statements also...21 business, investment deals boost KSA-Greece ties
The agreements cover logistics and transportation, renewable energies, manufacturing, environment services, aquaculture, defense, trade, engineering and agriculture.Abu Dhabi Chamber, Philippine Business Council discuss ties
A delegation from the Philippine Business Council, headed by Prof. Gau Raganit, visited the Abu Dhabi Chamber of Commerce and Industry to cement cooperation between the Chamber and Filipino investors in Abu Dhabi.US seeks billions in Africa investment: aid agency chief
Washington wants to foster billions of dollars of investment in Africa, the head of its delegation to a US-Africa business summit that began in Morocco on Wednesday told AFP. Alice Albright, chief executive of US development agency Millennium Challenge Corporation, said Washington "is seeking to catalyze billions of dollars in...Global medical and recovery tourism worth $100bn annually: Official
The revenues of the medical and recovery tourism, globally, is around $100 billion annually, said Bandar Al Fihaid, President of the Arab Tourism Organization (ATO). He noted the revenue is expected to double over the next 10 years, while saying the Arab tourists expenditure amounts to nearly $30 billion. It indicates...$399 million hospitality investment fund coming up in Saudi Arabia
A SAR 1.5 billion ($399 million) hospitality investment fund that will advance lifestyle hotels in Saudi Arabia will be set up by the Tourism Development Fund (TDF) in partnership with Ennismore and Al Rajhi Capital. Ennismore is the world’s largest and fastest-growing lifestyle hospitality company and Al Rajhi Capital, an...Saudi VC investments post 244% jump to $584m in H1
Venture capital investments in Saudi Arabia have posted a staggering 244 percent increase to $584 million in the first half of 2022.MENA Forum 2022 to focus on US$250b worth of power projects
The combined investments in the MENA power sector includes US$93 billion which has already been committed.Dubai retains spot as world’s top tourism FDI destination in 2021
Dubai has retained its top rank worldwide for attracting foreign direct investment (FDI) into tourism in 2021. With AED6.4 billion ($1.74 billion) in FDI across 30 FDI projects during the year, Dubai ranked number one in FDI capital, projects, and job creation in the tourism sector in 2021, according to...Saudi Arabia, US sign 18 agreements in key sectors
The agreements -- covering space, investment, energy, communications and health -- aim to strengthen bilateral relations between the two countries.GCC citizens look to pour investment in UK real estate
GCC nationals are expected to pour in investments in the UK real estate market in spite of global inflation, supply-chain disruption, and hiked interest rates.Guyana to ‘remove bureaucratic hurdles’ for Saudi investors
Guyana has pledged to a group of Saudi investors visiting the South American country to remove all hurdles in the way of making investment.TotalEnergies of France pulls out of Russian oil project
Russian oil firm Zarubezhneft will take over its remaining 20 percent stake in the Kharyaga project in the Arctic pending approval by Russian authorities.New multilateralism likely to define global trade in 2022: DMCC report
Global trade hit a record high of $28.5 trillion in 2021, with more growth expected in 2022. The future also promises growth due to a new era of multilateralism, supported by regionalization, trade in services, innovation and sustainable trade, which would counter global recession, according to 'The Future of Trade 2022'...Crypto crash seen as interim pain for long-term gain
There will be some volatility in the sector for a long time to come because it is an early-stage market, says Valerie Hawley, Affiliate Founding Partner at True Global Ventures 4 Plus.IMF authorities in Tunisia to discuss bailout package
An IMF team said in March that the country faced "major structural challenges", with low growth and investment, along with high unemployment and gaping inequality.World Bank and Jordan Chamber discuss investment law
Jordan Chamber of Commerce Vice President discusses with a World Bank team the Kingdom's investment regulation law and the incentives to attract new capital to the country.France looks to invest in Saudi energy, technology sectors
France is looking to invest in energy, technology, water and industrial services sectors in Saudi Arabia, according to the French ambassador to the kingdom. Ludovic Pouille said at a press conference that the kingdom is an attractive region with a suitable environment for investments in all its vital sectors. The...DP World, NIIF expand ties
NIIF Master Fund will invest $300m in DP World subsidiary HPPL.Saudi Arabia and Italy to explore investment opportunities
Saudi Arabia’s Ministry of Investment will host a high-level Italian business delegation on Monday to explore mutually beneficial investment opportunities. The Italian delegation would be led by Italian Minister for Foreign Affairs and International Cooperation Luigi Di Maio. The forum will focus on finance, infrastructure and mobility, tourism and culture,...Saudi Arabia and Italy to deepen investment ties
Saudi Arabia and Italy will jointly explore investment opportunities in sectors as wide as finance, infrastructure and mobility, tourism and culture, and renewable energy.