UAE backs Egypt’s Ras El Hekma megaproject, aims for $110 billion investment
Abu Dhabi, UAE - The UAE Ministry of Investment (MoI) announced today its support and key role in the advancement of the Ras El Hekma project and the participation of Emirati companies in its expansion and growth plan. This project is one of Egypt’s most ambitious coastal city developments.Located approximately...
Sharjah to showcase its FDI potential at Dubai Expo 2020
Invest in Sharjah has confirmed participation at the world’s biggest fair and announced it will host discussions and specialized activities to promote business and investment opportunities in the emirate.Saudi Arabia and Greece to set up business council to deepen trade
Saudi Arabia and Greece have decided to set up a business council in order to enhance bilateral trade and investment between the two countries.Saudi Arabia seeks to attract $5.3bn in investments in data and AI
Saudi Arabia aims to be one of the top 10 countries in the world in data and artificial intelligence, and in this direction the kingdom is has put 25,000 data and AI specialists through training.Saudi Arabia reaches out to France for stronger economic ties
The move aims to further enhance bilateral investment relations by making use of the opportunities offered by Saudi Vision 2030.Saudi Arabia workshop woos German investors
The workshop discussed the most prominent ways to expand the current investments in line with Saudi Vision 2030.Saudi Arabia to spend $6.4bn in 15 years on waste recycling
Saudi Arabia will invest $6.4bn in waste recycling over the next fifteen years in order to move to a more sustainable waste management system.Investment in agritech key to UAE’s food security
Investing in agricultural technologies can take the UAE closer to its goal of being one of the top 10 countries for food security soonSaudi mining law may pave way for ‘incredible’ investment in $1.3trn sector
Saudi Arabia is confident that its new mining law will lure private investment from the kingdom as well as abroad as it seeks to exploit an estimated $1.3 trillion of potential value in the sector.Saudi Arabia to regulate foreign investment
Looking to protect many sectors of its economy from the competition that the foreign companies will present, Saudi Arabia has formed a new committee to regulate foreign investments.Egypt and Japan’s Toyota look to invest in blue ammonia
Egypt and Toyota of Japan are looking to explore investment opportunities in blue ammonia, and in this regard the Egyptian Ministry of Petroleum signed a memorandum of understanding with Japan's Toyota Tsusho.Dubai 11th popular city for investment visa programs, second for Covid safety
Henley & Partners’ Best Residence-by-Investment Cities for Business Index ranks cities according to lifestyle, tax, education, real estate, healthcare, security, infrastructure, etc.Oman discusses investments, economic ties with Austria
The meeting was held on Monday at the premises of the OCCI in Muscat.Two decades after 9/11, Saudi Arabia seeks economic reform, softer image
Women can drive and cinemas have reopened in the "new" Saudi Arabia under crown prince and de facto ruler Mohammed bin SalmanUAE seeks $150bn in foreign investments, eyes stronger trade ties in Asia
The United Arab Emirates is seeking to lure $150 billion in foreign investments as part of a broad nine-year plan to strengthen its trade and economic ties in Asia and Africa.Investcorp sells PRO Unlimited
EQT Private Equity has bought it from the Bahrain-based asset manager.Investcorp, Riverside sell Arrowhead Engineered Products
Investcorp, a Bahrain-based alternative investment management firm, and global private investor Riverside Co. have sold Arrowhead Engineered Products (AEP) to Genstar, a private equity firm.HSBC offering Saudi’s first climate-focused investment fund
DUBAI: HSBC Saudi Arabia has said it is offering the first environmental initiative investment fund in the kingdom, which will provide eligible investors exposure to renewable energy, clean transport, sustainable water management and climate change adaptation. The company said the HSBC Global Equity Climate Change Fund will provide interested customers...Foreign investment in Saudi markets rose 150% in Q2
The sectors in the country that attracted the most foreign investment were banking, basic items, energy, and communications.IFC pours $10.4bn in private sector in MENA
During the current financial year, the International Finance Corporation (IFC), a member of the World Bank group, provided financing worth $10.4 billion in the MENA region.Expo 2020 promises a productive Q4
The sale of tickets, easing of travel restrictions and positive investment projections point to a surge in economic activity in the run-up to the mega event.Saudi defense sector opens up for investment
Saudi Arabia has opened up its defense sector for local and international companies to invest in, and in this direction it will launch a digital platform for investors.Bitcoin jumps above $50,000
The unit climbed around two percent to $50,249.15, its highest since mid-May.UAE introduces 22 new licenses under Basic Industries Project
The project promotes local industrial investment in key sectors such as medical, food, steel, cement.GCC looks up to stars with its space probe
The GCC might have been a late entrant to the exclusive club of space programs, but with its deep pockets it has gradually squeezed its way to the top.Cryptocurrencies dazzle investors with high returns
Cryptocurrencies seem to be the flavor of the season as increasingly more people around the world are embracing them; sometimes even abandoning their traditional avenues like Equity, Gold, etc.Mubadala Capital closes fund after raising $1.6 billion
The Fund III is focused on direct investments in North America and Europe in media, sports and entertainment, consumer and food services, financial and Industrial services. Mubadala manages $9 billion of assets in third-party managed funds across its private equity, public equities and venture capital.Saudi Arabia issues record 478 licenses in first quarter
Following a 2018 reform in the Kingdom that allowed for a first time the 100 percent foreign ownership of companies, 59 percent of new investment projects in Q1 2021 were full foreign ownership, with the remainder being joint ventures with local investors.ADNIC H1 net up 31.1 percent to $67m
Gross written premiums for the H1 of 2021 rise by 4.2 percent to AED 2.67 billion.Saudi Arabia gets a pat on the back from US
Saudi Arabia has received warm praise about its improved rankings on a number of global lists from the US State Department. In its recently published annual Investment Climate Statements on more than 170 countries, the US State Department highlighted the achievements made by Saudi Arabia.Saudi Pension Agency posts 9.5 percent returns in 2020
The kingdom’s Public Pension Agency said on Sunday that it had recorded 9.5 percent returns on investments in 2020. Its investments are distributed in most countries, both in developed and emerging markets.Kuwait records realty deals worth $1.3 billion in June
Al Ahmadi Governorate accounted for 67.7 percent of the 1,271 deals, followed by Hawalli and Jahra governorates.Saudi Arabia has invested $650 million in Bahrain road sector
Saudi Arabia has invested around $650 million in the road sector of Bahrain through the Saudi Fund for DevelopmentAl-Khaleej sets foot in Europe, to build $590m factory in Spain
Al-Khaleej to build a factory in Spain with an investment of $590m. It will produce 900,000 metric tons of sugar a yearUAE at Tashkent conference: infrastructure key driver for investment
UAE energy and infrastructure minister Suhail bin Mohammed Al Mazrouei praises Uzbekistan for attracting investment and developing the country's infrastructureNon-Arabs invest $87m in UAE markets from Jan-May 2021
Growth indicates a steady capital inflow into the two markets due to the increased investor confidence in UAE capital marketsIndian vehicle ecommerce firm Cars24 enters UAE market
Indian-origin ecommerce platforms for pre-owned vehicles, Cars24, has entered the UAE market after its foray into AustraliaUAE, Hungary sign agreement to boost economic cooperation, investment protection
The pact aims at securing a comprehensive balance between rights and obligations between investors and the host countrySaudi Arabia to generate $150 billion in investments from its new transport policy
The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments in public transportation, railways, and airport expansion in the next ten years. According to the kingdom’s transport and logistical services...Citi’s revenue “nearly triples” in Saudi Arabia
Citigroup’s corporate and investment banking revenue nearly tripled in Saudi Arabia The group had returned to the kingdom three years back, after a 13-year-long absence Although Citigroup did not give out exact revenue figures, a senior executive revealed that the group’s corporate and investment banking revenue for its Saudi Arabia...Oman launches investment residency scheme for foreigners
The residency period is for a renewable period of five or 10 years Low oil demand and pandemic have hit the sultanate's finances hard Oman will begin issuing long-term residency to foreign investors, the government said Wednesday as authorities attempt to shore up the Gulf nation's flagging economy. Depressed demand...Saudi Arabia to auction mining licenses in 2022
World’s biggest oil exporter looks for foreign investments into a sector that has $1.3 trillion in untapped potential reserve value Saudi Arabia’s mining industry has already attracted some major foreign investors Saudi Arabia intends to auction two major mining licenses in 2022 for gold, copper, and zinc as the world’s...Saudi Crown Prince urges local businessmen to invest in Egypt
About 150 Saudi investors and businessmen ready to invest in Egypt Saudi Arabia has opened an office of the Saudi-Egyptian Business for investment in Egypt Saudi Crown Prince Mohammed bin Salman has urged local businessmen to make investments in Egypt, Al Arabiya reported citing the Chairman of the Business Council...Saudi Arabia tops startup investment sector in May
Saudi Arabia dominates startup investment sector during May In all nearly $110 million was raised across 35 deals over the month Saudi Arabia has topped the startup investment market in the Middle East and North Africa (MENA) region during May, Arab News quoted from figures released by entrepreneurship platform...Sharjah and Guatemala to boost economic ties, shore up investments
the Sharjah Chamber is keen to enter the Central American markets as a fertile market for agricultural and food products The two countries want to boost economic ties and bolster investments in food security, waste management and tourism Sharjah and Guatemala are looking at ways to boost economic ties and...Survey: 66% business leaders in Egypt, GCC to invest more in data analytics
Incorta, a US data analytics company, conducted the survey About 153 business leaders in 11 industries from Egypt, GCC took part in the survey About 66 percent of the business leaders in Egypt and the countries of the Gulf Cooperation Council (GCC) plan to invest more in data analytics this...Berain Water of Saudi Arabia ropes in Samba for IPO
The offering could be as much as 30 percent of stake in the company Riyadh-based Berain is one of Saudi Arabia’s biggest bottled-water companies Berain Water of Saudi Arabia has roped in the services of the investment banking arm of Samba Financial Group to manage a potential Initial Public Offering...Dh54.8 bn investments by UAE banks in various asset classes
The investments were made in held-to-maturity securities, debt securities, equities, other vehicles Other investment instruments valued Dh46.6 bn by end of April The UAE-based banks hiked by Dh54.8 bn ($14.92 bn) their investments in held-to-maturity securities, debt securities, equities and other vehicles during the first four months of 2021, statistics...UAE desires broader trade relations with Iraq
The ambassador of the UAE Al Zaabi made this statement during his visit to the Federation of Iraqi Chambers of Commerce The UAE companies wish to invest in Iraq The United Arab Emirates (UAE) has shown desire to deepen trade and economic ties with Iraq. The ambassador of the UAE,...