“Jordan has become a regional investment hub of choice for the UAE's direct investments, totaling US$4 billion. This represents 14% of the total foreign direct investments received by the Kingdom, making the UAE the largest global investor in Jordan, surpassing the UK and Kuwait, whose investments are 8.2% and 7.2%,...

Abu Dhabi, UAE--The UAE and Jordan have signed a memorandum of understanding (MoU) to create a framework for investment cooperation in key areas including infrastructure and development projects, while further strengthening the two countries’ enduring strategic partnership. The agreement was signed between the Ministries of Investment of the UAE and...

Riyadh, Saudi Arabia -- Foreign investments in Saudi Arabia increased 4 percent year-on-year (YoY) to SAR 2.50 trillion ($666. 39 billion) by the end of Q2 2023, Argaam reported, citing Saudi Central Bank (SAMA) data. The foreign investment balance recorded an increase of 5 percent quarter-on-quarter, or nearly SAR 109.9...

The company plans a $13.9bn investment in a battery plant.

The JV will develop and own the Four Seasons Resort Red Sea.

Riyadh, Saudi Arabia--The Public Investment Fund (PIF) and Hyundai Motor Company (Hyundai) have signed a joint-venture agreement to establish an automated vehicle manufacturing plant in Saudi Arabia. PIF will hold a 70% stake in the new joint venture with Hyundai holding the remaining 30%. Hyundai will also act as a...

"A Free Trade Agreement between the GCC countries and China will be a pivotal channel to amplify GCC-Chinese relations across all sectors, especially in economics and investment. It will play a crucial role in augmenting the mutual benefits and trade exchanges, benefiting numerous countries and their citizens," he adds.

Abu Dhabi, UAE--Kazakhstan is keen to expand trade ties with the UAE, setting a target of $1 billion in mutual trade. Speaking to a media outlet in Abu Dhabi, Arman Shakkaliyev, Minister of Trade and Integration of the Republic of Kazakhstan, said: ‘’We got some great plans to unlimit our...

Manama, Bahrain--Bahrain Economic Development Board (Bahrain EDB) has attracted $295 million in direct investments within the Information and Communications Technology (ICT) sector as part of a total projected direct investment worth $1.4 billion, during the first nine months of 2023. Stemming from 14 local and international projects, the direct investments...

Cairo, Egypt--Egypt has issued the first sustainable Panda bonds in the Middle East and North Africa worth $500 million with a yield of 3.5% over three years, according to a statement by the Ministry of Finance. The recent bond issuance is guaranteed by international banks including the Asian Infrastructure Investment...

The emirate has transformed into a hub of entrepreneurship and ingenuity over the years. Renowned for its ambitious vision and relentless drive for excellence, the city epitomizes the boundless opportunities available for those with a pioneering mindset and a passion for innovation.

Beijing said Tuesday the value of signed construction contracts with partners now totaled two trillion dollars -- roughly the size of the economy of Russia or Canada.

DUBAI, UAE - Dubai remains the top global destination for attracting Greenfield Foreign Direct Investment (FDI) projects, with the emirate attracting 511 such projects in H1 2023, as per Financial Times ‘fDi Markets’ data - the comprehensive online database on cross-border greenfield investments. Dubai continues to set new benchmarks in...

"From 2021 to 2022, Saudi exports to Portugal jumped by 50 percent, and imports from Portugal rose by nearly 40 percent, resulting in a trade volume of $1 billion. This emphasizes the potential for increased collaboration between the two countries," adds Saudi Arabia's Minister of Economy and Planning Faisal F....

DOHA, QATAR -  Minister of State and Chairman of the Board of Directors of the Free Zones Authority Ahmad bin Mohammed Al Sayed, met with Advisor to the Iranian President and Secretary of the Supreme Council of Free and Special Economic Zones in the Islamic Republic of Iran, Hojjatullah Abdul...

Riyadh, Saudi Arabia - Jisr, the largest platform for digitizing human resources operations in Saudi Arabia, has closed an investment round worth 30 million US dollars (SR 112.5 million). This marks the largest Series A investment round for a Software as a Service (SaaS) company in the Middle East. The...

Dubai, UAE - Vice President and Prime Minister of the United Arab Emirates Sheikh Mohammed bin Rashid Al Maktoum has issued decree for the formation of the Board of Directors of the Investment Corporation of Dubai (ICD), chaired by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of...

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...

Dubai, UAE - Dubai Electricity and Water Authority (DEWA) commissioned the 200MW second unit of the parabolic basin complex in fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, local media reports said. This phase uses the Independent Power Producer (IPP) model with investments of up to AED...

Riyadh, Saudi Arabia - Saudi Arabia has so far issued 162 regional center licenses to the companies relocating their headquarters to the Kingdom, Saudi ministry of finances said. The Regional Headquarters Program, a collaborative effort spearheaded by the Ministry of Investment and the Royal Commission for Riyadh, is working diligently...

The deal will be Aramco's first international investment in LNG.

TRENDS digs into Saudi Arabia's booming real estate sector and ambitious projects to find how they offers investors lucrative, long-term, and sustainable growth opportunities.

Chinese state broadcaster CCTV also announced the launch of an "Economic Working Group" and "Financial Working Group," saying both will hold "regular and irregular meetings to strengthen communication and exchange on relevant issues."

The pact will help manufacture vaccines in Saudi Arabia.

SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) said it is likely to host the first Gulf-Iraq Business Forum on September 26- 27, local media reports said. The theme of the event is “Partnership for a Promising Economic Future”, and is expected to present multiple investment opportunities....

PARIS, FRANCE - French firm TotalEnergies and Indian group Adani unveiled plans on Wednesday to create a joint venture to develop wind and solar electricity production in India. The joint venture will include wind and solar assets that Adani Green Energy Limited (AGEL) already operates and is building and developing in India,...

The US grocery delivery start up set IPO price at $30 per share.

In order to boost trade and investment flows and private-sector collaboration, the UAE and Serbia have begun talks on Comprehensive Economic Partnership Agreement. Once the deal is signed it will improve bilateral non-oil trade by reducing or eliminating customs duties, removing unnecessary barriers to trade.

HANOI, VIETNAM  - A delegation of 80 Saudi businessmen, representing over 50 companies, and representatives from national specialized bodies and centers visited Zamil Steel Building Vietnam Co. (ZSBVC) here. The visit aims to explore investment opportunities, enhance trade, investment and industrial cooperation between Saudi Arabia and Vietnam. During the visit,...

Dubai, UAE - Emirates NBD made an investment in Erguvan, a climate and financial technology venture aimed at providing financial institutions and corporations with digital infrastructure, enabling them to manage the impacts and risks of climate change. The investment was made via Deniz Ventures, an investment fund launched by DenizBank...

TEHRAN, IRAN - Saudi Arabia's Ambassador to Iran Abdullah bin Saud al-Anzi has said that relations between the two countries will be strong in all areas, including trade, economy and investment. Speaking to IRNA in Tehran, the Saudi envoy expressed satisfaction with the start of a new chapter in his...

The new platform offers bespoke solutions to investors.

Baghdad, Iraq-- The UAE and Iraq have held discussions to boost economic, investment, educational, cultural, agricultural, food, technological, and energy cooperation. The discussions were held in the tenth session of the UAE-Iraq Joint Committee in the Iraqi capital, Baghdad, co-chaired by Khalifa Shaheen Al Marar, UAE Minister of State, and...

Riyadh, Saudi Arabia - Saudi Venture Capital (SVC) has made a $5 million investment in a fintech fund managed by VentureSouq (VSQ), primarily targeting early-stage fintech startups. The SVC, established in 2018, is a government investment company and a subsidiary of the SME Bank, one of the development banks affiliated...

Doha, Qatar--The Qatari-Chinese Business Forum kicked off with the participation of over 70 local companies and nearly 60 Chinese companies to discuss investment opportunities in the two countries. Chairman of the Qatar Chamber of Commerce and Industry Sheikh Faisal bin Qassim Al-Thani said in a speech that the forum represents...

This was Investcorp's fourth exit in India in just a few years.

The first generation of the iconic British vehicle's electric model was launched at the Oxford plant in 2019, but last year BMW announced most of its electric cars would be made in China. The investment is expected to be used to make the plant fit for making electric vehicles, with...

AMMAN, JORDAN - Chairman of the Amman Chamber of Commerce (ACC) Khalil Haj Tawfiq said the Jordanian Economic Forum with some countries of Association of Southeast Asian Nations (ASEAN) will be held in March 2024. In a statement on Saturday, he said the agreement to set a date for the...

TEHRAN, IRAN - Foreign companies and governments committed some US$6.7 billion worth of investments during an exhibition that was held in early May here, Iran’s deputy foreign minister for economic diplomacy affairs said.   Mehdi Safari said on Thursday that Iran seeks to break new records in foreign investment attraction and...

The aim is to speed up clean energy transition in Africa.

According to an ADNOC statement, the project will be able to capture up to 1.5 million tonnes of CO2 a year, tripling ADNOC's carbon capture capacity. No cost or timeline was announced for the venture, which will be built and operated by ADNOC subsidiary ADNOC Gas.

Thani bin Ahmed Al Zeyoudi, UAE’s Minister of State for Foreign Trade, led the UAE delegation to Jakarta, Indonesia, the host of ASEAN Business and Investment Summit.

Speaking at a landmark climate summit hosted by Kenya, Sultan Al Jaber, who heads the government-owned renewable energy firm Masdar, the UAE's national oil company ADNOC and the COP28 climate talks, said the money will jump-start a pipeline of bankable clean energy projects in this very important continent.

Islamabad, Pakistan - Pakistan's caretaker Prime Minister, Anwaar-ul-Haq Kakar, announced on Monday that Saudi Arabia plans to invest up to $25 billion in Pakistan over the next two to five years across various sectors. The investment is part of a concerted effort to boost foreign direct investment in the South...

AMMAN, JORDAN - Amman Chamber of Commerce (ACC) and the Iraqi Embassy here agreed to open Iraqi Trade Center at ACC's headquarters ahead the end of 2023. During his meeting with Chargé d'Affairs at Iraqi Embassy, Munif Ali Hussein, ACC Head, Khalil Haj Tawfiq, said Iraq is a "key" trade...

Washington, United States - Economic growth in the United States was weaker than first estimated for the April to June period, the Commerce Department said Wednesday, noting downward revisions in business investment. GDP growth in the world's biggest economy came in at 2.1 percent for the second quarter, down from the...

Strong capital inflows, a young and growing population and growing awareness about asset management will drive the sector's growth in future.

Pact to enhance commercial activities between the two.

Manama, Bahrain--Bahrain has indicated its keenness to encourage investments in the kingdom's oil and environmental projects through partnerships with the private sector, especially banks, to achieve sustainable development goals. Dr. Mohammed bin Mubarak bin Daina, Oil and Environment Minister, Special Envoy for Climate Affairs, has affirmed the government’s keenness to...

Half of new cloud deployments will be integrated cloud data ecosystems by 2024, while edge AI will see 55% of all data analysis by deep neural networks by 2025, says a report.