Investment

Business GCC UAE

UAE & Ireland explore means to stimulate investment

News Desk 01/02/2023

Abu Dhabi, 1 February 2023:  H.E. Abdulla bin Touq Al Marri, Minister of Economy, held a bilateral meeting with H.E. Dara Calleary, Irish Minister of State for Trade Promotion and Digital Transformation, during which, he highlighted the strong and solid relations shared by the two

Business

Investing in 2023 – fearful or bold?

Middle East News 247 12/01/2023

Dubai, United Arab Emirates — 2022 wasn’t a great year for the markets. The bears have been slashing away amidst the jumble of growing uncertainty, global inflation, rising geopolitical tensions and dwindling business performance. “The next year may present once-in-a-lifetime investment opportunities. Market downturns are typically followed by prosperity, and recoveries

Business

REM People Raises US$12M Investment from Ethos

Middle East News 247 04/01/2023

DUBAI — USA-based project finance and investment company Ethos Asset Management has announced a new partnership with REM People through a US$ 12 million investment. REM People will use these funds to expand their international network to 24 offices and to reward employees with bonuses, with the eventual goal of sharing 10% of company shares […]

NEWS DESK GCC Saudi Arabia

Saudi Arabia Signs Deals Worth $30 Billion With South Korea

News Editor 02/12/2022

Saudi Arabia Signs Deals Worth $30 Billion With South Korea: Saudi Arabia has signed investment deals worth about $30 billion with South Korean companies. The announcement was made by Saudi Arabia’s Minister of Investment, Khalid Al-Falih. Under the numerous deals signed with South Korea, companies like Samsung C&T Corp and POSCO Holdings signed about twenty […]

Finance GCC NEWS DESK Saudi Arabia

Saudi Arabia’s Planned Megacity Invests $1 Billion in the Metaverse

News Editor 14/10/2022

Saudi Arabia’s futuristic megacity, Neom, has announced its $1 billion ($3 billion) investment in the metaverse. The megacity’s subsidiary, Neom Tech & Digital (which has now rebranded to Tonomus), executed the investment. According to the company’s CEO, Joseph Bradley, a significant proportion of Neom would be dominated by robots and elements of the