Investment

NEWS DESK

Investment in AI to make a world of difference

News Desk 2 14/06/2024

Growing Middle East investment in artificial intelligence should be a catalyst for meaningful change in industries where technology can make a profound impact, a prominent UAE entrepreneur says. Abdumalik Mirakhmedov, Director and co-founder of UAE tech venture company, Scalo Technologies,

NEWS DESK

Qstay Secures $4.6 Million in Pre-Series A Funding to Revolutionize Hospitality Industry

News Desk 2 13/06/2024

Dubai-based Qstay, a revolutionary hospitality and rental investment property management platform, today announced that it has successfully raised $4.6 million in a pre-Series A funding round. This latest round brings the total amount raised by the company to $11.1 million. The funding was secured through a combination of conventional and convertible debt, demonstrating

NEWS DESK

Hitachi Energy to invest additional $4.5 billion by 2027 to accelerate the clean energy transition

News Desk 2 10/06/2024

Hitachi Energy will invest an additional $4.5 billion in manufacturing, engineering, digital, R&D and partnerships by 2027, doubling the investments done in the last three years. This complements the recently announced $1.5 billion investment in April this year to ramp up global transformer production. These investments will enable the company to meet customers’

NEWS DESK

5 reasons why  branded residences in Dubai are a good investment

News Desk 2 06/06/2024

Investing in Dubai real estate has always been attractive, but branded residences offer a particularly compelling opportunity. These luxurious properties combine high-end amenities, sophisticated design & architecture, superior service, and robust security, setting them apart from traditional real estate. In fact, Dubai’s branded residences are increasingly

NEWS DESK

Mavenir Announces up to $75 Million Investment From an Existing Investor

News Desk 2 30/05/2024

Mavenir, the cloud-native network infrastructure provider building the future of networks, today announced up to a $75 million investment from an existing investor. The additional capital will drive Mavenir’s business strategy, anchored in end-to-end 5G transformation. Pardeep Kohli, President and CEO of Mavenir, commented: “Mavenir continues to be an industry leader at

Saudi Arabia Space

Saudi Arabia Establishes Neo Space Group

Arnold Pinto 28/05/2024 0

Targeting Satellite And Space Industries Saudi Arabia’s Public Investment Fund (PIF) sovereign wealth fund has announced the establishment of Neo Space Group (NSG), a wholly-owned subsidiary poised to elevate Saudi Arabia’s presence in the satellite and space sector. NSG will serve as a national champion, driving the advancement of commercial satellite operations

NEWS DESK

Knight Frank Highlights US$4.3 Billion Investment Gap for 16,301 Psychiatric Beds in Middle East

News Desk 2 27/05/2024

The Middle East, particularly the UAE and Saudi Arabia, faces an urgent need for additional psychiatric beds to meet the growing demand for mental health services. According to Knight Frank MEA’s Healthcare division’s latest Mental Health Report, an investment budget of USD 4.3 billion is required to fulfil the demand for 16,301 psychiatric beds in […]

NEWS DESK

WEE Marketplace Secures USD 10 Million Investment From Dubai-Based Firm

News Desk 2 25/04/2024

WEE, the pioneering marketplace known for its fast product delivery across the UAE, announces a significant milestone: a USD 10 million infusion (comprising Equity & Credit Facilities) from SIG INVESTMENT, underscoring the confidence in WEE’s vision and capabilities. This latest investment propels WEE’s valuation to an impressive $40 million. Setting itself

NEWS DESK

TVM Capital Healthcare Announces US$ 17 Million Investment into neurocare

News Desk 2 24/04/2024

TVM Capital Healthcare, a specialist healthcare private equity firm headquartered in Dubai and Singapore, today announced a US$ 17 million investment into Munich-headquartered neurocare group AG (neurocare), a leading innovator in personalized mental health care, providing solutions to empower clinicians to deliver best care to their patients. TVM Capital

NEWS DESK

Saudi Arabia Highlights Investment Initiatives in Tourism

News Desk 2 18/04/2024

The Saudi Ministry of Tourism is currently taking a prominent stage at the International Hospitality Investment Forum (IHIF), presenting a unique opportunity for global investors to dive into the thriving tourism landscape of the Kingdom. With the spotlight on the Tourism Investment Enablers Program (TIEP), that was recently announced, Saudi Arabia is

NEWS DESK

DerpDEX.com ($DERP) receives multi-million dollar strategic investment from ABO Digital

News Desk 1 05/04/2024

DerpDEX ($DERP), a leading meme decentralized exchange on zkSync, Base, and opBNB, today announced that it reached an agreement on a strategic investment and liquidity cooperation with Alpha Blue Ocean’s investment fund ABO Digital. This dynamic family office aims to revolutionize the financial sector. This landmark agreement, valued at $5m (five million dollars), provides

NEWS DESK

IOTA Foundation launches $10m investment fund at Investopia 2024

News Desk 1 24/03/2024

His Excellency Abdulla Bin Touq Al Marri, the Minister of Economy and Chairman of Investopia, attended the unveiling of a new investment fund valued at $10 million by the IOTA Ecosystem DLT Foundation during Investopia 2024. The fund’s primary goal is to promote the development of TradeTech solutions and support the expansion of startups and […]

NEWS DESK

Investopia 2024 concludes its third edition setting a new investment roadmap

News Desk 1 03/03/2024

The third edition of Investopia (Investopia 2024), held over the course of two days, 28 and 29 February in Abu Dhabi, ended on a high note after laying out a new investment roadmap, particularly for those in the new economic sectors, for the business communities, decision-makers, investors and global financial institutions. The latest edition of […]

NEWS DESK

Visa, Checkout.com and Stake launch innovative cross-border funding solution

News Desk 1 19/02/2024

Visa, a global leader in digital payments, has partnered with Checkout.com and Stake, MENA’s leading digital real estate investment platform, to introduce an innovative cross-border account funding solution. This first-of-its-kind partnership in GCC leverages Visa Direct cross-border Account Funding Solution, enabling consumers to seamlessly and swiftly upload funds to

GCC NEWS DESK Saudi Arabia

GCC companies enter Saudi Arabia to tap US$3 trillion business opportunities

News Desk 1 06/02/2024

Companies in the GCC countries are expanding in Saudi Arabia to tap the massive opportunities being created by US$3 trillion worth of foreign investment entering the Kingdom as part of the Saudi Vision 2030, by either setting up a totally new business license or opening up a branch, as the country undergoes massive development works. […]

NEWS DESK

ENEC and GE Hitachi sign MoU for potential investment and deployment

News Desk 1 03/12/2023

The Emirates Nuclear Energy Corporation (ENEC) has signed a Memorandum of Understanding (MoU) with GE Hitachi Nuclear Energy (GE Hitachi). The MoU will identify opportunities for future investment in Small Modular Reactor (SMR) technology development to further consolidate the UAE’s position as a pioneering leader in nuclear innovation, and nuclear energy technology

NEWS DESK GCC UAE

HE Al Zeyoudi chairs second UAE-Dutch Joint Economic Committee, discusses trade and investment opportunities

News Desk 1 15/11/2023

 His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, headed a UAE delegation to the Netherlands this week to attend the second meeting of the UAE-Netherlands Joint Economic Committee (JEC), which gathered senior government officials and private sector representatives to strengthen bilateral trade and investment ties. His Excellency’s

NEWS DESK

SHUAA Capital delivers on next phase of capital optimisation plan

News Desk 1 31/10/2023

SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, announces today that it is moving forward with the next phase of its previously announced capital optimisation process and its plans for a rights issue to increase its capital, subject to shareholder and relevant regulatory approval. SHUAA received support […]

NEWS DESK

AIM CONGRESS INITIATES DISCUSSIONS ON ADAPTING TO THE SHIFTING INVESTMENT LANDSCAPE

News Desk 1 28/10/2023 0

AIM Congress, known as the Annual Investment Meeting is the largest conglomerate of corporate leaders, policy-makers, regional and international investors, and experts who provide strategies, and knowledge on attracting investment. Its focus for 2023 is on fostering and harnessing new potentials for global economic development. As World Investment Forum’s prestigious

NEWS DESK

Total Economic Impact Study Finds NETSCOUT

News Desk 1 19/10/2023

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT), a leading provider of performance management, cybersecurity, and DDoS protection solutions, today revealed the findings of a commissioned October 2023 Forrester Consulting Total Economic Impact™ study evaluating the cost savings and business benefits of deploying the NETSCOUT Arbor DDoS Protection Solution. Customers using the