Investment

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

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

NEWS DESK

Investment in green and sustainable projects could boost GCC economy

News Desk 1 18/10/2023

The combined Gross Domestic Product (GDP) of the hydrocarbon-rich Gulf countries could more than double from a projected US$6 trillion to US$13 trillion by 2050, if the countries embrace a green growth strategy, according to a research report, Gulf Investment Report 2023, published by Century International Holdings Ltd, that is released at the World Investment […]

NEWS DESK

8th Edition of World Investment Forum 2023 commences in Abu Dhabi

News Desk 1 17/10/2023

The 8th World Investment Forum (WIF), organised by the United Nations Conference on Trade and Development (UNCTAD), officially opened today at the Abu Dhabi National Exhibition Center. The inaugural session of this premier investment event, which will run until October 20, united the Heads of States, Ministers, business leaders, eminent investors, and decision-makers to

NEWS DESK

Alpaca and Japan’s SBI Holdings Announce Partnership and USD15 Million

News Desk 1 13/10/2023

SAN MATEO, Calif. — Alpaca, a global brokerage platform for stock and crypto trading that supports launches of hundreds of investing businesses worldwide, today announced a new strategic partnership with SBI Group (“SBI”), a Japan-based financial services group that has the largest online broker (the second largest brokerage firm) in Japan by revenue and has more than 400

NEWS DESK

Claure Group Acquires Significant Stake in eB Capital

News Desk 1 12/10/2023

NEW YORK & SAO PAULO — eB Capital, a leading Brazilian investment firm founded by Eduardo Sirotsky Melzer, Luciana Antonini Ribeiro and Pedro Parente, announces that Claure Group has acquired a significant stake in the firm. Following the investment, Marcelo Claure will join the firm as Vice Chairman and Managing Partner, and a member of […]

NEWS DESK

Gulf Islamic Investments exits Amity School

News Desk 1 09/10/2023

Gulf Islamic Investments Group (GII) has completed the private sale of its Amity School complex in Dubai for approximately US$50 million, the latest in a sequence of exits reinforcing GII’s position as an active asset manager for its global investors. GII, a UAE-based global alternative investment company with over US$4 billion of assets under management, […]

NEWS DESK

Huawei Unveils $430 Million Investment to Boost Digital Africa

Middle East News 247 30/09/2023

SHANGHAI— The eighth edition of Huawei Connect has opened its doors in Shanghai from September 20 to 22, marking its first event since the global health crisis. This year’s spotlight is on artificial intelligence (AI), reflecting Huawei’s key focus for the African continent. During the Huawei Northern Africa Night event on September 20, Terry HE, President […]

NEWS DESK

Dubai Chambers unveils ‘The Deals Hub’ to unlock global trade

News Desk 1 27/09/2023

Dubai, United Arab Emirates — Dubai Chambers has unveiled The Deals Hub, a new impact-driven platform that creates an innovative space for global business leaders and investors to announce partnerships and deals during the upcoming Dubai Business Forum, which takes place at Madinat Jumeirah in November. Hosted under the patronage of His Highness Sheikh Mohammed […]

Business GCC NEWS DESK UAE

UAE-based Gingo Partners Announces Successful Fundraising Campaign, Securing $350k to Fuel the Community and Investments

News Desk 2 11/08/2023

Abu Dhabi, August 11 – Gingo Partners, an Investor Outreach Service and Startup Community, is thrilled to announce the successful completion of its fundraising campaign, securing $350k in capital from a group of business angels.  This investment will allow Gingo Partners to accelerate its vision of bringing inclusivity and diversity in venture capital and capitalize

Real Estate GCC UAE

New player Prosper Real Estate set to elevate UAE’s realty landscape with growth and investment opportunities

News Desk 2 03/08/2023

UAE, 3 August 2023 Prosper Real Estate, a leading Dubai-based real estate consultancy and brokerage firm, has emerged as a prominent player in the thriving Dubai real estate market, cementing its position as a trusted advisor to top multinational investors. With a record-breaking influx of six million tourists and a surge in real estate investments […]

Business

OAG Acquires Infare and Receives New Investment from Vitruvian Partners

Middle East News 247 29/07/2023

OAG, the world’s leading data platform for the global travel industry, has acquired Infare, the leading provider of competitor air travel data, from Ventiga Capital in a deal valuing the combined entity at over US$500m. Together, OAG and Infare have an exciting journey ahead to leverage a truly market-leading end-to-end data platform to serve mission-critical air […]

Business GCC UAE

UAE and France review growing trade & investment exchanges

News Desk 2 14/07/2023

Abu Dhabi, 14 July 2023: H.E. Abdullah bin Touq Al Marri, Minister of Economy, met with Olivier Becht, Minister-in-Charge of Foreign Trade, Attractiveness, and French Nationals Abroad; Nicolas Niemtchinow, French Ambassador to the UAE; and several other French government officials who are currently on an official visit to the UAE. The meeting explored the means […]

Business

HE Dr Thani Al Zeyoudi discusses trade and investment opportunities with Mongolian ministers in Ulanbataar

News Desk 2 11/07/2023

His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, headed a UAE delegation to the Mongolia Economic Forum in Ulaanbaatar this week, where he met senior government officials to strengthen economic collaboration and foster investment flows between the two nations. During the two-day event, HE Al Zeyoudi held bilateral meetings […]

Business

Private equity firm Berkeley Assets highlights key financial insights for the Middle East

News Desk 2 05/07/2023

DUBAI, July 2023: Berkeley Assets, a British private equity firm with over 15 years of experience, has revealed the latest financial insights for the Middle East’s investment sector.  Preservation and capital protection, diversification of investments into private markets and the digital transformation of businesses remain the three key trends driving financial growth

Business

Uhuru Joins Top International Companies as Members of Future Investment Initiative (“FII”) Institute

Middle East News 247 01/07/2023

Uhuru Corporation is pleased to announce that it has become members of Future Investment Initiative (“FII”) Institute, a global non-profit organization from Saudi Arabia to the world with one pressing agenda: Impact on Humanity. Driven by data, FII Institute fosters great minds from around the world to turn ideas into real-world solutions and actions in […]