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December 13, 2024
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Al-Futtaim Automotive leads $15 million funding round in revolutionary EV startup – River

Dubai, UAE, 09 June 2023: One of the Middle East’s leading automotive business, Al-Futtaim Automotive led the investment round of $15-million in the Indian electric two-wheeler startup, River. The funding series, a testament of Al-Futtaim Automotive’s commitment to supporting sustainable mobility, will bolster River’s manufacturing and distribution networks for an August
Business

500 Global and Sanabil Investments announce Batch 5 of the Sanabil 500 MENA Seed Accelerator Program

RIYADH, Saudi Arabia — 500 Global, a leading multi-stage venture capital firm, and Sanabil Investments, a financial investment company focused on global private investments in venture capital, growth, and small buyouts, today unveiled the 14 startups in Batch 5 of the Sanabil 500 MENA Seed Accelerator Program 2023. The final set of companies that have been […]
NEWS DESK Business

UAE reiterates commitment to creating sustainable means to promote GCC’s economic integration & boosting investment exchanges

H.E. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, led the UAE delegation at the 64th GCC Trade Cooperation Committee meeting, which took place recently in Muscat, Oman. The delegation consisted of H.E. Abdulla Al Saleh, Undersecretary of the UAE Ministry of Economy; and Abdullah Sultan Al Fan Al Shamsi, Assistant Undersecretary […]
Business

Hutchison Ports Announces Major Investment of US$700 million in Egyptian Port Projects in Sokhna and B100

HONG KONG — Hutchison Ports, the global port operator, is pleased to announce a significant investment in Ain Sokhna Port, Egypt’s major port, and B100, a new container terminal in the Port of Alexandria. The total investment of the two projects is approximately US$700 million, bringing Hutchison Ports’ total investment in Egypt to over US$1.5 […]
Business

Minister of Economy invites German companies

 H.E. Abdullah bin Touq Al Marri, UAE Minister of Economy, met with a trade and industry delegation from Germany recently, during his visit to the country to explore the strengthening of cooperation between Abu Dhabi and Berlin. The German delegation consisted of H.E. Dr. Mark Speich, State Secretary for Federal, European and International Affairs and […]
Business GCC UAE

UAE and Lithuania discuss opportunities

Abu Dhabi, 23 February 2023: H.E. Abdulla bin Touq Al Marri, Minister of Economy, held a meeting with H.E. Kęstutis Navickas, Lithuanian Minister of Agriculture, and his accompanying delegation, during which, he emphasized the strength of the bilateral relations between the UAE and Lithuania. The Minister of Economy stated that the shared interest of both […]
Business GCC UAE

UAE & Ireland explore means to stimulate investment

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 countries. H.E. Bin Touq explained that these ties are founded […]
Business

Investing in 2023 – fearful or bold?

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

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 […]

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