Investment

NEWS DESK

H.E. Bin Touq underlines the need to create investment opportunities in new economy sectors

News Desk 2 25/04/2023

London, 25 April 2023: H.E. Abdullah bin Touq Al Marri, Minister of Economy, participated in the 13th edition of the City Week 2023 forum, which took place on Monday 24 in London, UK, and will continue to 26 April. Through its three sessions, the latest edition of the forum discussed the issues

Business GCC UAE

UAE and Republic of Congo seek to enhance economic cooperation

News Desk 2 17/03/2023

Abu Dhabi, 17 March 2023: H.E Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, held a meeting with H.E. Denis Christel Sassou Nguesso, Minister of International Cooperation and Public-Private Partnership Development of the Republic of the Congo, to explore the means to strengthen economic, trade, and investment cooperation between the two […]

Business

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

Middle East News 247 16/03/2023

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

News Desk 2 14/03/2023

 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

UAE and Tanzania discuss strengthening of trade & investment relations

News Desk 2 24/02/2023

H.E. Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, held a meeting with Dr. Ashatu Kijaji, Minister of Investment, Industry and Trade of Tanzania, to discuss the strengthening of trade and investment relations between the two countries. The meeting took place during a Tanzanian delegation’s recent visit to the UAE. The […]

Business GCC UAE

UAE and Lithuania discuss opportunities

News Desk 2 23/02/2023

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

News Desk 2 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 countries. H.E. Bin Touq explained that these ties are founded […]

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 0

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 0

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