Investment

NEWS DESK

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

News Desk 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

NEWS DESK

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

News Desk 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 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 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

PR News Desk 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

PR News Desk 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

PR News Desk 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

PR News Desk 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

PR News Desk 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

PR News Desk 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

PR News Desk 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

PR News Desk 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

PR News Desk 28/10/2023

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

PR News Desk 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

PR News Desk 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

PR News Desk 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

PR News Desk 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

PR News Desk 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

PR News Desk 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 […]