#Investment

Morocco

UAE, Morocco review strengthening financial, economic cooperation

Both the countries agreed to double the volume of trade and investment exchange over the next seven years

UAE Dr. Thani bin Ahmed Al Zeyoudi.

UAE, South Africa seek to boost trade ties in energy, tourism

The country is the UAE’s second-largest trading partner in Africa, accounting for 8 per cent of total non-oil trade with the continent

UAE and Brazil Presidents

UAE President receives President Lula of Brazil

The UAE is one of Brazil’s largest trading partners and President Lula’s visit is expected to boost bilateral relations between the two countries

Bahrain unveils new visa

Bahrain unveils new ‘golden licence’ to attract investors

The new licence is part of an economic recovery plan launched by the Gulf state in October 2021 to boost investment and job creation

Art

How art is being incorporated into investment portfolios for diversification

Developments within the art market over the last decade have been followed almost as closely as those within the stock market

EFG Hermes Holding group CEO Karim Awad gives keynote speech at One on One Conference in Dubai

GCC is key investment hub for regional, global investors: EFG Hermes

The 17th EFG Hermes One-on-One Conference is being held at Atlantis, The Palm in Dubai from March 6-9

ADQ, IHC to create MENA's largest independent investment manager

ADQ, IHC to create MENA’s largest independent investment manager

The new investment manager aims to launch a series of multi-asset class funds to invest in private equity, venture capital, credit and public equities

Tesla

Tesla’s Mexico plant to require $5bn investment

Mexican President Andres Manuel Lopez Obrador earlier said that Tesla will build the plant in Monterrey

Leap23

How LEAP is positioning Saudi Arabia as a technology hub

Public and private sector enterprises are setting standards for digital excellence with the support of events such as LEAP2023

F88

F88 raises $47m ahead of its planned Vietnam IPO

The Hanoi-based company offers small loans primarily backed by vehicles as collateral and provides financial services, such as insurance and money transfers

Dubai Holding fully acquires The Westin Paris - Vendôme

Dubai Holding acquires full ownership of The Westin Paris – Vendôme

The property occupies an area of over 32,000 square metres and houses more than 400 rooms and suites

Investcorp Tokyo Japan

Bahrain’s Investcorp launches presence in Japan

The firm has appointed Professor Heizo Takenaka as the chairman of Investcorp Japan

Freshtohome

FreshToHome raises $104m with Amazon as lead investor

Investment represents Amazon Smbhav Venture Fund’s first direct foray into the D2C branded food space

Dubai's Emirates to invest $135m in new pilot training facility

Dubai’s Emirates to invest $135m in new pilot training facility

The new facility will be ready in 2024, and will have the potential to expand the airline’s pilot training capacity by 54 per cent annually

Power Letters 2023: Mohammed Qasim Al Ali, group chief executive officer, National Bonds

Power Letters 2023: Mohammed Qasim Al Ali, group chief executive officer, National Bonds

At the very core, we believe economic and social stability stems from a financially secure population

Zoho

Zoho announces Dhs100m investment for UAE expansion

In the five years since its operations in the UAE, the company has grown 10 times in the country

Leap23

Saudi’s LEAP23 announces series of new investments, equalling $580m

New deals include the launch of a data centre and two dedicated academies for developing technical skills and unearthing homegrown talent

Nana

Alwaleed’s Kingdom Holding leads $133m funding for Saudi delivery app Nana

Started in 2016, Nana raised $18m from investors including venture capital fund STV and Middle East Venture Partners

Aramco’s venture capital arm expands investment fund to $500m

Aramco’s venture capital arm expands investment fund to $500m

Aramco has allocated $300m in additional funds to Wa’ed Ventures

LEAP23

LEAP23 announces investments of over $9bn to support future technology and startups

The event is running at Riyadh Front Exhibition & Conference Centre from today until February 9

Blockchain solar

Top 5 benefits of investing in blockchain-based solar energy programmes

Blockchain has the potential to spur sustainable development through increased efficiency and reduced environmental impacts

Saudi's King Salman appoints new central bank governor

Saudi’s King Salman appoints new central bank governor

Former governor, Dr Fahd Al-Mubarak, takes on the role of adviser at the royal court

Saudi Omani conference Photo courtesy saudi press agency SPA

Saudi Arabia, Oman sign 13 investment agreements, value exceeds SAR1bn

The agreements were signed at the Saudi-Omani Investment Forum being held in Riyadh

Bitcoin

Bitcoin jumps to highest since August in post-Fed crypto rally

The largest token rose as much as 2.4 per cent and was trading at $24,020 in Singapore

UAE's Edge Group invests $14m in tech company High Lander

UAE’s Edge Group invests $14m in tech company High Lander

Edge aims to utilise High Lander’s Universal UTM solution in autonomous operations management

Dubai records completion of 55 real estate projects worth $3.24bn in 2022

Dubai records completion of 55 real estate projects worth $3.24bn in 2022

A total of 350 real estate projects are currently being developed in the emirate

Power Letters 2023: Nasser Al Awadhi, chief executive officer, ADIB

Power Letters 2023: Nasser Al Awadhi, chief executive officer, Abu Dhabi Islamic Bank

Continuous innovation, segment focus, digital excellence and sustainable future are the core tenets of our 2025 growth strategy

investors

HNWI investors will be on the move, geographically and strategically, in 2023

Akshay Sardana, VP of Strategy and International Development at The Continental Group, offers insights on these trends

UAE’s Amanat acquires majority stake in Sukoon

UAE’s Amanat acquires majority stake in Sukoon

The merger is part of Amanat’s plan to expand CMRC from 256 beds to 1,000 beds in three years

Service

Regional wealth management firm launches invest now pay later service

The service allows investors to start investing in private markets without funding the entire commitment from day one