#Investment

‘Prioritise the fundamentals when investing', says SJP's Martin Hennecke

‘Prioritise the fundamentals when investing’, says SJP’s Martin Hennecke

St. James’s Place’s (SJP) head of Asia and Middle East Investment Advisory offers a strategic perspective on investments, the importance of diversification and the firm’s foray into Dubai

Saudi's PIF boosts stake in Saudi Re with $114m investment

Saudi’s PIF boosts stake in Saudi Re with $114m investment

Saudi Re plans to raise its capital by SAR267.3m ($71m) through this strategic subscription agreement with the kingdom’s sovereign fund

UAE-Japan sign MOUs

UAE, Japan strengthen strategic partnership, sign MoUs

The two sides reviewed the Comprehensive Strategic Partnership Initiative, focusing on joint projects aimed at sustainable economic growth

Investment firm Ardian raises $3.2bn for sixth co-investment fund

Investment firm Ardian raises $3.2bn for sixth co-investment fund

The new fund attracted 188 investors from Europe, the Americas, the Middle East and Asia

UAE seeks deeper trade, investment ties with Malaysia

UAE, Malaysia seek deeper ties after trade reached $4.7bn in 2023

The trade pact between the two states is expected to boost investment in Malaysia by the Gulf state’s sovereign wealth funds

UAE off FATF grey list what it means for trade and investment-GettyImages-927096466

UAE is off FATF’s grey list: What that means for trade, investment

The UAE’s exit from the FATF’s grey list can be seen as a crucial step, albeit not the sole factor, for fostering robust growth in trade and investment

UAE, France partner to advance global AI ecosystem

UAE and France partner to advance global AI ecosystem

The two countries will explore investment opportunities in start-ups and investment funds focused on AI models

DET, Emirates join forces to promote Dubai’s hub status

DET, Emirates partner to jointly promote Dubai’s tourism hub status

The two entities will promote the city’s business-friendly policies and processes, ultra-modern infrastructure, and innovation-led economy

UAE signs bilateral trade deal with Colombia

UAE, Colombia sign a bilateral trade agreement

The trade pact follows a significant increase in bilateral non-oil trade between the two countries, which reached a record $53.1m in 2023

Saudi Arabia - FDI

Saudi FDI inflows rise 16% for Q4 2023

The kingdom hopes to attract $100bn in FDI by 2030 to boost non-oil gross domestic product

UAE reportedly considering 10-year golden business licences

UAE reportedly considering 10-year golden business licences

The new trade licences are expected to increase government revenue, ensure business continuity, and promote economic growth

India cabinet approves Middle East-Europe trade corridor pact

India cabinet approves Middle East-Europe trade corridor pact

The corridor is an ambitious ship and rail network that will connect Europe with India through the UAE, Saudi Arabia, Jordan and Israel

Abu Dhabi pushes deeper into AI with new investment firm

Abu Dhabi pushes deeper into AI with new investment firm

MGX counts Abu Dhabi wealth fund Mubadala Investment Company and Group 42 as its founding partners

Oman to invest $31bn in tourism sector by 2040. Getty Images by Emran Omar

Oman to invest $31bn in tourism sector by 2040

In 2023, Oman received four million visitors, up from 2.9 million in 2022, a year-on-year rise of almost 38 per cent

Saudi Arabia’s PIF, Bahrain Mumtalakat to boost cooperation, investment

Saudi Arabia’s PIF, Bahrain Mumtalakat to boost cooperation, investment

The agreement aims to expand cooperation between the two parties and enable new and promising investment opportunities in Bahrain

From the 146th floor to the racing track: AIX’s drive to elevate impact

AIX has become one of the big-name investment advisory firms here where GCC and global investors turn to invest their wealth

WTO aims for modest outcomes at Abu Dhabi meeting

WTO aims for modest outcomes at Abu Dhabi meeting

The almost 30-year-old global watchdog tries to strike deals by consensus, but such efforts are becoming more and more difficult

RedBird IMI strikes $1.45 bln deal for UK's All3Media

Abu Dhabi-backed RedBird IMI strikes $1.45bn deal for UK’s All3Media

The investment group said the All3Media deal is its fifth acquisition and the largest so far

Saudi Arabia posts 2023 budget deficit of $22bn

Saudi Arabia’s GDP has ‘nearly doubled’ since 2016

Saudi Arabia’s Minister of Investment, Khalid Al-Falih shared these milestones at the third Saudi Capital Market Forum in Riyadh on February 19

UAE, Arab countries sign agreements to avoid double taxation

UAE signs agreements with Arab countries to avoid double taxation

The agreements seek to eliminate double taxation, additional taxes, indirect taxes, and tax evasion while addressing cross-border trade challenges

Saudi Arabia’s NEOM expands global reach with New York office

Saudi Arabia’s NEOM expands global reach with New York office

The new office presents an opportunity for the company to explore new partnerships and investments

Oman

Oman sets up OMR2bn fund to oversee government investments

The fund offers funding and investment solutions to various investor categories including private sector organisations, SMEs, foreign investors, and startups

Dubai wealth fund unveils new logo in rebranding push

Dubai wealth fund unveils new logo in rebranding push

The fund is chaired by Sheikh Hamdan bin Mohammed Al Maktoum, Crown Prince and Chairman of The Executive Council of Dubai

GII acquires SAR600m stake in Saudi hospital chain

Dubai’s GII invests SAR600m in Saudi hospital chain

Abeer operates about 50 health-care facilities including hospitals, pharmacies and clinics in Saudi Arabia and the GCC region

Saudi Arabia unveils new premium residency scheme

How Saudi Arabia seeks to attract foreign talent, investments

The five new premium residency products offer a wide range of benefits to holders, including the ability to conduct business and own real estate properties

Ex-UAE climate change minister to head IHC’s $27bn fund

Ex-UAE climate change minister to head IHC fund 2PointZero

The investment vehicle’s sprawling portfolio includes Abu Dhabi’s newest fund Lunate, International Resources Holding, and private investment firm Chimera

Alpha Dhabi transfers stake in Gordon to ADNOC Drilling JV

IHC’s Alpha Dhabi transfers 25% stake in US firm to ADNOC Drilling JV

The $180m equity stake marks the initial strategic investment by Alpha Dhabi in the venture

WATCH: Saxo Bank CIO on global risks, opportunities in 2024

Chief Investment Officer of Saxo Bank, Steen Jakobsen, recently sat down with Gulf Business in an exclusive interview on the economic picture for 2024

Saudi PIF increases stake in MEPCO to 23.08%

Saudi wealth fund PIF hikes stake in MEPCO to 23.08%

The fund said the investment will enable MEPCO to expand its production, raise its operational efficiency, and support environmental sustainability

Invest AD and Blackstone launch Private debt fund Image -courtesy-WAM

Abu Dhabi’s IHC launches mega holding company with $27bn in assets

Abu Dhabi’s International Holding Company (IHC) has announced the establishment of 2PointZero, a company which will have more than Dhs100bn in assets