#Investment

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

Dubai Financial Market Company

Dubai financial frenzy: Surge as investor accounts hit new record

A major uptick in investor accounts have been recorded on the Dubai Financial Market (DFM), helped by interest in the Dubai Taxi IPO

Here’s why investing in gym business makes sense

Here’s why the gym business is a lucrative investment

The business is well-positioned to capitalise on the growing demand for health and wellness, making it an attractive investment opportunity

Warren Buffett’s right-hand man at Berkshire, dies at 99

Buffett’s famous sidekick, Charlie Munger, passes away at 99

The most noticeable change to the public from Charlie Munger’s death will be Berkshire’s annual weekend, which draws tens of thousands of people to Omaha

Daily Insider: Saudi’s 300% foreign investment surge success

Foreign investment levels in Saudi Arabia’s capital markets are on a tear, with demand rising dramatically over the last eight years since regulators started opening up trading.

Alpha Dhabi CEO - Hamad Al Ameri

Alpha Dhabi posts double digit growth for Q3 results

Alpha Dhabi said its diversified portfolio has been a major driver behind the growth in revenue

UAE-Jordan sign MoUs Image WAM

UAE, Jordan ink MoUs to expand investment cooperation in key sectors

The UAE’s Ministry of Investment has identified potential investments worth over $2bn for the projects in this partnership

Sheikh Mohammed, Vice President and PM of UAE and Ruler of Dubai issues decree to form ICD board courtesy_Dubai Media Office

Dubai: Sheikh Mohammed issues new decree to form ICD board

The Investment Corporation of Dubai is the principal investment arm of the emirate’s government

IHC increases stake over 5% in Adani Enterprise Ltd Image IHC X

Abu Dhabi-based IHC increases stake in Adani Enterprises to above 5%

This development follows last week’s announcement by IHC that it had entered a definitive agreement to sell its stake in AGEL and ATL

National Bonds unveils ‘millionaire’ saving plan

Millionaire in 10 years: National Bonds unveils ‘My One Million’ saving plan

Companies can contribute on behalf of their employees, which is expected to enhance employee retention