#Investment

Abu Dhabi’s IHC approves merger of its real estate firm Al Tamouh with Al Qudra Holding

Investment holding company Al Qudra’s board has approved a new foreign ownership limit of 30 per cent of outstanding shares

Saudi Aramco

Saudi Aramco’s Wa’ed invests SAR19m in fintech startup Lamaa

The Riyadh-based startup was established in March 2021 by entrepreneur Sumeet Khutale who has recently relocated from London to the kingdom

ADNOC board approves Dhs466bn spending plan for 2022-26

ADNOC also announces an increase in national reserves of 4 billion STB of oil and 16 trillion SCF of natural gas

China’s ByteDance invests in Dubai-based logistics startup iMile Delivery

The fresh capital will support iMile’s plans to hire more engineers in China and invest in its technology

Here’s why UAE’s Yas Holding is bullish on the future of healthcare

The Abu Dhabi-based investment company has been rapidly expanding its healthcare division this year

Climate change: What is the GCC’s role in this equation

The region needs to capitalise on the economic benefits of the sustainable energy industry

Reliance pulls plan to sell oil-to-chemicals stake to Aramco

Reliance and Aramco had signed a non-binding letter of intent in August 2019 for a potential 20 per cent stake in Reliance’s oil-to-chemicals unit

Up to 66% of Indian expats plan to increase their investments in the UAE – HSBC

Property is seen as the most important investment class for Indians in the UAE

Abu Dhabi’s ADNOC announces $6bn investments to foster drilling growth

The investments are in the form of procurement awards to contractors

UAE’s Century Financial to launch new funds, AI trading platform and property crowdfunding site

The investment firm is diversifying its business with plans to also launch in Saudi soon, says Ali AbdulKareem Ali, senior executive director at Century Financial

Singapore’s The Social Loan Company secures investment from Abu Dhabi’s ARI Holding

The new capital will be used to fuel the growth of its digital lending operations, deepen its AI and predictive analytics capabilities and grow its global talent pool

International investors boosting Dubai property market, say developers at Cityscape

During the first nine months of the year, a total of 43,299 property sales transactions worth Dhs104.3bn were recorded in Dubai

New Arcapita venture to invest $2bn in US warehouses

The goal is to grow the portfolio to as much as $2bn in gross asset value across the top 25 US industrial markets

Bahrain plans $30bn investment as it balances its budget

The kingdom aims to create more than 20,000 jobs annually for citizens by 2024

Saudi Arabia signs MoU with HSBC to promote sustainable investments

The agreement covers the identification and promotion of sustainable investments in the kingdom

Family offices raise bets on startups in $418bn market

Family offices made up 4.2 per cent of the roughly 23,000 venture capital deals worldwide this year through August 31

Abu Dhabi’s wealth funds weigh Turkey investments worth billions

Among funds eyeing Turkish investments are Abu Dhabi Investment Authority (ADIA) and ADQ

Biggest Saudi IPO since Aramco draws strong investor interest

The $1.2bn IPO by ACWA Power International had initial demand amounting to several billion dollars

twofour54 abu dhabi

Abu Dhabi’s twofour54 inks Arab world’s largest gaming deal with sale of Jawaker to Stillfront

Stillfront Group acquired Jawaker, the first card games website in the Middle East, in a deal valued at Dhs753m

Dubai’s DP World to invest £300m in London Gateway logistics hub

The company aims to increase supply chain resilience

UAE to grow trade ties in Asia and Africa

The Gulf state will expand economic ties with countries including South Korea, Indonesia, Kenya, Ethiopia and Turkey

UAE’s Mashreq opens first representative office in Shanghai

With the new office, Mashreq now operates in 13 countries, including the UAE

UAE launches international campaign to attract foreign talent

The campaign will highlight the benefits to entrepreneurs, startups and investors of choosing the UAE as a launch platform

Saudi announces $1.2bn tech initiatives, including all-new LEAP and @Hack events

The country aims to improve the digital skills of 100,000 Saudi youngsters by 2030, with a focus on cybersecurity, programming, AI and gaming

Property market in Dubai: Where to invest for promising returns

Main tourist areas continue to be popular

Saudi wealth fund buys a stake in Italian supercar maker Pagani

The Pagani family will keep full control of the company

Devesh Mamtani, Chief Market Strategist, Century Financial

An era of disruption: How to invest?

The rewards of investing in innovative tech stocks have been enormous, and the most evident example would be Tesla, with its share price skyrocketing from $90 in 2020 to $900 in early 2021

Renewable energy investment rose to a record in first half

Investment in solar projects was up 9 per cent to a record $78.9bn in the first half

Cybercrime

The rising cost of cybercrime: Why businesses must invest in cybersecurity

Battling cybercrime is a multifront war, and modern-day DDoS attacks are complex, multi-vector, and dynamic

Saudi Arabia’s net foreign assets rose in June

The price of Brent crude averaged over $73 a barrel in June