#Investment

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

Mubadala's head of UAE investments platform to join ADNOC

Head of UAE investments platform at Mubadala to join ADNOC

Mubadala’s deputy CEO, Waleed Al Mokarrab Al Muhairi, will serve as interim chief executive of the UAE investments platform

UAE, holiday dates 2025

UAE, Ukraine to begin negotiations towards comprehensive economic partnership agreement

In 2021, non-oil trade between the UAE and Ukraine reached $904.4m, increasing 28.4 per cent over the previous year

Bitcoin

Bitcoin’s bearish futures are signalling a slowdown into 2023

Bitcoin’s price has dropped 64 per cent since the beginning of the year

Poland opens representative office in UAE

Poland opens representative office in UAE

The UAE is one of Poland’s largest trading partners in the region, with non-oil trade reaching $1.3bn in the first 9 months of 2022

Nestle to invest $1.9bn in Saudi Arabia over next decade

The plant, set to open in 2025, will serve Saudi Arabia and export markets in the Middle East and North Africa

Tourism strategy

Sheikh Mohammed launches national tourism strategy to boost competitiveness

The strategy aims to attract new investments worth Dhs100bn to the country’s tourism sector

Bahrain

Bahrain attracts $72.7m worth of investment in financial services

The financial services investments are expected to generate over 840 jobs over the next three years

Hub71 launches Tech Barza an exclusive capital club for regional family offices

Hub71 launches capital club for family offices in Abu Dhabi

The ‘Tech Barza’ platform will encourage more family office participation to tap investment opportunities among high-growth tech companies in Abu Dhabi

Abu Dhabi Global Market

Aliph Capital secures $125m investment from Abu Dhabi’s ADQ

Aliph Capital will seek to acquire sizeable positions in privately owned mid-market companies across the GCC

Saudi British Bank reports 26% rise in net profit for Q3 2022

The bank’s loan portfolio grew to SAR189bn, marking an increase of 4 per cent during the third quarter

Bahrain

Bahrain receives direct investments worth $98m in the ICT sector

The investments are expected to create over 770 Jobs

Bahrain

Bahrain attracts $290m in direct investment in manufacturing and logistics

The investments are expected to generate more than 1,200 jobs over the next three years

ADGM's FSRA amends capital markets framework

ADGM’s FSRA amends capital markets framework to bolster investment activities

The changes, first proposed in March, received a significant and supportive response from the industry and wider stakeholders

amana_CEO_Muhammad Rasoul

Neo broker amana launches trading app, offers access to regional and global markets

The platform offers stocks, commodities, ETFs, currencies and crypto among other assets through the app

Fossil-fuel underinvestment is recipe for disaster, says Dr Sultan Al Jaber

A supply crunch has sent oil and natural gas prices soaring since the pandemic

Agthia Group

UAE’s Agthia Group announces interim cash dividend of Dhs65.31m for H1 2022

Its group net profit reached Dhs118m for the first half of the year, rising 74 per cent year-on-year