#Investment

ADQ monetises minority stake in Taqa to Multiply Group, Abu Dhabi Pension Fund, other investors

Abu Dhabi-based Taqa has significant investments in power and water generation, transmission and distribution assets, as well as upstream and midstream oil and gas operations

Investcorp led the $100m investment round Tin ruKKer

Investcorp leads $100m pre-IPO round in online trucking aggregator Trukker

This investment is part of the recently launched Investcorp Saudi Pre-IPO Growth Fund LP, targeting equity growth capital investments across a range of companies primarily based in Saudi Arabia

Flynas flights

Saudi carrier flynas to launch direct flights between Jeddah and Tashkent

Flights connecting the two destinations will commence from September 15

Pure health invest in US healthcare company

UAE’s Pure Health to invest $500m in Ardent, a US healthcare company

Ardent is the fourth largest privately held acute care hospital operator in the US, with 30 hospitals and more than 200 sites of care across six states

Somia K_Falcon Global

How Falcon Global Capital is delivering exclusivity through customised investments

From enabling investment in high-end watches and exclusive art, to luxury real estate and rare cars, Falcon Global Capital’s CEO Somia Khawaja tells us how the firm has been delivering value and bespoke services to its growing list of discerning clients in the UAE

Stake

Dubai’s property investment platform Stake raises $8m in pre-series A funding

The company plans to invest the new capital in advancing its product and technology, upscaling its brand, and expanding operations across the region

First Abu Dhabi Bank

First Abu Dhabi Bank launches multiple-thematic fund

Investors will be able to access multiple investment themes focused on innovation and long-term growth

Hussain-Sajwani Chairman DAMAC Properties

Damac Group’s Hussain Sajwani keen to explore investment opportunities in Germany

The company is looking to expand its footprint in Europe, having entered a joint venture in Denmark to build single family residential developments across Scandinavian countries

Cybersecurity

Here’s why you should bet on cybersecurity

Cybersecurity provides integrity, confidentiality, availability and privacy of online activities to prevent cybercrimes and digital attacks on networks

EFG Hermes Holding announces Q2 2022 results Karim-Awad

EFG Hermes Holding reports 28% rise in Q2 revenues to EGP2.1bn

The group announced that net profit before tax rose by 8 per cent YoY in Q2 2022 to EGP623m.

real estate crowdfunding

Is crowdfunding the future of real estate investment?

We look at the advantages that real estate crowdfunding offers both investors and sellers

Saudi wealth fund starts company for Egypt investments

The company will invest in swathes of Egypt’s economy from infrastructure and real estate to pharmaceuticals

Tomasz Wisniewski - CEO of Axiory Intelligence

Five tips for navigating the slippery slopes of uncertainty when trading

In uncertain times, riskier assets are less desirable, and safe haven instruments gain value

Double Tree Hilton RAK acquired by Aldar

Aldar acquires Doubletree By Hilton Resort and Spa, takes total investment in RAK to Dhs2bn

The transaction ramps up Aldar’s expansion and growth strategy in Ras Al Khaimah following the acquisition of Al Hamra Mall and Rixos Bab Al Bahr earlier this year

10th Invesco study Investment outlook for 2022

Middle East sovereigns are looking at private markets in the face of rising inflation, reveals Invesco study

Key findings of the latest Invesco Global Sovereign Asset Management Study based on the views of 139 chief investment officers, heads of asset classes and senior portfolio strategists

Venture capitalists

Where venture capitalists are inclined to invest in the Middle East

With new innovations in DeFi, GameFi and infrastructure spaces, Cypher Capital looks forward to being part of large milestones for blockchain

UAE-Turkiye meeting in July

UAE, Türkiye explore collaboration in energy, tech and industry

Türkiye accounts for more than three per cent of the UAE’s non-oil foreign trade and is its seventh largest trading partner

UAE to invest $2bn in India’s ‘food parks’

UAE announces investment of $2bn to set up food parks in India

Israel and US will bring state-of-the-art technologies and expertise to the food parks in India

Alpha Dhabi ups stake in Aldar

Alpha Dhabi ups stake in Aldar, becomes single largest shareholder and parent company

As a long-term strategic shareholder, Alpha Dhabi will continue to support Aldar’s management team as they execute its growth agenda

UK launches negotiations for free trade deal with GCC

The deal would add at least £1.6bn a year to the UK economy and support new jobs across key industries

banke international Properties

Banke International Properties’ Porush Jhunjhunwala on opportunities for investors in UAE’s real estate sector

The CEO of the Dubai-based property firm showcases his company’s operations and expansion, and the UAE’s thriving real estate market

logistics park

Dubai’s DP World, Saudi Ports Authority sign agreement to build logistics park at Jeddah Islamic Port

The new facility will offer warehouse space of 100,000 square metres

Cathal Dowling Director invesco talks bonds, negative returns and more

From negative returns to bond yields, current investment trends mapped

Trends show investors have been buying bonds in a range of financial and corporate issuers, where yields provide a boost to the income the funds produce

HSBC boosts Saudi investment banking team amid flurry of deals

International banks including Citigroup and Bank of America have been expanding in the kingdom

Jordan

Saudi wealth fund’s $3bn Jordan unit aims to ramp up deals

The investment is expected to create more than 5,000 jobs and will be the first of several deals announced by the fund over the next year

CMTrading

CMTrading: Trading and thriving on trust

The award-winning licensed and regulated platform, founded nearly a decade ago by traders for traders, has reportedly attracted over a million subscribers

Public Investment Fund

Saudi wealth fund to take $185m Jordanian bank stake

The Public Investment Fund signed a subscription agreement that would involve it buying 63 million newly issued shares

Beyond Technology

Beyond Technology invests in MEA and South Asian markets to support fiberisation projects

The company has signed service agreements allowing for 33 warehouse facilities across the region, including in the UAE, Saudi Arabia, Qatar and Oman

Dubai-based ride sharing firm Swvl to slash headcount by a third

The reductions will focus on roles that have been automated by investments in engineering and product and support functions

Abu Dhabi

Abu Dhabi’s ADQ announces EUR4bn investment partnership with Greece

The agreement underscores growing economic ties between the two countries and will drive investor interest in Greece