Investment holding company Al Qudra’s board has approved a new foreign ownership limit of 30 per cent of outstanding shares
The Riyadh-based startup was established in March 2021 by entrepreneur Sumeet Khutale who has recently relocated from London to the kingdom
ADNOC also announces an increase in national reserves of 4 billion STB of oil and 16 trillion SCF of natural gas
The fresh capital will support iMile’s plans to hire more engineers in China and invest in its technology
The Abu Dhabi-based investment company has been rapidly expanding its healthcare division this year
The region needs to capitalise on the economic benefits of the sustainable energy industry
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
Property is seen as the most important investment class for Indians in the UAE
The investments are in the form of procurement awards to contractors
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
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
During the first nine months of the year, a total of 43,299 property sales transactions worth Dhs104.3bn were recorded in Dubai
The goal is to grow the portfolio to as much as $2bn in gross asset value across the top 25 US industrial markets
The kingdom aims to create more than 20,000 jobs annually for citizens by 2024
The agreement covers the identification and promotion of sustainable investments in the kingdom
Family offices made up 4.2 per cent of the roughly 23,000 venture capital deals worldwide this year through August 31
Among funds eyeing Turkish investments are Abu Dhabi Investment Authority (ADIA) and ADQ
The $1.2bn IPO by ACWA Power International had initial demand amounting to several billion dollars
Stillfront Group acquired Jawaker, the first card games website in the Middle East, in a deal valued at Dhs753m
The company aims to increase supply chain resilience
The Gulf state will expand economic ties with countries including South Korea, Indonesia, Kenya, Ethiopia and Turkey
With the new office, Mashreq now operates in 13 countries, including the UAE
The campaign will highlight the benefits to entrepreneurs, startups and investors of choosing the UAE as a launch platform
The country aims to improve the digital skills of 100,000 Saudi youngsters by 2030, with a focus on cybersecurity, programming, AI and gaming
Main tourist areas continue to be popular
The Pagani family will keep full control of the company
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
Investment in solar projects was up 9 per cent to a record $78.9bn in the first half
The price of Brent crude averaged over $73 a barrel in June
Narratives that had propelled Bitcoin to a mid-April record of almost $65,000 are now being questioned