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Investment
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Sixth edition of FII opens in Riyadh with eyes firmly set on new global order
The sixth edition of the Future Investment Initiative (FII) opened in Riyadh on Tuesday morning.For the latest headlines, follow our Google News ... Business -
Saudi Arabia wealth fund PIF launches Halal Products Development Company
Saudi Arabia’s Public Investment Fund (PIF) has launched the Halal Products Development Company (HPDC) which will invest in the localization of Halal ... Saudi Arabia -
India to support crisis-hit Sri Lanka with long-term investments
India said on Tuesday it would keep supporting Sri Lanka, mainly through long-term investments, after giving nearly $4 billion of financial help this ... World News -
Indian FM meets Saudi Crown Prince, delivers letter from PM Modi
Saudi Arabia’s Crown Prince Mohammed bin Salman met with Indian Foreign Minister Dr. S. Jaishankar where he received a letter from Prime Minister ... Gulf -
Kingdom Holding year-on-year profits continue to climb
Saudi Arabia’s Kingdom Holding reported a continued year-on-year climb in profits for Q2 2022, according to a Tadawul filing released on Thursday.For ... Financial Markets -
South Korea group announces $22 billion investment in US on semiconductors, tech
South Korea’s huge SK Group said Tuesday it will invest $22 billion in semiconductors and other high-tech areas in the United States, giving President ... Technology -
Saudi PIF to become British luxury carmaker Aston Martin’s second-largest shareholder
Aston Martin’s shares jumped 20 percent on Friday after the British luxury carmaker announced a capital raising that will see Saudi Arabia’s Public ... Financial Markets -
Saudi PIF buys 23.97 percent stake in Jordan’s Capital Bank Group
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, said on Sunday it will buy a 23.97 percent stake in Capital Bank Group, one of the ... Banking & Finance -
BlackRock names board for Saudi Arabia unit as it expands in the Kingdom
BlackRock Inc. appointed a board of directors for its Saudi Arabia business as the world’s largest asset manager expands in the oil-rich ... Economy -
Qatar to invest $5 billion in Spain’s EU-funded recovery
Qatar’s $300 billion sovereign wealth fund plans to invest $5 billion in Spanish projects, the Gulf state’s ruler said late on Tuesday in a dinner ... Middle East -
Saudi Arabia’s new investment law to increase international business by over 50 pct
Saudi Arabia is emerging as a global hub for business, and the Ministry of Investment’s recent initiative to revamp the country’s legal system for ... Economy -
Egypt, ADQ agreement includes stakes in listed and unlisted companies: Report
The CEO of the Sovereign Fund of Egypt (TSFE) said that the agreement with Abu Dhabi Development Holding Company (ADQ) includes stakes in listed and ... Middle East -
Saudi Arabia on path to become MENA financial hub in 3 years: GEN President Ortmans
Saudi Arabia’s transformation from an “oil and gas powerhouse” to a startup hub for the MENA region is “well underway,”Jonathan Ortmans, President of ... Economy -
Egypt, Qatar sign $5 billion in investment deals: Statement
Egypt and Qatar have agreed to sign investment deals worth $5 billion, the Egyptian cabinet said in a statement on Tuesday, as the two countries ... Gulf -
Foreign direct investment in Saudi Arabia reaches $1.4 bln in Q2 2021: Ministry
Foreign direct investment (FDI) in Saudi Arabia has reached $1.4 billion in the second quarter of 2021, the investment ministry said on Sunday.For the ... Gulf -
Abu Dhabi’s Mubadala says expects no shift in investment strategy in 2022
Abu Dhabi state investor Mubadala, which manages $243 billion in assets, expects no change in its investment strategy and themes in 2022, its group ... Gulf -
UAE allows federal entities to establish development funds: Report
The United Arab Emirates will allow government entities to create their own development funds, the state news agency said on Tuesday, citing an ... Gulf -
Abu Dhabi fund Mubadala unit acquires a US franchisee of Taco Bell
A unit owned by Abu Dhabi state fund Mubadala Investment Company has acquired one of the biggest franchisees of Taco Bell Corp in the US, according to ... Business -
Tanzania considers reviving $10 billion port project
President Samia Suluhu Hassan said on Saturday that Tanzania will look to revive a $10 billion stalled port project on the eastern coast of the ... World News -
Oman introduces long-term residencies for foreign investors
Oman will start granting long-term residence visas to foreign investors, state media said on Wednesday, as the debt-burdened Gulf state pursues ... Gulf -
Saudi Arabia net foreign assets drop 1.9 percent to $436 bln in April
Saudi Arabia’s net foreign assets dropped to $436.30 billion in April, down nearly 1.9 percent from $444.59 billion in March, central bank data showed ... Economy -
Sudan to get $400 mln from Saudi Arabia and the UAE for agriculture: SUNA
Sudan will receive $400 million from Saudi Arabia and UAE to fund agricultural production inputs for this year’s summer and winter seasons, the ... Middle East -
Accenture joins forces with UAE VC firm in first regional partnership
The United Arab Emirates’ Global Ventures has joined forces with professional services company Accenture in the latter’s first partnership with a ... Business -
GameStop weighing stock offering to fund company transformation
GameStop is considering selling some of its shares, a move that would enable the video-game retailer to capitalize on the massive surge in its stock ... Financial Markets -
Dubai signs MoU with Israel group to promote cross-border manufacturing investment
A Dubai government body has signed an Memorandum of Understanding (MoU) with the Manufacturer’s Association of Israel (MAI) to promote cross-border ... Economy -
Shares in Egypt’s SODIC jump 7 percent after stake offer from UAE's Aldar Properties
Shares in Egyptian real estate company SODIC rose 7 percent at the market open on Sunday, Refinitiv data showed, following a majority stake offer from ... Financial Markets -
India seeks investment for vaccine production to match China’s push-source
India has urged the United States, Japan and Australia to invest in its vaccine production capacity, an Indian government source told Reuters, as the ... Coronavirus -
Business leaders react to Saudi move to cease working with companies with no local HQ
Economists and business leaders have reacted to Monday’s announcement that Saudi Arabia will require all government contracts to be awarded to ... Gulf -
Bitcoin price drops sharply after hitting record high
Bitcoin fell sharply on Monday, losing ground from a record high of $34,800 touched a day earlier, with traders citing volatility in highly leveraged ... Financial Markets -
India considers easing regulations on investment from neighbors
India is considering a plan to allow up to 26 percent foreign direct investment from countries with which it shares a land border, including China, ... Economy