investment

Saudi Arabia’s Ma’aden acquires 25.1 percent stake in joint venture for $1.1 billion from U.S.-based Alcoa

Transaction consideration comprises approximately 86 million shares of Ma’aden worth ​$950 million and $150 million in cash

Saudi Arabia: On track to a diversified future

Country has been doubling down on strategic investments, sweeping reforms, and bold initiatives across multiple sectors

Cityscape Global 2024: Discover the Future of Living in Saudi Arabia

This year’s edition will see the premier real estate event introduce new halls and features

Safeguarding the digital future of Saudi Arabia

Cybersecurity is emerging as a linchpin in country’s Vision 2030 agenda

EFG Hermes KSA: Banking on opportunities in Saudi Vision 2030 and beyond

Since 2019, firm has successfully completed more than 14 IPOs in the Kingdom

Supporting the next generation of private markets professionals in Saudi Arabia

Saudi Arabia seeks to grow private markets by expanding its skilled professional pool

Picking the who and the why in the GCC’s key growth sectors

Opportunities in retail, local manufacturing, entertainment, and tourism

UAE’s Ajman real estate transactions surpass $427.4 million in August 2024

The trading volume in the emirate reached AED950 million from 1,005 individual transactions 

Vision 2030 projects to propel Saudi Arabia’s non-oil GDP share: S&P

S&P expects Saudi Arabia's oil GDP to decrease to 24-26 of total GDP by the end of 2030

Dubai Taxi Company secures 300 new plates, projects $27.2 million in extra annual revenue

This acquisition raises the company’s fleet to nearly 6,000 vehicles, increasing its market share to 46 percent

Sobha Realty raises total sukuk holdings to $500 million with $230 million tap

Latest tap is an extension of the developer’s inaugural sukuk issuance of $300 million, which took place in July 2023

Dubai introduces AI Security Policy to strengthen cybersecurity, position UAE as global leader in AI by 2031

This initiative promotes a secure cyberspace, strengthening Dubai's digital infrastructure and global cybersecurity leadership

UAE’s Sheikh Mohammed bin Rashid, King of Bahrain discuss in Abu Dhabi strong and longstanding relations between two countries

His Highness and His Majesty discussed advancements in cooperation, and the need for better collaboration for mutual development

Kuwait-India non-oil trade surpassed $2 billion in 2022, says Chamber

The Chamber highlighted that Kuwait and India's relationship extends beyond business due to their historical ties

UAE’s AD Ports awards $114.34 million crane contracts to ZPMC for terminal projects in Africa

Terminals will get three Super Post-Panamax STS cranes, servicing 21 container rows over 60 meters

Saudi Arabia’s data, AI authority partners with Microsoft to advance innovation in GenAI

Partnership seeks to build national AI capabilities through various joint programs

Abu Dhabi’s NMDC Energy starts trading on ADX following 31.3 times IPO oversubscription

The offering comprised 1.15 billion shares of the company, 23 percent of total capital, priced at AED 2.8 each

Abu Dhabi’s Hub71 welcomes 21 startups with $134.9 million in funding

Seven startups will join Hub71+ ClimateTech, gaining tailored resources for their sustainability missions

Saudi Aramco announces agreements with key Chinese partners

Aramco's agreement with Hengli Group enables talks for a potential 10 percent stake acquisition

Abu Dhabi’s ADIO launches three state-of-the-art schools under Zayed City school PPP project

The first educational facility that ADIO's PPP procurement framework delivered was the Zayed City schools project

Saudi Aramco signs MoUs to collaborate on advanced AI, supercomputing solutions 

Aramco has also launched initiatives to enhance advanced digital solutions in its operations 

DIEZ net profit rises 18 percent in H1 2024, further supporting Dubai’s non-oil economy

The total number of DIEZ-registered companies saw a 4 percent rise during the first half of 2024

Abu Dhabi’s AI sector booms with 41.3 percent surge in new companies in H1 2024

Registered AI companies in the emirate grew at a compound annual growth rate of 67 percent between 2021 and 2023

Abu Dhabi’s ADQ launches Q Mobility to improve transportation services in Abu Dhabi

The initiative focuses on sustainable and integrated solutions to support the Emirate's growth