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investment
Real Estate
Dubai real estate market hits record transactions in 2023
Off-plan market and secondary deals drive sector's robust growth
Hospitality & Tourism
South Korea’s H2O Hospitality establishes regional headquarters in Abu Dhabi
The new headquarters will serve as a catalyst for the company's international expansion beyond Asia
Economy
Saudi Arabia signs six MoUs to boost education, investment, and sustainability efforts
The agreements align with the goals of Vision 2030
Logistics
FedEx inaugurates $350.93 million hub at Dubai World Central
The new facility boasts AI-equipped high-speed X-ray machines
Economy
Dubai’s food and beverage sector attracts $577 million in new FDI
The UAE accounted for the largest share of venture capital investments in the Middle East’s restaurant tech sector from 2018 to 2023
Markets
Saudi Arabia’s Aramco plans bond issuance in 2024
Aramco will now be able to capitalize on recent declines in global interest rates
Sustainability
UAE, France forge agreement to establish bilateral climate investment platform
The MoU took place during the 2nd plenary meeting of the UAE-France High-Level Business Council in Paris
Interviews
Exclusive: Dr. Amr Talaat, Egypt’s Minister of Communication and Information Technology, on expanding the country’s ICT market
Enhancing Egypt as a strategic offshoring destination and building a digital society
Logistics
Saudi Arabia’s PIF acquires 40 percent stake in Zamil Offshore Services Company
The investment aims to enhance the financial resources of Zamil Offshore
Hospitality & Tourism
NEOM and MDLBeast launch mega beach club on $500 billion Sindalah Island project
Mega project launches first destination amidst ambitious transformation plans
Logistics
Saudi Arabia launches $373 million road projects in Makkah
Improving transportation network and serving pilgrims
MENA
Alibaba forges strategic partnerships with local Gulf companies
Chinese E-commerce giant strengthening ties with Saudi Arabia and the UAE
Markets
Bitcoin market value tops $1 trillion with support from U.S. spot ETFs
Bitcoin's price peaks at $52,079 amid inflows to exchange-traded funds
Economy
113th Arab Economic & Social Council: UAE reiterates support for joint efforts to achieve sustainable economic development
H.E. Bin Touq highlights UAE’s keenness to strengthen Arab level cooperation in new economy sectors
Energy
TAQA net profit up 107 percent at $4.5 billion in 2023
Growth driven by strong demand for transmission and distribution services
Sustainability
WGS 2024: ALTÉRRA investment vehicle sets ambitious goal to mobilize $250 billion by 2030
UAE committed $30 billion to ALTÉRRA during COP28
Markets
Saudi Arabia closes February sukuk issuance at $2.09 billion
Issuance was divided into three tranches
Banking & Finance
WGS 2024: OPEC fund commits $27 billion to support 4,000 development projects in 125 countries
UAE played key role in supporting OFID's sustainable development initiatives
Banking & Finance
WGS 2024: UAE establishes investment and taxation cooperation agreements with Arab countries
UAE Ministry of Finance and World Bank renew advisory services agreement
Hospitality & Tourism
Red Sea Global secures $533 mn financing deal for luxury hotel on Shura Island
Investment bolsters Saudi Arabia's tourism sector, supports Vision 2030
Economy
Türkiye issues $3 billion 10-year eurobonds, sees strong demand
Capitalizing on investor confidence amidst significant changes in economic strategy
Economy
Dewa’s Q4 2023 profits surge 14.6 percent
Robust financial performance driven by increased demand and clean energy initiatives
Energy
Dragon Oil to drill first well in Turkmenistan’s Block 19 in December
Government-owned company expands investments in the oil sector
Economy
PIF Private Sector Forum strengthens economic vision through strategic partnerships
Event concludes with commitment to Saudization and private sector empowerment
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