Middle East

Hyundai and Saudi Arabia’s PIF launch $500 million car factory to produce EVs by 2026

PIF holds a 70 percent stake in HMMME, while Hyundai possesses the remaining 30 percent

Sheikh Hamdan highlights UAE’s commitment to technological transformation, AI partnerships with Google

Google established its Dubai offices in 2008, supporting the UAE’s digital transformation journey since then

Dubai climbs to 4th globally, leads GCC, Arab World & Asia in 2025 smart city index

Eight-place jump reflects commitment to digital transformation, innovation, and enhanced quality of life for all residents

Trump’s Middle East trip to strengthen economic, strategic bonds with Gulf allies

Secretary Rubio will join the President during his trip to the Middle East to strengthen ties between the U.S.

Abu Dhabi, Japan ink MoU amid 11.9 percent bilateral trade growth

UAE investments in Japan doubled in 5 years; attracting 80 percent of Japanese investment in the Middle East

Saudi Arabia leads MENA IPO market as proceeds reach $2.4 billion with 106 percent YoY growth

Saudi Arabia recorded 12 out of 14 listings in the MENA region during this quarter

Visa and Whish Money partner to elevate digital payment solutions across Lebanon, international markets

The collaboration enables Whish Money to integrate Visa’s advanced payment technologies for improved services

14 MENA IPOs raise $2.4 billion in Q1 2025, proceeds surge 106 percent

Saudi Arabia's Umm Al Qura for Development & Construction led the quarter with the highest proceeds

Saudi flynas plans IPO with 51.26 million ordinary shares, 30 percent of total capital

IPO will include 33.83 million existing shares sold by current shareholders and treasury stock 

MENA startup funding grows 300 percent to $228.4 million in April 2025

Saudi Arabia led MENA startup funding during the month, attracting $158.5 million across eight deals

Dubai’s Jafza celebrates 40 years and $30 billion in investment as key trade hub in emirate

Sheikh Hamdan emphasizes Jafza's importance in Dubai’s developmental journey as a trade hub