Egypt has successfully attracted approximately $8 billion in investments from around 2 800 Chinese companies, according to Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI). Heiba made this announcement during a meeting with Wang Weizhong, Governor of Guangdong Province, alongside other officials from Chinese firms looking to invest in the...
The world’s largest visa application centre has officially opened in Dubai’s Wafi City, significantly improving access for travel to and from the emirate. This announcement was made on Tuesday, highlighting the centre’s capacity to handle up to 10 000 visa applications each day, which is the highest capacity of any such facility worldwide. Spanning approximately...
Crossfin, a South African fintech investment team, has initiated its global expansion by investing in UAE-based Unitey Digital Holdings. This investment is made through Crossfin’s newly established investment arm in Singapore, marking a significant step in targeting new markets in the Middle East and Asia. Anton Gaylard, co-founder and CXO of Crossfin, stated that since...
Abu Dhabi’s G42 has partnered with France’s Mistral AI to develop AI infrastructure that will encompass training AI models and systems across the Middle East, Europe, and the Global South. This collaboration aims to enhance AI capabilities in these regions, providing advanced technological solutions tailored to their unique needs. The partnership was announced recently and...
Sheikh Shakhbout Medical City (SSMC), a part of the PureHealth Group and one of the largest hospitals in the UAE specializing in serious trauma care, has officially inaugurated the 4th Annual Trauma and Injury Prevention Week, which is scheduled to take place from May 19 to May 22. Trauma is a leading cause of death...
Saudi Telecom Company’s Tali Ventures and Aramco’s Wa’ed Ventures are making headlines with their joint investment in Graphiant, a technology start-up based in the United States. This investment highlights Saudi Arabia’s commitment to enhancing its digital infrastructure. The two investment arms have co-led a $19 million investment in Graphiant as part of a Series B...
DP World has announced a significant investment of $2.5 billion in 2025 aimed at enhancing its global logistics network. This investment will focus on launching major infrastructure projects in regions such as India and Africa, reflecting the company’s strategic commitment to expanding its operational capabilities. Credit: Government of Dubai Media Office The Government of Dubai...
CIMC Modular Building Systems (MBS), a globally recognized leader in modular construction, has secured a significant contract to build the Earth Riyadh Hotel in Saudi Arabia. This project marks CIMC MBS’s first entry into the hospitality industry within the region, highlighting the company’s commitment to promoting innovative and sustainable construction practices. With its renowned modular...
Abu Dhabi’s Space42 is preparing to establish the Middle East and North Africa’s (MENA) first earth observation satellite manufacturing hub. This initiative follows the opening of the region’s first High Altitude Platform Stations manufacturing center by its subsidiary, Mira Aerospace, in Abu Dhabi. These efforts are part of a broader plan to enhance the UAE’s...
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has congratulated President Paul Biya of the Republic of Cameroon on the occasion of the country’s National Day. This gesture highlights the diplomatic relations between the United Arab Emirates (UAE) and Cameroon. Credit: WAM In addition to Sheikh Mohamed, His Highness Sheikh Mohammed bin Rashid Al...