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Category: Business
The Egyptian government has agreed to build a $7 billion industrial complex with the help of a group made up of Shard Capital Partners from the UK, Royal Strategic Partners from the UAE, and Al-Qahtani Group from Saudi Arabia. Shard Capital Partners made the statement. They are the lead firm in the alliance and have...
The Indian food company Haldiram’s and the Jebel Ali Free Zone (Jafza) are working together to build one of the biggest saffron production plants in the Gulf Cooperation Council (GCC). The deal was made in Dubai at the Gulfood event. The building is set to open for business in March 2025. Kesar Expert and Packers...
Aqua Bridge, an aquaculture company based in the UAE that is connected to the powerful Al-Maktoum family in Dubai, has announced plans to build an aquaculture farm and study center in Uttar Pradesh, India. The project, which wants to help India’s growing aquaculture industry, will need an initial investment of $461 million. In the town...
The Abu Dhabi Investment Forum was recently held in Shanghai. Its goal was to help investors and important decision-makers talk to each other directly. The event was called “Invest with Abu Dhabi” and its main goal was to look into advanced business and investment options in the capital of the United Arab Emirates. The forum’s...
A recent important business meeting was held at The Chedi Al Bait Hotel in Sharjah by the Sharjah FDI Office, also known as Invest in Sharjah, and the Consulate General of the UAE in Geneva. This event was meant to strengthen business ties between Sharjah, UAE, and Neuchatel, Switzerland, and make it easier for people...
Dr. Thani bin Ahmed Al Zeyoudi, the UAE Minister of State for Foreign Trade, led an Emirati delegation on an official visit to Warsaw, Poland. The visit, which took place on February 20, aimed to explore potential areas for trade and investment collaboration between the two nations. During the visit, Minister Al Zeyoudi emphasized the...
The Abu Dhabi National Oil Company (ADNOC) said Thursday that it planned to sell a 4% share in its subsidiary, ADNOC Gas, in order to raise up to $3 billion. Since Saudi Aramco’s $12.3 billion follow-on selling in June, this is the biggest sale of shares in the Middle East and North Africa (MENA) region....
Ras Al Khaimah Economic Zone (RAKEZ) has teamed up with Praxis, a leader in pension solutions and workplace services, and Equevu, a technology company that focuses on integrating systems and keeping data safe. The goal of this partnership is to bring the Middle East Workplace Savings Scheme (MEWSS) to the attention of the RAKEZ business...
American multinational business Parsons buys $475 million worth of contracts from Saudi Arabia and the UAE. The contracts are for work in technology, defense, intelligence, and infrastructure engineering. In Saudi Arabia in the fourth quarter of 2024, the business won two big deals worth a total of $275 million. The work that goes along with...
Niantic, the U.S. company that made Pokémon Go, is allegedly in talks to sell its video game business to a division of Savvy Games Group, which is a branch of Saudi Arabia’s Public Investment Fund (PIF). The planned $3.5 billion deal could be completed in the next few weeks, according to Bloomberg report. The deal...