The Sharjah Investment and Development Authority (Shurooq) has announced significant developments in its 15-year journey of sustainable growth, completing 52 projects that span over 60 million square feet across Sharjah. The total investment value for these initiatives is AED7.2 billion, achieved through strategic partnerships. Among these projects are three real estate developments totaling AED5 billion,...
Riyadh, Saudi Arabia: Areeb Capital, a leading real estate fund management company, has announced the signing of a significant financing agreement with the Saudi National Bank (SNB) valued at SAR 5.8 billion. This agreement aims to bolster Areeb Capital’s financing capabilities for its ambitious investment projects within the Saudi real estate market. The deal marks...
The Abu Dhabi Investment Office (ADIO) has formed a strategic partnership with ITOCHU Corporation, a leading trading and investment firm from Japan. This collaboration aims to enhance investments in Abu Dhabi’s rapidly expanding economy. Credit: Abu Dhabi Media Office The partnership will focus on scaling investments in various sectors that are critical to the economic...
AqlanX, an artificial intelligence company based in the UAE, has announced a significant investment of $10 million from Lakeba Group through its venture DoxAI. This funding marks a crucial step in the region’s digital transformation journey and was made possible through connections facilitated by the UAE’s NextGen FDI initiative. The investment aims to enhance AqlanX’s...
As India solidifies its position as one of the fastest-growing economies globally, the Non-Resident Indian (NRI) community is increasingly aligning its investments with India’s economic growth. NRIs are diversifying their portfolios across various sectors, including real estate, equities, and alternative assets. This renewed interest is driven by India’s robust economic resilience, regulatory reforms, and the...
Dr. Thani bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade, has announced that investments from the United Arab Emirates in Belarus have now exceeded $4 billion. This significant milestone highlights the expanding economic relations between the two countries, characterized by a remarkable qualitative leap across various industries. Al Zeyoudi emphasized that the...
The startup ecosystem in the Middle East and North Africa (MENA) region experienced a significant increase in funding in April 2025, reaching a total of $228.4 million across 26 deals. This amount represents a 105 percent increase compared to the previous month and an almost 300 percent rise from the same period last year, according...
Oman and Algeria have taken a significant step towards enhancing their economic partnership by establishing a joint investment fund valued at $300 million. This fund, equally shared between the two nations, was formalized in a memorandum of understanding (MoU) signed by the Oman Investment Authority and Algeria’s Ministry of Finance during His Majesty Sultan of...
The Abu Dhabi Wealth Fund, known as ADQ, is rapidly expanding its portfolio, which has more than doubled in value over the past four years. Currently, the fund boasts assets totaling around $250 billion, including investments in high-profile entities such as the auction house Sotheby’s and the flagship airline of the Emirates. In a recent...
Erad, a financing platform based in Riyadh, has successfully raised $16 million (equivalent to SAR 60 million) in a Pre-Series A funding round. This investment will be used to accelerate the company’s growth and expand its operations in Saudi Arabia, as well as other regional markets. The funding round was supported by a number of...