The UAE and Germany have reaffirmed their strong economic partnership during the UAE-German Business Forum held in Abu Dhabi at the Abu Dhabi Global Market (ADGM). The event brought together senior officials, business leaders, and private sector representatives from both nations to explore collaboration in key sectors such as clean energy, advanced technology, and logistics....
Emirati billionaire Khalaf Ahmad Al Habtoor has announced he is halting his investments in Lebanon, citing personal safety concerns and the country’s ongoing instability. Speaking to Reuters, Al Habtoor revealed that he had been threatened with being “slaughtered and killed” last year, a threat that pushed him to abandon plans for a media venture in...
ADQ, a prominent global sovereign investor focused on critical infrastructure and supply chains, has partnered with Orion Resource Partners, a global investment firm specializing in metals and materials. Together, they have established a new joint venture based in Abu Dhabi that will invest strategically in the metals and mining sector, aiming to enhance supply chain...
Foreign investors have shown strong interest in Gulf Cooperation Council (GCC) stock markets, investing a net $3 billion in just three months, according to Zawya and Kamco Invest. Between October and December 2024, both institutional and retail foreign investors actively purchased equities across the region. The surge in investments was fueled by robust IPO activity,...
The Department of Economic Development in Ajman (Ajman DED) has introduced a new project called the “Investor Statement,” designed to improve the investment climate in the emirate. The initiative aligns with Ajman Vision 2030’s goal of building a sustainable economy. The project will provide investors with regular electronic updates about their licences and permits. These...
Eagle Hills, a global real estate developer based in Abu Dhabi, has signed a Memorandum of Understanding (MoU) with the Government of Georgia to invest over $5.5 billion in two transformative urban projects. According to the Emirates News Agency, this partnership aims to reshape Georgia’s cities of Tbilisi and Batumi, focusing on sustainability, innovation, and...
PureHealth, a leading healthcare group in the Middle East, has confirmed its acquisition of a 60% stake in Hellenic Healthcare Group, a major private hospital operator in Greece and Cyprus. The deal, valued at $2.3 billion, marks PureHealth’s significant entry into the European healthcare market. Hellenic Healthcare operates 10 hospitals and 16 diagnostic centers across...
Saudi Arabia’s Public Investment Fund (PIF) has announced the sale of Thiqah, a business services firm, to Elm for $907 million (SAR3.4 billion). The deal, which was reported by Gulf Business, aligns with PIF’s strategy to support the country’s economic diversification goals under Vision 2030 by strengthening key sectors like information and communications technology (ICT)....
The OPEC Fund for International Development is providing a loan of US$50 million to enhance the rehabilitation, upgrading, and maintenance of National Route PY22 and its access roads in the Concepción department of northern Paraguay. This funding is part of a larger initiative that includes a US$135 million loan from CAF – Development Bank of...
Saudi Arabia hit a new milestone in 2024 with a record 178 venture capital (VC) deals, making up 31 percent of all VC transactions in the MENA region, according to a report by MAGNiTT, sponsored by Saudi Venture Capital Company (SVC). According to Economy Middle East, the Kingdom also retained its top position in MENA...