The UAE is stepping up its efforts to attract investments in a number of important areas, such as industry, technology, financial services, and pharmaceuticals. At the Investopia conference in Abu Dhabi, the Minister of Investment, Mohamed Alsuwaidi, stressed the need to make things easier for businesses that want to set up shop in the Emirates....
UAE’s Ambrosia Investment Holding has made a big investment by acquiring a 50 percent stake in a gold mine located in Mali from Toronto-listed Allied Gold. The total investment amounts to approximately $500 million, which includes $375 million for the stake in the mine and an additional $110 million for a 12 percent share in...
Flow48, a fintech start-up based in the UAE, has successfully raised $69 million in a combination of debt and equity funding during its Series A round, which was led by the Parisian venture capital firm Breega. The funding round also included notable participation from Evolution Ventures, Endeavor Catalyst, Daphni, Speedinvest, 212, and Plus VC. This...
Multiply Group, an investment holding company based in Abu Dhabi, has made a move by securing a 67.91% stake in Tendam, a prominent player in the fashion retail sector. This landmark investment was made in partnership with CVC Capital Partners and PAI Partners, marking a pivotal moment for Multiply Group’s expansion strategy. The investment is...
Allied Gold has announced a partnership with a United Arab Emirates-based investment group, Ambrosia Investment Holding, to enhance its mining operations in Africa. The deal is expected to provide vital regional expertise and broader market support, as Ambrosia is positioned at the forefront of the UAE’s renewable energy sector. As part of the agreement, Ambrosia...
Abu Dhabi-based investment company ADQ has formed a partnership with Eni, a global energy technology firm headquartered in Rome, Italy. This collaboration aims to explore strategic areas of cooperation to strengthen supply chains for critical minerals, which are essential for the energy transition The agreement focuses on potential investments across Africa, North America, and Central...
Journify, a company specializing in AI-powered data activation, has successfully raised $4 million in funding. The investment round was led by Silicon Badia, a global venture capital firm, with participation from RZM and other strategic investors. This funding is aimed at supporting Journify’s mission to provide brands with ethical, data-driven marketing solutions that enhance audience...
Abu Dhabi’s state-run atomic power company, Emirates Nuclear Energy Co. (ENEC), is preparing to invest in the French-Italian operator Newcleo. This decision follows the signing of an agreement during a visit to Rome by UAE President Sheikh Mohamed Bin Zayed Al Nahyan. ENEC aims to pursue a direct investment through private funding, alongside a co-investment...
At a bilateral summit in Rome, the United Arab Emirates declared its intention to invest $40 billion in Italy. Although no precise timeframe for the investment was given, this noteworthy promise was made during a meeting between UAE President Sheikh Mohammed bin Zayed Al Nahyan and Italian Prime Minister Giorgia Meloni. Despite criticism from political...
Yashaa Global Capital has officially received the Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to establish a global sports venture capital fund. This milestone positions Yashaa Global Capital as a significant player in the rapidly growing sports investment sector The fund is led by General...