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...
Saudi Crown Prince Mohammed bin Salman has revealed Saudi Arabia’s ambitious plan to invest $600 billion in the United States over the next four years. This announcement came during a phone call on Wednesday evening with former US President Donald Trump, as reported by the Al Khaleej. The Crown Prince emphasized the Kingdom’s commitment to...
The UAE has attracted more than $30 billion in cryptocurrency investments over the past year, according to data from forex.com. This significant influx highlights the nation’s emergence as a key player in the global crypto market, ranking among the top 10 countries for cryptocurrency adoption in 2025. The UAE’s strategic leadership in regulation and innovation...
Dubai Islamic Bank (DIB), the UAE’s leading Shariah-compliant lender, has increased its ownership in Turkey’s T.O.M. Group of Companies to 25%. This marks a rise from its earlier 20% stake, utilizing an option tied to its initial acquisition in September 2023, according to Zawya. The T.O.M. Group consists of several financial entities, including T.O.M. Katılım...
Abu Dhabi-based investment firm ADQ has teamed up with Oman Investment Authority (OIA) to launch a $180 million technology-focused fund called the ‘Jasoor Fund.’ The fund is designed to boost Oman’s digital economy and support tech startups in the wider Middle East. As part of this initiative, the Jasoor Fund will focus on high-growth technology...
Chile’s Codelco, the world’s largest copper producer, is in discussions with Saudi Arabia about potential investments in copper projects, according to an interview given by Codelco Chairman Maximo Pacheco to Reuters. The talks come as both sides look to create value through new collaborations. Codelco has been exploring partnerships with Saudi Arabia’s mining sector, including...