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...
Abu Dhabi-based Investcorp Capital plc has announced its agreement to invest in Epipoli, a prominent alternative payments enabler in Italy. This investment comes after Investcorp Group signed a definitive agreement to acquire Epipoli from Bregal Milestone and its founder and CEO, Gaetano Giannetto, who will continue to manage the company. The terms of the transaction...
Omnispay, a fintech company based in the UAE, has successfully raised $1.5 million in a seed funding round led by Mercatus Capital Pte. Ltd., a Singapore-based venture capital firm. This funding round attracted participation from various regional and international investors and aims to empower small and medium-sized enterprises (SMEs) with an all-in-one platform for collecting,...
Abu Dhabi-based sovereign wealth fund ADQ has initiated the year by forming two significant global investment partnerships aimed at enhancing its influence in emerging markets. The fund plans to deploy capital in critical areas such as infrastructure and urban development. On February 12, ADQ announced a Memorandum of Understanding (MoU) with the International Finance Corporation,...
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...
Shorooq led the way in getting $12.5 million in loan financing for The Box, a self-storage company based in the UAE. The Box is a company that was started by Wadih Haddad in 2007 and offers moving, personal storage, and record management services. With this new money, The Box can grow and build new flagship...
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...
Saudi Arabia’s integrated utility company, ACWA Power, has signed a share purchase agreement (SPA) with the regional subsidiary of French utility developer ENGIE to acquire assets valued at $693 million. This acquisition marks ACWA Power’s entry into the Kuwaiti market. The deal includes significant operating capacities, comprising 4.61 gigawatts (GW) of gas-fired power generation and...
The State of Qatar has publicly commited to invest $10 billion in India. This is meant to improve relations between the two countries. During his two-day state visit to India, Sheikh Tamim bin Hamad Al-Thani, the Emir of Qatar, promised to make this investment. During the trip, the Emir met with Narendra Modi, the Prime...