OpenAI, the creator of ChatGPT, is currently in discussions to raise funds amounting to $40 billion. This initiative includes talks with Saudi Arabia’s Public Investment Fund (PIF), India’s Reliance Industries, and existing shareholder MGX from the United Arab Emirates, as reported by The Information and Yahoo According to sources familiar with the situation, each of...
Sharjah is set to host the 29th World Investment Conference, a move that highlights the United Arab Emirates’ growing influence on the global investment landscape. This significant event, organized by the Sharjah FDI Office, aims to bring together investors and business leaders from around the world to discuss opportunities and challenges in the investment sector....
Qatar-based PayLater, recognized as one of the first companies to obtain a buy now, pay later (BNPL) license from the Qatar Central Bank (QCB), has successfully secured a strategic investment from the UAE-based fintech investor, LuLu Alternative Investments (LuLu AI). This investment, the amount of which has not been disclosed, marks LuLu AI’s first foray...
Abu Dhabi-based venture capital fund EQIQ is making significant strides in Iraq’s technology sector, planning to double its fund size from $15 million to $30 million by the end of the year. This ambitious move comes as the country experiences a surge in entrepreneurial activity, particularly in areas like FinTech, e-commerce, and logistics. Mohamed Al...
The Ministry of Investment of the United Arab Emirates and the Perak State Development Corporation in Malaysia have officially signed a Memorandum of Understanding (MoU) aimed at enhancing cooperation in food security. This agreement also includes plans for the development of the Bagan Datuk International Sea-Hub Multipurpose Terminal in Perak State, which reflects both parties’...
China has granted approval for Qatar’s sovereign wealth fund, the Qatar Investment Authority (QIA), to acquire a 10% stake in China Asset Management Co (ChinaAMC), the country’s second-largest mutual fund company. This approval marks the first significant investment in the sector from a major Middle Eastern investor amid escalating tensions with Western nations. The approval...
Global investment giant International Finance Corporation (IFC), part of the World Bank, has invested $12 million in Play Ventures Inc., a leading company in immersive media. This funding is part of Play Ventures’ pre-series C round, aimed at enhancing its capabilities in the rapidly growing immersive media sector. Play Ventures Inc. is incorporated in South...
The United Arab Emirates (UAE) is set to offer industrial companies more than Dh40 billion, equivalent to approximately $10.89 billion, in financing over the next five years. This initiative aims to stimulate growth within the industrial sector and encourage expansion among various firms. In addition to the financing, the UAE government is launching a Dh1...
Saudi Arabia has announced over SR50 billion ($13.3 billion) in investment opportunities in the Hail region, aiming to diversify and strengthen the national economy. This initiative was highlighted during the Hail Investment Forum 2025, where the Ministry of Investment acted as a strategic partner. The event was held under the patronage of Prince Abdulaziz bin...
President Sheikh Mohamed has announced a significant commitment of $1.4 trillion in investments aimed at enhancing economic ties between the United Arab Emirates (UAE) and the United States. This announcement came during a visit from US President Donald Trump, who is currently concluding his Gulf tour in the UAE. The pledge reflects both nations’ intentions...