Crossfin, a South African fintech investment team, has initiated its global expansion by investing in UAE-based Unitey Digital Holdings. This investment is made through Crossfin’s newly established investment arm in Singapore, marking a significant step in targeting new markets in the Middle East and Asia. Anton Gaylard, co-founder and CXO of Crossfin, stated that since...
Saudi Telecom Company’s Tali Ventures and Aramco’s Wa’ed Ventures are making headlines with their joint investment in Graphiant, a technology start-up based in the United States. This investment highlights Saudi Arabia’s commitment to enhancing its digital infrastructure. The two investment arms have co-led a $19 million investment in Graphiant as part of a Series B...
The Abu Dhabi Investment Office (ADIO) has introduced a significant economic programme aimed at creating a complete automotive ecosystem in the region. This initiative seeks to foster innovation and investment opportunities within the automotive sector, enhancing the local industry’s capabilities. The programme is designed to support various segments of the automotive industry, including manufacturing, research...
Ambassador Yousef Al Otaiba, the UAE Ambassador to the US, announced that the UAE is eager to host President Trump in Abu Dhabi this Thursday. He emphasized that the UAE and the US will be fast-tracking their $1.4 trillion strategic technology and investment partnership, with several announcements expected to be made. In a post on...
Australia’s Woodside Energy announced on Wednesday that it is exploring opportunities for collaboration with Saudi Aramco, which may acquire a stake in its $17.5 billion liquefied natural gas (LNG) project in Louisiana. Following the announcement, shares in Woodside, the country’s top gas producer, surged nearly 4%. The agreement could also enable Aramco to secure LNG...
Hassana Investment Company has signed a Memorandum of Understanding (MoU) with Franklin Templeton, amounting to $150 million, aimed at boosting the private credit market in Saudi Arabia. This agreement is particularly significant as it seeks to expand access to alternative financing for mid-sized companies, which constitute almost half of the country’s employment yet receive less...
Saudi Arabia’s Crown Prince Mohammed bin Salman welcomed Elon Musk at the royal court in Riyadh. This meeting took place just ahead of the upcoming Saudi-US Investment Forum, which aims to strengthen economic ties between the two countries. The forum is expected to focus on various sectors, including technology and renewable energy, reflecting the interests...
Saudi Arabia’s Crown Prince, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, announced the launch of HUMAIN, a company owned by the Public Investment Fund (PIF). This new entity will operate across the artificial intelligence (AI) value chain as a unified operating company, aiming to streamline various data center initiatives and accelerate...
The United Arab Emirates has announced a significant commitment of US$40 billion to invest in Italy across various strategic sectors. This announcement occurred during an official visit aimed at enhancing bilateral relations and outlining future cooperation between the two nations. The investment will support a wide range of initiatives, including those in the economy, defense,...
AqlanX, an artificial intelligence company based in the UAE, has announced a significant investment of $10 million from Lakeba Group through its venture DoxAI. This funding marks a crucial step in the region’s digital transformation journey and was made possible through connections facilitated by the UAE’s NextGen FDI initiative. The investment aims to enhance AqlanX’s...