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...
On May 4, 2025, the UAE’s Abu Dhabi Ports Group (AD Ports Group) entered into a controversial agreement with Egypt’s General Authority of the Suez Canal Economic Zone (SCZONE) to develop and manage the KEZAD industrial and logistics zone, located near Port Said. This zone covers approximately 20 square kilometers and is strategically positioned at...
Google has officially launched its second Google for Startups Accelerator: AI First program aimed at the Middle East, North Africa, and Turkiye (MENA-T) region. This 12-week initiative focuses on empowering promising Seed to Series A startups that are leveraging artificial intelligence. The program offers essential infrastructure, tools, and expertise necessary for these startups to scale...
Bain Capital has introduced hscale, a dedicated hyperscale data centre platform aimed at expanding its footprint in the EMEA region. This launch is a key part of Bain Capital’s broader digital strategy, which commenced with the acquisition of AQ Compute in October 2024. The leadership team of hscale has a proven track record, having delivered...
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...