The Abu Dhabi Investment Authority (Adia) has announced its acquisition of a significant minority stake in the French outdoor accommodation firm, the European Camping Group (ECG). This transaction was executed through a wholly owned subsidiary of Adia, although the financial terms of the deal have not been disclosed, as reported by Khaleej Times. As part...
The Gulf Cooperation Council Interconnection Authority (GCCIA) has announced plans to invest up to $1.3 billion in network expansion between 2025 and 2027. This significant investment is expected to impact the authority’s credit metrics, as all projects will be financed through debt, according to S&P Global Ratings. S&P Global Ratings anticipates that GCCIA will invest...
The AIM Investment Forum, one of the world’s leading economic and investment platforms, is set to explore the future of artificial intelligence (AI) and its implications for governments during its 14th edition. The forum will take place at the Abu Dhabi National Exhibition Centre. This year’s discussions will focus on how AI innovation can drive...
Masdar, the Abu Dhabi Future Energy Company, has announced the completion of its investment agreement for the Valle Solar project, one of the largest solar photovoltaic (PV) installations in Spain. This project, located in the Valencia region, will have a capacity of 234 megawatts (MW) and includes the potential for Battery Energy Storage Systems (BESS)...
Global fintech company XTB has officially opened a new office at the Dubai World Trade Centre to enhance its presence in the Middle East. This expansion is part of the company’s strategy to establish itself as a trusted and regulated brokerage for both retail and institutional investors. The opening of the Dubai office coincides with...
A recent survey by PwC has revealed that 81 percent of CEOs in Saudi Arabia have embraced artificial intelligence (AI) within the past year. This statistic underscores the optimism among Saudi business leaders regarding their companies’ revenue growth, which they expect to outpace both regional and global averages in 2025. The Kingdom is establishing itself...
On World Meteorological Day 2025, Saudi Arabia and the UAE reaffirmed their dedication to enhancing early warning systems globally. Both nations aim to ensure that all countries have access to these systems by 2027, aligning with the World Meteorological Organization’s objectives. Dr. Abdulla Al Mandous, the director-general of the National Center of Meteorology and president...
Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, has confirmed plans for the development of an $8 billion green hydrogen plant in the Suez Canal Economic Zone (SCZONE) in collaboration with the Indian company ReNew Power. This announcement was made during a recent meeting with Vikram Kapur, Group President at ReNew Power. The initiative...
Hassana Investment Company has successfully finalized the acquisition of a 40% stake in Berain Water Company from Mohammed Abdulaziz Al-Rajhi & Sons Investment Company, also known as Rajhi-Invest. This significant transaction is expected to initiate a long-term partnership between the two companies, positioning Hassana to enhance its presence in the consumer sector of Saudi Arabia....
The Abu Dhabi Investment Authority (ADIA) is enhancing its focus on Artificial Intelligence (AI) by participating in a $200 million seed funding round for a US-based firm specializing in life sciences called Lila Sciences. The financial specifics of this investment, which was made through a wholly owned subsidiary of ADIA, have not been disclosed. Lila...