Adani Enterprises Limited has announced the establishment of a wholly owned subsidiary called Cococart International-FZCO in Dubai, UAE. This new entity was formed through its step-down subsidiary, Cococart Ventures Private Limited. The primary aim of this strategic move is to bolster Adani’s overseas trading capabilities, aligning with the business objectives of Cococart Ventures and potentially...
Dubai has reached a significant milestone by ranking 5th globally for FinTech in the latest Global Financial Center Index. This achievement underscores the city’s transformation into a leading global financial center, largely credited to the Dubai International Financial Centre (DIFC) and its efforts over the past 20 years. Additionally, Dubai’s overall ranking improved to 12th...
The Abu Dhabi Investment Office (ADIO) has announced a significant multi-year partnership with Gushcloud International, a global company specializing in creator management and digital marketing. This collaboration aims to establish Gushcloud’s regional headquarters in Abu Dhabi, marking a notable step in enhancing the emirate’s digital economy and creative industry. As part of the partnership, Gushcloud...
Cognite, an industrial software firm backed by Saudi Aramco, has launched its AI services center in Bengaluru, India. The company revealed plans to invest millions of U.S. dollars in India and aims to increase its investment in the region over time. Chief Strategy Officer Hakon Bjerke emphasized that Cognite is committed to this growth strategy....
Switzerland-based hotel firm Aman Group is actively seeking to secure $2 billion in new capital to support its global expansion initiatives. The luxury hospitality brand has already attracted approximately $1.3 billion from Gulf wealth funds and other investors over the past three years. The funds will be utilized to open more hotels across the Middle...
Abu Dhabi’s ADQ, a sovereign investment company formerly known as Abu Dhabi Developmental Holding Company, has announced a significant partnership with Energy Capital Partners (ECP) based in New Jersey. The collaboration aims to invest over $25 billion in developing power generation and energy infrastructure, targeting projects totaling 25 gigawatts (GW). This 50-50 partnership combines ADQ’s...
Nvidia and Elon Musk’s xAI have recently joined a consortium supported by Microsoft, the UAE investment fund MGX, and BlackRock to enhance artificial intelligence (AI) infrastructure in the United States. This announcement was made on Wednesday amidst an escalating global competition to lead in the emerging AI technology space. The consortium, which was formed last...
DELTA Wealth Partners has announced the upcoming launch of the DELTA Future Fund in the second quarter of 2025. This fund aims to redefine deep-tech venture capital in the region through an innovative approach that combines advanced artificial intelligence with the principle of “Artificial Wisdom.” Dr. Abdalla Kablan will lead the DELTA Future Fund, which...
Emaar The Economic City (Emaar EC) has successfully obtained a loan of 1 billion riyals, equivalent to $267 million, from the Public Investment Fund (PIF) to support project costs and drive growth. This loan is part of the company’s Capital Optimisation Plan. The new financing represents an amendment to a prior agreement made in 2023...
Dubai has officially launched the pilot phase of its real estate tokenisation project, aiming to attract more investment into the property market. This initiative is designed to diversify ownership by enabling multiple investors to co-own a single property, which could open new avenues for investment in the real estate sector. The pilot project is part...