Marwan Saleh Alichla, the Director of the Investment Promotion and Support Department at the Sharjah FDI Office (Invest in Sharjah), announced the successful organization of the Sharjah-Mexico Business Forum. This event focused on exploring investment opportunities and services available to Mexican investors and business leaders in the Emirate. According to Sharjah24, Alichla highlighted that the...
Saudi Arabia’s foreign direct investment (FDI) inflows have dropped for the third consecutive year in 2024, indicating ongoing challenges in attracting foreign investors. The kingdom saw a year-on-year decline of 19%, bringing total inflows down to $20.7 billion, marking the lowest level since 2020. This information comes from an annual government report that monitors the...
The Comprehensive Economic Partnership Agreement (CEPA) between the UAE and India has significantly boosted bilateral trade, which has nearly doubled since the agreement came into effect in 2022. The UAE is now the third-largest trading partner for India, following the US and China, and is responsible for 3 percent of India’s total foreign direct investment...
Absa Group, recognized as South Africa’s third-largest lender, is set to enter the UAE market in 2026. The decision comes as the bank aims to capitalize on the growing investment and business interests between the Middle East and Africa. The bank plans to establish an office in Dubai during the first quarter of 2026, pending...
Saudi Arabia has introduced a new incentive package aimed at attracting foreign direct investments (FDI) into its mining sector, which is part of the Kingdom’s ongoing efforts to diversify its economy. This initiative reflects the nation’s commitment to enhance its investment environment and foster growth within the mineral exploration industry. The Ministry of Investment is...
Dubai has earned the title of the world’s top destination for Greenfield Foreign Direct Investment (FDI) projects for the fourth consecutive year. In 2024, the emirate attracted an estimated AED52.3 billion ($14.24 billion) in FDI capital, reflecting a significant 33.2% increase from AED39.26 billion ($10.69 billion) in 2023. This marks the highest FDI value recorded...
The UAE is stepping up its efforts to attract investments in a number of important areas, such as industry, technology, financial services, and pharmaceuticals. At the Investopia conference in Abu Dhabi, the Minister of Investment, Mohamed Alsuwaidi, stressed the need to make things easier for businesses that want to set up shop in the Emirates....