Red Sea Global, a Saudi Arabian company owned by the Kingdom’s Public Investment Fund, recently organized its second promotional procurement exhibition in Cairo, Egypt.
The United Arab Emirates (UAE) is taking significant strides towards fortifying its capital markets as Sharjah-based energy company Dana Gas plans to raise its foreign ownership limit to 100 percent.
Saudi Arabia’s establishments are rapidly adopting information technology, with education and manufacturing activities leading the way in internet usage, registering rates of 98.6 percent and 97.6 percent, respectively, last year. These findings were revealed in the 2022 Survey of Information and Communication Technology Access and Usage by Establishments conducted by the General Authority for Statistics […]
Foreign direct investment from the UAE to India totalled Dh56.5 billion by the end of 2022 as both countries step up efforts to establish mechanisms that will increase the volume of mutual investments and diversify them into new sectors, Abdulla bin Touq Al Mari, UAE Minister of Economy, said.
The UAE’s FDI to India was mainly in renewable energy and telecommunications, roads infrastructure, real estate, and start-ups, while Indian FDI in the UAE rose to Dh30 billion in 2020, Al Mari said during his meeting with Piyush Goyal, Indian Minister of Commerce, Industry, Consumer Affairs, Food & Public Distribution and Textiles.
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The UAE minister said that the UAE-India relations have evolved into an exceptional model of bilateral cooperation and fruitful partnership aimed at promoting sustainable development, economic welfare, and the steady prosperity of their people.
Saint Vincent and the Grenadines, a Caribbean island nation, is set to witness the establishment of a new primary care center and a cultural facility following the signing of two development loan agreements worth $16 million with the Saudi Fund for Development (SFD).
As the global community intensifies its efforts to combat climate change, investment in clean energy is experiencing a remarkable surge, with expectations that it will exceed $1.7 trillion in 2023, according to the International Energy Agency (IEA). In its latest report, the IEA stated that the worldwide energy sector is projected to witness investments of […]
Qatar’s economy showcased resilience in April 2023 as the country recorded a trade surplus of 22 billion Qatari riyals ($6 billion), according to a report released by the states’s Planning and Statistics Authority.
The banking sector in Saudi Arabia demonstrated its resilience in April, with the aggregate profit of banks operating in the country increasing by 3.4 percent year on year, reaching SR5.78 billion ($1.55 billion).
The Ministry of Economy has made an announcement regarding Odys Aviation, a US-based company specializing in the development of hybrid-electric vertical take-off and landing (VTOL)
European Investment Bank (EIB) has been actively supporting the circular economy by providing substantial funding to relevant projects.