Browsing: Investment

Saudi Arabia is gearing up to invest a substantial SR1.6T ($427B) over the next decade, as revealed by Minister of Transport and Logistics, Saleh Al-Jasser. This ambitious plan aims to attract more than 30 million pilgrims and Umrah participants, in addition to over 100 million tourists annually, in harmony with the goals of Saudi Arabia’s Vision 2030.

The Public Investment Fund (PIF) of Saudi Arabia has revealed pricing details for its first-ever dollar-denominated sukuk issuance, amounting to $3.5B. This sukuk offering, split into two tranches, is set to be listed on the London Stock Exchange’s International Securities Market (ISM). It garnered remarkable investor interest, with orders significantly surpassing the issuance amount, underscoring the strong confidence in PIF’s financial position.

His Excellency Abdulla Bin Touq Al Marri, the Minister of the UAE’s Ministry of Economy,…

Zoho’s partnerships with UAE government entities have led to a 36% increase in businesses benefiting from perks since 2022. Through local collaborations, Zoho equips businesses with tools, training, and wallet credits to boost digital presence and productivity. Key sectors include IT, retail, and logistics. At GITEX 2023, Zoho unveils innovative apps and AI tools.

UAE’s largest bank, FAB, achieved an impressive 58% year-on-year increase in net profit, reaching AED 12.4B in nine months. This growth, aided by a stake sale in Magnati, with total revenue of AED 20.5B, bodes well for other prominent UAE blue-chip banks.

Get ready for InFlavour 2023, a groundbreaking B2B food event in Saudi Arabia set to showcase the country’s culinary richness and boost the food and beverage industry. With support from the Saudi Ministry of Environment, Water, and Agriculture, InFlavour brings together prominent figures, global industry leaders, and innovative exhibitors. Explore the future of food and beverage, tackle industry challenges, and network with key players. Don’t miss this landmark event from October 29-31 in Riyadh, where food innovation meets business opportunity.

InFlavour, the inaugural food sector showcase in Saudi Arabia, is set to become a leading industry summit, focusing on sustainability, technology, and social impact. With distinguished attendees like HRH Prince Khaled bin Alwaleed Al Saud and a consortium of local, regional, and international food industry figures, InFlavour aims to explore emerging opportunities within Saudi Arabia’s thriving food service market. The Ministry of Investment conservatively projects a six percent annual growth in this sector, estimating its worth to reach US$30.47 billion by 2029. The event includes a Five-Star Pitch Fest and an emphasis on investment, innovation, and collaboration, contributing to the growth of the Kingdom’s food industry.

Ahmet Burak Daglioglu, Head of the Investment Office of the Turkish Presidency, announced that the…

The 2023 Dubai Blockchain Summit, organized by Trescon, is back with a renewed focus on blockchain growth. This edition boasts strategic partnerships with leading entities like Dubai AI & Web3 Campus, promising a dynamic event. Join over 2000 decision-makers, investors, and a stellar lineup of speakers as they explore the latest trends and innovations propelling blockchain integration across crucial global sectors. Don’t miss this opportunity to be part of a reshaping force in the future of blockchain technology.

The Abu Dhabi Securities Exchange has observed a 364 percent increase in the value and…