Browsing: economic diversification

Saudi Arabia’s Public Investment Fund (PIF) and French private equity firm Ardian confirmed on Friday…

FIFA has confirmed that Saudi Arabia will host the 2034 World Cup. This long-awaited announcement was made during the FIFA Congress on Wednesday, December 11, marking a major milestone in the Kingdom’s ambitious sporting vision and making it the second Middle Eastern country to host football’s premier event.

Dubai Financial Market (DFM) has celebrated the successful listing of Talabat Holding. Talabat, the MENA…

PLATMA, an AI-powered business automation platform, has secured $2.2 million in pre-seed funding to drive its expansion into the Middle East and North Africa (MENA) region.

UAE has secured fifth place in the 2024 Quality Infrastructure for Sustainable Development (QI4SD) Index, rising six positions since its launch by the United Nations Industrial Development Organisation (UNIDO) in 2022. The index categorises the UAE within the ‘L’ group, alongside countries with GDPs between $100 billion and $1 trillion, including Switzerland, South Africa, Singapore, and Finland.

Abu Dhabi Investment Office (ADIO) has signed multiple agreements to explore manufacturing opportunities in line with the emirate’s focus on sustainable growth and economic diversification. The agreements were formalised during the Procurement Forum at the first Abu Dhabi Business Week, held from 4-6 December. The forum highlighted the role of the private sector in shaping public sector procurement and driving economic transformation.

President His Highness Sheikh Mohamed bin Zayed Al Nahyan chaired the annual ADNOC Board of Directors meeting, held at ADNOC Headquarters. The board directed ADNOC to pursue Net Zero emissions by 2050, supporting the UAE’s strategic initiative.

The Middle East and North Africa (MENA) IPO market is demonstrating resilience despite global economic…

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), is set to acquire a majority stake of 54 per cent in MBC Group from the Ministry of Finance, represented by Istedamah Holding, for a total of $2B (SAR 7.5B).

The United Arab Emirates has secured a record-breaking $16 billion in greenfield foreign direct investment…