Business Saudi PIF company Alat to invest $100 billion in the country’s tech sector by ccadm April 2, 2024 April 2, 2024 Saudi Arabia’s Alat has announced four partnerships with global technology companies – Softbank Group, Carrier Corporation, … 0 FacebookTwitterPinterestEmail
Business EDGE and Fincantieri launch joint venture to build naval vessels in Abu Dhabi by ccadm April 2, 2024 April 2, 2024 Abu Dhabi’s EDGE, an advanced technology and defence group and shipbuilding company Fincantieri have agreed to … 0 FacebookTwitterPinterestEmail
Business flydubai’s 2023 net profit soars 75% to Dh2.1 billion by ccadm April 2, 2024 April 2, 2024 Dubai-listed aviation firm flydubai has recorded a net profit of Dh2.1 billion (US$572 million) for the … 0 FacebookTwitterPinterestEmail
Business Saudi Arabia seeks to become global hub for artificial intelligence, says PIF governor by ccadm April 2, 2024 April 2, 2024 Sustainability, education, healthcare, artificial intelligence (AI), and robotics are expected to become the recipients of significant … 0 FacebookTwitterPinterestEmail
Business UAE removed from Financial Action Task Force grey list by ccadm April 1, 2024 April 1, 2024 The Financial Action Task Force (FATF), responsible for combating money laundering and terrorism financing globally, has … 0 FacebookTwitterPinterestEmail
Business Mubadala, Goldman Sachs ink $1 billion partnership for Asia-Pacific private credit expansion by ccadm April 1, 2024 April 1, 2024 Abu Dhabi’s Mubadala Investment Company and Goldman Sachs have formed a $1 billion partnership to co-invest … 0 FacebookTwitterPinterestEmail
Business Saudi Arabia’s Public Investment Fund acquires 40% stake in Zamil Offshore by ccadm April 1, 2024 April 1, 2024 Saudi Arabia’s Public Investment Fund (PIF) has acquired a 40% stake in Zamil Offshore Services Company … 0 FacebookTwitterPinterestEmail
Business Dubai’s du receives fintech licences from CBUAE by ccadm April 1, 2024 April 1, 2024 Emirates Integrated Telecommunications Company (EITC) has received licences from the Central Bank of the UAE (CBUAE) … 0 FacebookTwitterPinterestEmail
Business Bahrain’s Mumtalakat acquires full control over McLaren Group by ccadm April 1, 2024 April 1, 2024 Bahrain’s sovereign wealth fund Mumtalakat has acquired full ownership of luxury automaker McLaren Group, obtaining a … 0 FacebookTwitterPinterestEmail
Business Luxury EV automaker Lucid secures $1 billion in funding from PIF affiliate by ccadm April 1, 2024 April 1, 2024 Saudi Arabia’s Ayar Third Investment Company, an affiliate of the Public Investment Fund (PIF) has agreed to invest … 0 FacebookTwitterPinterestEmail