Ireland trade minister: Saudi Arabia offers ‘extraordinary opportunity’ for Irish firms looking to invest

4256286 620765074

RIYADH: Saudi Arabia’s dynamic business environment is continuously drawing attention from international companies, and now Estonian ride-hailing giant Bolt is looking to expand its operations in the Kingdom.  Established in 2013, the company has become a prominent player in the global mobility industry, operating in 45 countries and 500 cities, with a current valuation of €7.4 … Read more

BP plans to invest $1.5bn in Egypt gas projects 

4252071 118015668

RIYADH: The Saudi capital finds itself in global competition with cities like New York and Tokyo for a skilled workforce, according to its mayor. With a population exceeding 7 million, the city is experiencing an ongoing transformation as it becomes a hub for attracting talent and boosting entrepreneurship. In an interview with Arab News at … Read more

Qatar to invest $10.85bn in key sectors of French economy: Elysee 

4250601 1613969148

PARIS: France and Qatar have sealed a strategic partnership under which Qatar has agreed to channel €10 billion ($10.85 billion) into start-ups and investment funds in France between 2024 and 2030, the French presidency said in a statement.  The investments “to the mutual benefit of both countries” will target key sectors ranging from energy transition, semiconductor, aerospace, artificial intelligence, … Read more

Goldman Sachs, Mubadala sign $1bn private credit partnership to invest in Asia Pacific 

4247131 1004387865

RIYADH: Saudi Arabia’s 5G coverage is almost double the global average of 42 percent thanks to “really good operators that have high demands,” according to a senior industry executive. Speaking to Arab News, Pekka Lundmark, CEO of telecommunications firm Nokia, underlined how the Kingdom’s 77 percent coverage rate marks it out compared to several parts … Read more

BP to invest up to $1.5 billion in oil exploration in Egypt

4236656 1317739040

RIYADH: Innovation is a priority for HSBC Saudi Arabia as it aims to enhance its offerings, according to the bank’s CEO. Faris Al-Ghannam, CEO and board member of HSBC Saudi Arabia, provided a comprehensive overview of the financial institution’s prospective plans, along with the Kingdom’s economic landscape and the investment opportunities it presents.  In an … Read more

Invest Saudi gears up to lead high-level delegation to world’s top real estate event

4224736 786888573

RIYADH: Achieving global power security is everyone’s responsibility, according to Saudi Energy Minister Prince Abdulaziz bin Salman.  Speaking at the International Petroleum Technology Conference in Dahran on Feb. 12, the minister said that the Kingdom is continuously working toward ensuring market stability.  He added that Saudi Arabia has significant surplus oil production capabilities. “We are … Read more

Saudi Arabia leads IPOs in GCC region: KAMCO Invest

4194831 1560026137

Saudi Arabia emerging as a ‘continent in itself’ with array of tourist destinations, forum hears RIYADH: Saudi giga-projects are shifting the country’s image from a religious destination to a multifaceted tourism hub, real estate experts claimed at special event in Riyadh. Driven by the “clear vision” of Crown Prince Mohammed bin Salman, the nation is … Read more

Turkiye’s Tosyali Holding to invest $5bn in Saudi steel plant

4186341 1139531116

RIYADH: A global promise of net zero will be unmet unless the societal impact on vulnerable nations, access, and affordability is considered, experts said.  A panel of ministers, private sector players, and specialists at the World Economic Forum in Davos, Switzerland, sought to address how ambitious sectoral transitions can be aligned with equitable and socially responsible … Read more

MENA bond issuances surge $95.9bn in 2023, reports KAMCO Invest 

4180276 1558901030

RIYADH: Aggregate bond issuances in the Middle East and North Africa region reached $95.9 billion in 2023, marking an 18.98 percent increase compared to 2022.  According to a report released by KAMCO Invest, this growth was propelled by higher issuances from corporates in the region, compensating for the decline in issuances by MENA sovereigns.  The … Read more

BlackRock to invest up to $400m in Dubai decarbonization firm Positive Zero

4144591 1166663646

DUBAI: BlackRock has agreed to invest up to $400 million in Dubai-based decarbonization company Positive Zero through a diversified infrastructure fund, Positive Zero said in a statement on Monday according to Reuters. The investment will help Positive Zero, a decentralized decarbonization infrastructure business, with its goal of boosting energy transition projects in Gulf countries, it said.