Browsing: investment

RIYADH: In Saudi Arabia, a dynamic transformation is unfolding within the entrepreneurial landscape, powered by the robust growth of venture capital, which achieved an impressive 86 percent compound annual growth rate from 2019 to 2023.   

Egypt in February signed a $35 billion investment partnership agreement with the United Arab Emirates to develop the peninsula, in one of the biggest deals of its kind

RIYADH: Private sector investments in Saudi Arabia’s industrial field more than doubled in the first quarter of 2024, surpassing SR7 billion ($1.8 billion), according to official data. 

The Russian Ministry of Economic Development has raised its 2024 forecast for the country’s growth, citing domestic consumer and investment demand.

The investment banking firm also forecasts the North African country’s inflation rate to drop to 20% by end-2024

Saudi Arabia and the UK will hold a trade expo in Riyadh in May 2024, which will showcase investment opportunities aligned with Vision 2030.

The agreements, span renewable energy, green metals, railway, and digital infrastructure and technology investments

The bitcoin market on Friday engineered the “halving” of the reward for operating the cryptocurrency, a much-anticipated step designed to limit production and boost the digital money.

JEDDAH: In the heart of Saudi Arabia, amidst the towering skylines of Riyadh, Jeddah and Dammam that have long symbolized the nation’s economic strength, a new narrative is taking shape. It is a story of decentralized development, where attention is shifting away from the bright lights of the cities to the lesser-explored corners of the Kingdom.

Microsoft is to invest $1.5 billion in United Arab Emirates artificial intelligence firm G42, taking a minority stake and a seat on the board, the companies said on Tuesday.