invest

TAQA Morocco aims to invest $1.6 billion in renewable energy solutions in Morocco to increase electricity production by 50 percent by 2030. Owned by Abu Dhabi National Energy Co., the company plans to diversify its activities in clean…
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Bitcoin, the leading cryptocurrency internationally, traded higher on Wednesday, rising by 0.32 percent to $40,204.12 as of 9:00 a.m. Riyadh time. Ether, the second most traded cryptocurrency, was priced at $3,067.40, up by 1.79 percent,…
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Oil futures extended gains on Tuesday as the US and Europe planned new sanctions to punish Moscow over alleged war crimes by Russian troops in Ukraine, adding to concerns about supply disruptions, while Iran nuclear talks stalled. Brent…
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German energy storage firm H2 Industries will invest $3 billion to establish a green hydrogen plant in Egypt, Asharq reported, citing the firm’s CEO Michael Stauss. Located east of Port Said, the plant will have a production capacity of…
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General Motors said Tuesday it will invest $7 billion in Michigan, much of that aimed at dramatically boosting production of full-size electric pickups, intensifying a battle with rival Ford Motor for EV supremacy in North America. This…
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The Capital Market Authority (CMA) allowed the financial market institutions to accept the subscriptions of non-Saudis in the real estate funds that invests in assets within the boundaries of Makkah and Madinah, according to a released…
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Saudi Arabia’s Ministry of Investment has signed an initial agreement with global bank HSBC to “identify and promote” sustainable investment opportutinites. The agreement was signed at the Future Investment Initiative conference in…
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TIER, Europe’s micro-mobility company, announced the first close of its $200 million Series D funding round led by previous investors SoftBank Vision Fund 2, Mubadala Capital and adds new partners like M&G Investments, a green impact…
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The entrepreneurship unit of Aramco, Wa’ed, was one of the investors in Joi Gift’s recent funding round that gained $2.5 million in proceeds. Joi Gifts is an online marketplace for gifts, which operates in eight countries, including…
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Logistics operator DP World is investing £300 million ($414.8 million) to build a fourth berth at its London Gateway hub. Construction will begin in October, the Dubai company said in a statement, as it aims to boost capacity for large…
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