Investment

Colossal investments and expenditures in regions such as the EU and Japan are keeping the energy sector intact despite the pressure that central banks are facing because of the sector. Looking at the Bigger Picture: New EU plants…
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Saudi and Qatari companies signed agreements in the hospitality and tourism sectors at the Saudi-Qatari Business Forum in Doha on Wednesday. The forum was organized by the Federation of Saudi Chambers and Qatar Chamber, with…
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Turkey welcomed Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al-Nahyan, the UAE’s de facto ruler, on Nov. 24, marking the highest-level visit to Ankara since a nearly decade-long disagreement between the two countries. The visit…
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Coal and oil-fired power generation projects will find it difficult to secure investments, BlackRock Inc. Managing Director Eduard Ruijs said on Wednesday. Natural gas-fired power plant projects could find investments, he told an energy…
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US investment app Robin Hood announced a security breach on November 3rd, exposing the data of up to 7 million users (a third of its user base). The financial services company said in an official statement that the hackers seized the…
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Indonesia’s president was on Wednesday hoping talks in the UAE would help provide a crucial investment shot-in-the-arm toward driving forward plans to relocate his country’s capital from Jakarta to the island of Borneo. Joko Widodo wants…
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Bahrani investment company Investcorp has ambitious plans to be a 100-billion-dollar company in seven years, its chief Mohammed Al-Ardhi said, saying the company is currently valued at nearly $40 billion. “We believe in about seven years…
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Technology giant Huawei announced a $15 million investment to promote the use of cloud computing in the Middle East. The investment, to be deployed over the next three years, will benefit more than 100 small and medium-sized enterprises…
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Customer engagement startup Unifonic has raised $125 million in its latest funding round led by SoftBank and a unit of the Public Investment Fund. News of the deal first came out in June, but was only officially announced on Wednesday,…
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Sudan’s Prime Minister Abdullah Hamdok said a Saudi pledge to invest $3 billion in his country could rise to $10 billion as the country looks to rebound from an economic crisis. “In our last visit to Saudi Arabia, we met the crown prince…
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