Investment
Egypt has Secured Investment Deals Totaling $340 Million to Enhance its Oil and Gas Production.
Summary: In Cairo, Egypt’s Ministry of Petroleum and Mineral Resources has signed two agreements with international companies, totaling an investment of $340 million, to enhance oil and gas production in…
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Saudi PIF Invests $590M in Magic Leap’s VR Headset Competing with Apple’s Vision Pro
Summary: Saudi Arabia’s Public Investment Fund has injected $590 million into Magic Leap, a US firm known for its immersive…
Infineon to Invest $8 Billion in Malaysia’s Chip Industry
Summary: Malaysia is enhancing its role in the global supply chain with Infineon Technologies AG's new major semiconductor manufacturing complex…
Anduril Secures $1.5 Billion in Funding at a $14 Billion Valuation
Summary: Defense tech startup Anduril has secured a $1.5 billion funding round, elevating its valuation to $14 billion. Founded by…
How Former Tesla Employees Built $10 Billion in U.S. Clean Energy Investments
Summary: At a former steel mill in West Virginia, a newly completed factory is now producing "iron-air" batteries, capable of…
Deloitte Forecasts Saudi Retail Real Estate Sales Will Hit $183 Billion By 2027
Summary: Saudi Arabia’s retail real estate sales are expected to rise from 2.4% in 2024 to 2.7% by 2027, reaching…
Over AED 48 Billion Redirected into UAE Economy by National ICV Program in H1 2024
Summary: The National ICV Programme of the Ministry of Industry and Advanced Technology (MoIAT) has achieved a significant milestone in…
Egypt to Launch Saudi Investment Office in Cairo
Summary: “We agreed with Saudi Arabia to pump new investments in Egypt since we prioritize the Kingdom’s investments in the country,” CEO…
Egypt Achieves 6.1% Primary Budget Surplus for 2023/24
Summary: Egypt recorded a 6.1% primary budget surplus for the fiscal year 2023/24, supported by a landmark sale of coastal…