The French family office Zaka Investments has just completed the purchase of a unique property at number 20 of the emblematic Madrid Gran Vía for more than 44 million euros. The asset, which until now hosted offices of the Government of the Community of Madrid, will be transformed into a luxury hotel operated by the…
The United Arab Emirates is the most prosperous Arab nation according to the latest Legatum Prosperity Index that saw Saudi Arabia improve its prosperity more than any other country in the MENA region, climbing 14 ranks in 10 years. The prosperity index, in its thirteenth year, assesses how well 167 countries promote the economic and…
The senior authorities of Saudi Arabia have ordered all the Committees of the 2030 Vision Realization Program in order to present an action plan to the Strategic Committee of the Economic and Development Affairs Council (CEDA) to activate the role of the private sector as an investor and a financial element in the implementation of…
The newly appointed president of the Lebanon Investment Development Authority (IDAL) has declared that the country is open to new business. During a panel session at the Arab Entrepreneurs and Investors Conference (ABIC) in Bahrain, said “You can sell human resources, Lebanese talent, Lebanese entrepreneurship. Lebanon is an outsourcing center for technology companies and there…
How much have the Saudis invested in Silicon Valley? Billions of dollars. In the past five years, Saudi investors have participated directly in investment rounds totaling at least $ 6.2 billion. Since the exact composition of each round is not public, it is not possible to say how much of this money came directly from…
Saudi Arabia, the world’s largest oil exporter, is considering investing USD 100 billion in India in areas of petrochemicals, infrastructure and mining considering the country’s growth potential. Saudi Arabia is looking to make investments in India in the areas of energy, refining, petrochemicals, infrastructure, agriculture, minerals and mining. The partnership proposed by Saudi Arabia’s largest…
The Indian company Oyo Rooms has communicated its interest in creating new job opportunities for young Saudis after making a commitment of 4 billion rials (Dh3.9bn) with the tourism sector of the kingdom of Saudi Arabia. Oyo, with the backing of Softbank, plans to buy 10 new hotels in the premium and luxury segments. After…
Bahrain will organize the 18th Arab Conference of Entrepreneurs and Investors (ABIC) and the 3rd edition of the Global Forum of Investment Entrepreneurs 2019 (WEIF 2019) in November. The events will be held under the patronage of His Majesty King Hamad bin Isa Al Jalifa from November 11 to 13 with the motto: “Fourth Industrial…
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The roundtable of exclusive investors was organized by the Business Leaders Forum (BLF), an initiative of the UAE Ministry of Economy, the Embassy of India in the UAE and the Consulate General of India in Dubai. Addressing investors, the Chief Minister said: “Tamil Nadu has been taking several initiatives to promote even more sectors such…
