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  • Will growing Saudi investment in Iraq hit Iranian roadblock?

    Gulf Arab investment in Iraq has swelled in recent years, signaling a new and widening rapprochement with Baghdad. Yet, while Iran and Saudi Arabia last year agreed to normalize relations, it is unclear whether Arab investment in Iraq—without stoking Iranian ire—is tenable. Riyadh and its Arab neighbors recognize that any move against their interests by Iran-backed  Iraqi armed groups would undermine the investments that their broader strategy depends on.

  • Thailand investment body opens first Middle East office in Saudi Arabia

    The Thai Board of Investment (BOI) officially inaugurated its office in Saudi Arabia to capitalize on investment potential and regional cooperation. This marks its first office in the Middle East, launched during the "Saudi-Thai Investment Forum" held in Riyadh on Sunday, with senior government officials and business leaders from both countries in attendance.

  • Saudi Arabia tops MENA for venture capital investment in H1 2024

    Saudi Arabia has taken the top rank across MENA in terms of the amount of venture capital (VC) funding in H1 2024, with about $412 million, according to venture data platform MAGNiTT.  The Saudi venture investment market began the year in line with its performance in H1 2023, with non-mega deals accounting for 68% of the value of venture investment in H1 2024, up from 35% in H1 2023, according to MAGNiTT.

  • Green Hydrogen: Air travel could go renewable as future fuel investment skyrockets in UAE, Saudi Arabia

    With massive intent and investment, Middle Eastern countries, led by the UAE and Saudi Arabia, are in pole position to reap the benefits as green hydrogen inches closer to becoming the preferred fuel of the future. Last week, a study undertaken by Sweden’s Chalmers University of Technology, said that almost all air travel within a 1200-kilometre radius could be made with hydrogen-powered aircraft by 2045. The Chalmers project is also working on a heat exchanger, which will enhance this range even further.

  • Saudi-European Investment Relations Enhance Global Economic Stability

    External financial bonds, including Eurobonds, constitute an important aspect of Saudi investments, experts told Asharq Al-Awsat. This came after the Ministry of Finance denied, on Tuesday, that the Kingdom had threatened to sell Eurobonds, according to a statement attributed to the ministry and reported by Bloomberg. The ministry stressed that Saudi relations with the G7 and other countries were based on mutual respect, pointing to ongoing discussions over matters that promote global growth and the flexibility of the international financial system.

  • Beijing eyes more investments from Saudi sovereign wealth fund

    The mayor of Beijing has told the governor of Saudi Arabia's sovereign wealth fund he hoped the fund would further expand its business in the Chinese capital, state media said on Wednesday. Beijing's diplomatic push to court U.S. ally Saudi Arabia comes amid its frustration over what it sees as Washington's weaponisation of economic policies, nudging it to expand ties with countries in Europe, the Middle East and Africa.

  • H1 2024 Emerging Venture Markets Venture Investment Summary

    Did you know that Southeast Asia captured 64% of total EVM funding in H1 2024 with a staggering $2.2Bn, while Africa faced a steep 57% decline? Our Free H1 2024 Emerging Venture Markets Venture Investment Report provides an overview analysis of the venture capital landscape across South East Asia (SEA), Africa, and the Middle East, Pakistan, and Turkiye (MEPT). This free report offers a summary of the latest trends, pivotal insights, and valuable comparisons across these dynamic markets.

  • Impact of healthcare investments on Saudi Arabia’s economy

    A country's economic performance is inextricably linked to its population's well-being, since a healthier population results in a more efficient workforce. Recognising this vital relationship, Saudi Arabia has prioritised healthcare reform as part of its ambitious Vision 2030.

  • Saudi Arabia expands footprint in Djibouti with major investment projects

    The Saudi Ajyal Petroleum and Energy Company laid a cornerstone for the $12.7 billion refinery project in Djibouti Damerjog International Park (DDIP), south of the country’s capital, earlier this week with the presence of Abdoulkader Kamil Mohamed, the Prime Minister of Djibouti. An agreement to create Saudi Logistics City in the Djibouti port free zone was reached earlier this month by a group of Saudi businessmen.

  • Why Pakistan is looking to Saudi Arabia and the UAE to ramp up investment

    Pakistan’s less-than-four-month-old government is pursuing a two-track approach to stabilize the country’s long-troubled economy. It is engaged in lengthy negotiations with the International Monetary Fund (IMF) to secure at least $6 billion in loans to shore up its ability to service its external debt. At the same time, Islamabad is also trying to woo its Gulf allies, most notably Saudi Arabia and the United Arab Emirates, in a bid to diversify its sources of external financing, address the lingering threat of insolvency, and put its economy on an upward trajectory of sustainable growth.