RIYADH — Saudi Arabia has localized 19.35% of its military spending, a significant increase from 4% in 2018, with plans to exceed 50% by 2030. The announcement came from Eng. Ahmed Al-Ohali, Governor of the General Authority for Military Industries (GAMI), during a panel discussion at the 2024 Local Content Forum in Riyadh on Thursday. Al-Ohali highlighted the growth in licensed entities in ...

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BlackRock is open to investing in IPOs in the Middle East as cornerstone investors as the world’s biggest asset manager pushes ahead in its drive to increase its presence in the region. “We already have a number of emerging market funds which would have the ability to take part in IPOs in the region, and I think our investment appetite is global,” said Ben Powell, Chief Middle East ...

Nov 26, 2024 · Kuwait is planning to build solar power plants in partnership with Chinese companies at a cost of more than $800 million, a newspaper reported on Wednesday. The IPP (Independent Power Producer) project involves Shagaya 3 and 4 solar power plants and will be a joint venture between the Kuwaiti and Chinese governments as well as a company listed on Kuwait’s bourse, Alqabas Arabic language ...

Dec 23, 2024 · 30 top venture capitalists lead the charge. Saudi Arabia leads with 11 entries, followed by the U.A.E. with 10. Jabbar Internet Group is the oldest-standing VC featured. Dubai: Forbes Middle East has unveiled its inaugural list of the region’s Top Venture Capitalists for 2024, recognizing the most active and influential venture capital …

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Dec 12, 2024 · RIYADH-- Saudi Arabia and the United Kingdom emphasized on Thursday the importance of strengthening their economic partnership, and reaffirmed commitment to increasing bilateral trade to USD 37.5 billion by 2030. This was stated in the joint statement issued at the conclusion of the visit of Prime Minister of the United Kingdom of Great Britain and Northern Ireland Keir Starmer to the Kingdom ...

Dec 22, 2024 · A top Saudi bank has joined the cap table of Abu Dhabi wealth tech firm Alpheya as it looks to roll out live services over the coming year. Alpheya, which received a $300 million investment from the USA’s BNY, then known as BNY Mellon, and Abu Dhabi alternative investors Lunate after it was launched in 2023, now has a fully operational team and is deploying and testing on the client side. It ...

Nov 6, 2024 · KSA dominated listing activity with three IPOs The third quarter saw the region’s first non-GCC listing this year in Egypt Dubai, UAE – According to the EY MENA IPO Eye Q3 2024 report, listings in the MENA region marked a significant year-on-year (YoY) increase in value at 76.8%. The third quarter saw five IPOs in the Kingdom of Saudi Arabia (KSA), the United Arab Emirates (UAE) and Egypt ...

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