Tuesday , 17 October 2017

Tag Archives: fund

New $250 million Dubai tech fund to target 15 investments

The new $250 million technology investment fund launched on Wednesday by Middle East Venture Partners (MEVP) will invest in about 15 companies, including a number of its existing portfolio companies, CEO Walid Hanna has said. Speaking to Zawya on the sidelines of the launch in Dubai, Hanna said he was “absolutely confident” of being able to source enough investible businesses. …

Read More »

Bahrain sovereign fund CEO says hopes to invest in Aramco IPO

ST PETERSBURG, Russia Bahrain’s sovereign wealth fund Mumtalakat hopes to take part in the initial public offering (IPO) of shares in Saudi state oil giant Aramco, the fund’s CEO told Reuters, predicting additional opportunities from the kingdom’s reform program. Saudi Aramco, the world’s biggest oil producer, plans to list around 5 percent of its stock on multiple exchanges next year …

Read More »

Prince Alwaleed Joins Bill Gates in Supporting Energy Investment Fund with $50 Million

HRH Prince Alwaleed Bin Talal Bin Abdulaziz AlSaud, Chairman of Alwaleed Philanthropies, announced supporting the Breakthrough Energy Ventures (BEV) with $50 million, through joining Bill Gates and members of the Breakthrough Energy Coalition (BEC) in their commitment to invest more than $1 billion in energy technologies. Breakthrough Energy Ventures (BEV) is an investor-led fund that will finance emerging energy breakthroughs …

Read More »

MoF organises workshop for the launch of the ‘HH Sheikh Mohammed bin Rashid Al Maktoum Fund to Finance Innovation’ pilot phase

As part of its commitment to support the federal government’s directives with regards to innovation, the Ministry of Finance ( MoF ), organised earlier this month, a workshop for the launch of ‘HH Sheikh Mohammed bin Rashid Al Maktoum Fund to Finance Innovation’ pilot phase, at its premises in Dubai. The fund was announced during ‘UAE Innovation Week’ and is …

Read More »

IDC to Support UAE ICT Fund as Knowledge Partner for ICT Entrepreneurship and Innovation Strategy for the UAE

International Data Corporation (IDC), the premier global provider of market intelligence and advisory services for the ICT sector, announced today the commencement of a strategic consulting project with the UAE ICT Fund to develop long-term plans for the growth and expansion of the country’s information and communications technology (ICT) sector. This large-scale study will analyze the current state of the …

Read More »

Itqan plans $200m fund targeting education

A Saudi-based investment firm is planning to launch a first-of-its-kind private equity fund in the Middle East that will solely focus on investment in the fast-growing education sector in the Gulf region, its top executive said. Itqan Capital, a unit of Bahrain’s Al-Baraka Banking Group, is eyeing up to $200 million for the fund that it plans to launch with …

Read More »