Friday , 24 January 2020

Tag Archives: Investment

Abu Dhabi’s Mubadala ‘not in a rush’ on Softbank’s tech fund investment

The state fund is now focused on over 80 companies in Vision Fund 1. Abu Dhabi state fund Mubadala Investment Co. is assessing the strategy of Vision Fund 2, Softbank’s second technology fund, and is currently focused on the companies in the first fund, according to one of its senior executives. “We are not in a rush to make a …

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Renewables: The full potential of the UAE economy

Investment opportunities in UAE’s renewable energy sector and relevant structures for them As the prices of crude oil and gas dropped in recent years, countries whose economies relied on non-renewable resources were alerted to the pressing need of diversifying their interests. On the other end of the spectrum, steady population growth, rising energy demand, concerns of climate change and decreasing …

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The CISI and Abu Dhabi global market academy partner to elevate financial education in UAE

Our Principal Partner, the APO Group will present the inaugural APO Group African Women in Media Award as part of #AWIEFAwards 2019. This prestigious award will recognise and celebrate a woman journalist who supports female entrepreneurship in Africa. The winner stands a chance to win a 2500 USD cash prize, an all-expenses paid trip to an International Women’s Forum and …

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Dubai FDI’s Global Promotional Investment Team announces preparations for investment mission to China

Dubai high-level delegation to lead ‘Dubai Advantage Forum 2019’ in Shanghai on June 24 Roundtable discussion and series of meetings to be held in Shenzhen set to expore investment partnership opportunities In support to the UAE’s important role as a ‘vital station along the new Silk Road’ as reflected in the latest agreement between China and the UAE valued at …

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Can banks do more to support SMEs in the UAE?

SMEs are the backbone of the UAE’s economy, accounting for around 94%of businesses in the country Against a backdrop of geopolitical and economic instability, the financial services industry has a crucial role to play in helping SMEs navigate a challenging climate. Beyond simple financing products, banks can support SMEs by providing a broader range of tools to enable them to …

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5G is the ‘Future of Connectivity’ and a game changer for the telecom industry, says Etisalat Chief

Etisalat to invest AED 4 billion during 2019 in digital transformation, the mobile and fiber network Etisalat’s pioneering efforts in 5G will pave the way for the ‘Future of Connectivity’ with innovation and digital transformation taking centre stage and leading the company to play a greater role in the digital lives of consumers and enterprises, said Hatem Bamatraf, Chief Technology …

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MENA eyes $2.3bln investment in smart cities tech by 2021

Public-private partnerships seen as key force that will help accelerate such undertakings in region Investments in technologies enabling smart cities in the Middle East and Africa (MEA) region is expected to hit the $2.3-billion mark by 2021 as per the estimates of International Data Corporation. Given that large funding is needed to build smart cities, public-private partnerships (PPPs) are seen …

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Dubai ranks first globally in attracting FDI for artificial intelligence

Digitalisation is becoming an increasingly important part of globalisation Dubai ranked first globally in attracting foreign direct investments (FDIs) for artificial intelligence and robotics; while the UAE ranked sixth in the global Smart Service Index, surpassing the US, UK and South Korea. The Emirate has attracted from 2015 to 2018 $21.6 billion worth of FDI in high-end technology transfers, with …

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Emerging technology giants confirm attendance for the inaugural Abundance 360 Summit in March 2019

Dubai hosts Inaugural Abundance 360 Summit in March 2019 Event held under the patronage of His Highness Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Executive Council, Chairman of the Board of Trustees at Dubai Future Foundation. Dubai: A world-class speaker line up has just been announced for the signature Abundance 360 (A360) Summit, …

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Abu Dhabi’s Hyperloop to cost ‘$20mln-$40mln per km’, recoup investment in ‘8-15 years’

The first phase of the project involves construction of 10km out of a 150km system between Abu Dhabi and Dubai and is set to be ready next year The world’s first commercial hyperloop system, which is set to open in Abu Dhabi in 2020, will cost “between US$20 million to US$40 million per kilometre,” Bibop Gresta, Chairman of Hyperloop Transportation …

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