Bahrain unveils new investment platform to lure funding for projects

Bahrain’s Economic Development Board (EDB) launched; an investment platform that allows investors to access investment opportunities in the Kingdom’s strategic projects, Trade Arabia reports. The platform enables, the board said in the statement, investors to explore current investable and Read more

Saudi Arabia’s Aramco invests in Chinese brain-computer interface platform NeuraMatrix

The world’s largest oil exporter and Saudi Arabia’s largest company, Aramco, has joined investors in funding China’s brain-computer interface platform, NeuraMatrix, Arab News reports. NeuraMatrix, has closed $15.6 million Series A financing round led by Huagai Capital and Prosperity7 Ventures, Read more

Egypt greenlights SODIC’s acquisition by Abu Dhabi-based Aldar Properties

Egypt’s Financial Supervisory Authority (FSA) has approved Abu Dhabi-headquartered Aldar Properties’ bid to acquire real estate developer SODIC, Zawya reports citing the Emirati Company. Aldar Properties made the offer to acquire 90 per cent of Al Sheikh Zayed City-based Company Read more

Qatar, Oman ink six agreements in several areas including taxation, military & investment

Qatar and Oman signed Monday six deals panning several areas, including military cooperation, taxation, tourism, ports, labor and investment as the sultanate seeks foreign investment to boost its battered economy. The agreements came in the framework of a two-day visit Read more

Saudi Arabia to host in February world’s largest tech event

The kingdom of Saudi Arabia will host in February 2022, the largest technology event ever, LEAP, with global experts expected in the attendance. Set to take in Riyadh Feb.1-3, LEAP according to organizers, is set to become a global platform Read more

Qatar, Brazil sign military cooperation agreement

Qatar and Brazil signed Wednesday a military cooperation agreement on the sideline of the visit Brazilian president Jair Bolsonaro is paying to the Gulf country. The Qatari Defense Minister, Khalid Al-Attiyah and his Brazilian counterpart, Walter Souza Braga Netto initialed Read more