Tag: Investments

UAE, Saudi eye big investments in AI, semiconductor sectors

The UAE and Saudi Arabia have big ambitions to expand their technology sectors via investments in semiconductor and AI capabilities, according to technology experts. The...

UAE-China Business Forum explores strategies to enhance bilateral trade and investments

-Ahmed bin Mohammed attends the event, which coincides with celebrations to mark 40th anniversary of the establishment of diplomatic relations between the two countries-...

Goldman Sachs removes bankers’ bonus limit

The investment bank Goldman Sachs has become the first to remove its cap on bankers' bonuses following changes to UK laws introduced last year. The...

Investment Funds’ Assets Surge to SAR122 Billion in Saudi Market by End of 2023

The assets of local and foreign investment funds in the Saudi market totaled SAR122.578 billion at the end of the fourth quarter (Q4) of...

Saudi Arabia Witnesses Three Years of Consecutive Private Equity Investment Growth, Closing 2023 with $4Bn Worth of Transactions

The "2019-2023 Saudi Arabia Private Equity Report" revealed that the Kingdom has witnessed a remarkable surge in Private Equity (PE) activity over the past...

Saudi Arabia plans $40 bln fund for AI investments: Report

Saudi Arabia’s government plans to create a fund of about $40 billion to invest in artificial intelligence, the New York Times reported on Tuesday,...

UAE investments abroad hit $2.5 trillion in beginning of 2024: Secretary-General UAEIIC

The UAE has solidified its position as a leading regional and global player in foreign direct investment, according to Jamal Bin Saif Al Jarwan,...

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Info Edge commits Rs 250 crore to new B8 Fund I to back growth-stage tech startups in India

Info Edge has approved a commitment of up to...

Scoop confirmed: AI platform MeltPlan raises $10 million to make construction boring

MeltPlan, a pre-construction AI platform, today said it has...

Indian agentic AI startup Gushwork raises $9 million to expand engineering teams

Gushwork, an agentic AI startup raised a $9 million...

Nvidia forecasts upbeat sales on AI chip demand, talks up long-term prospects 

SAN FRANCISCO: Chipmaker Nvidia forecast first-quarter revenue above market estimates...

IIT Madras alumnus-founded deeptech startup Tattvam AI raises $1.7 million in funding

Tattvam AI, a deeptech startup building AI systems to...