Trending
- Abu Dhabi’s Mubadala Capital plans $13.5bln biofuels investment in Brazil – FT
- Private investment fuels race for nuclear fusion power in US
- The geopolitics of Africa’s debt crisis
- Norway’s Scatec, Orascom-led consortium to build 2 wind power plants in Egypt with $9bln investments
- Egypt: Mazaya Developments launches 4th project in New Capital with $104mln investment
- 211,000 projects financed through Mashrou’ak program at $590mln: Egypt’s minister
- Trade exchange between Egypt, Kuwait totals $3bln in 2023: CAPMAS
- Saudi Arabia’s non-oil revenues up by 9% in Q1 2024: MoF
Economy
Mubadala Capital, the wholly owned subsidiary of Abu Dhabi sovereign investor Mubadala Investment Company, is planning to invest $13.5 billion in the biofuels sector in Brazil over the next decade.
CAIRO: Startups in Egypt have started to gain momentum with several ventures securing funding to boost expansion efforts to the Kingdom.
RIYADH: In Saudi Arabia, a dynamic transformation is unfolding within the entrepreneurial landscape, powered by the robust growth of venture capital, which achieved an impressive 86 percent compound annual growth rate from 2019 to 2023.
RIYADH: Saudi Arabia’s business environment has witnessed a drastic shift in recent years as employers consider artificial intelligence a critical tool for their operations.
The “weaponization” of the US dollar through the seizure of frozen Russian assets could prompt a global shift away from the greenback, Bloomberg reported on Wednesday, citing a former International Monetary Fund (IMF) official.
Slow economic growth will push France out of the list of the world’s ten largest economies within five years, according to an updated global outlook from the International Monetary Fund.
Russia’s financial stability will not be affected if the US seizes its frozen assets, Bank of Russia Governor Elvira Nabiullina told journalists on Friday.
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