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saudi public investment fund ranks second in global sovereign investment activity
Saudi Arabia’s Public Investment Fund (PIF) ranked as the world’s second most active sovereign investor in February, committing $3 billion across three overseas deals. This surge reflects a strategic shift towards global opportunities, with PIF managing $925 billion in assets and focusing on sectors like healthcare and gaming. Notable moves include increased stakes in Lucid Motors and Amazon, alongside a $3.5 billion acquisition of Niantic’s gaming division.
global insights into cell therapy manufacturing market trends and opportunities
Coherent Market Insights, headquartered in India with offices in the U.S., UK, and Japan, provides reliable market reports across various sectors in over 57 countries. Their research on the Cell Therapy Manufacturing Market includes insights on market dynamics, competitive analysis, and growth potential, aiding clients in informed decision-making and strategic planning. The report highlights key trends, driving factors, and profiles of major players, ensuring clients stay updated on industry developments.
global pyridine market growth trends and opportunities forecast 2024 to 2031
The Pyridine Market is projected to grow at a CAGR of 5.5% from 2024 to 2031, driven by increasing demand in pharmaceuticals, agrochemicals, and food additives. Key players include Red Sun Group, Koei Chemical Co. Ltd, and Lonza Group Ltd. The report provides a detailed analysis of market trends, regional insights, and competitive dynamics.
gcc electric vehicle market projected to reach ten billion by 2034
The GCC electric vehicle market is projected to grow from $1.62 billion in 2024 to $10.44 billion by 2034, driven by sustainability initiatives and supportive government policies, achieving a CAGR of 22.3%. Saudi Arabia is leading the region with a national EV manufacturing hub and integration into public transport, while global automakers expand their presence. Despite challenges like high upfront costs, advancements in battery technology are expected to narrow the price gap, further boosting EV adoption.
Lulu expands presence with new hypermarket in Mecca and future stores
UAE retail giant Lulu has inaugurated a new hypermarket in Mecca and plans to expand its presence by opening over 45 new stores across the GCC within the next three years. This expansion includes three new projects specifically in the holy city of Medina.
global energy demand surges driven by renewables and emerging economies
Global energy demand surged by 2.2% in 2024, driven by rising electricity consumption, particularly in emerging economies. Renewables led the growth, accounting for 38% of the energy supply increase, while oil demand growth slowed to 0.8%, marking a historic drop in its share of total energy demand below 30%. Despite a rise in CO2 emissions, the adoption of clean technologies has significantly mitigated potential increases.
nayla finance secures four million dollars to boost micro business lending in saudi arabia
Nayla Finance, a Riyadh-based fintech, has raised $4 million in seed funding led by Sanabil Venture Studio to enhance micro-business lending in Saudi Arabia. The investment will facilitate the development of a data-driven lending platform, expand its loan offerings, and support partnerships in key sectors like e-commerce and retail. Co-founder Shaqran Alyahya emphasized the importance of tailored financial solutions for micro-businesses, which are vital to the Saudi economy.
Saudi Aramco strengthens investment ties with China amid energy demand growth
Saudi Aramco views China as a vital investment destination, focusing on opportunities in power generation, chemicals, and technology. CEO Amin Nasser highlighted ongoing projects in various provinces and emphasized the importance of reliable oil and gas supplies for China's economic growth and industrial future. The company is expanding its presence with a new refinery and petrochemical complex in Fujian, set to be operational by 2030.
gulf sovereign wealth funds expand investments in asia and africa
Saudi Arabia's sovereign wealth fund, alongside five regional counterparts, is set to control $18 trillion in assets by 2030, bolstered by aggressive investments, particularly in Asia and Africa. Gulf funds are enhancing their capabilities and expanding their global footprint, with significant investments in China amid a strategic shift from Western markets. As competition intensifies, these funds are focusing on performance and governance, employing around 9,000 professionals to drive innovation and efficiency.
paysky secures recognition and funding to enhance fintech infrastructure in africa
Paysky, a leading digital fintech solutions provider, has secured $6.75 million to enhance Africa's fintech infrastructure. Recognized among Forbes Middle East’s Top 50 Fintech Companies for the third consecutive year, the company operates in 18 countries and processed over $3.9 billion in transactions in 2024. Its innovative offerings include national payment systems, the Yalla Super App, and various digital payment solutions aimed at driving financial inclusion and digital transformation across the region.
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