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Saudi Arabia's non-oil exports rose by 10.7% year-on-year in January, with national non-oil exports increasing by 13.1%. The value of re-exports grew by 5.7%, contributing to a decrease in oil exports' share of total exports from 74.8% to 72.7%. Imports also surged by 8.3%, while the trade surplus fell by 11.9%.
Leonteq shareholders have approved a proposal from Raiffeisen Switzerland to increase the dividend payout. Leonteq AG, an independent provider of investment solutions technology and services based in Switzerland, operates across multiple international offices and offers a comprehensive platform for structured investment products.
Ras Al Khaimah will host the inaugural International Real Estate Investment Summit (IREIS) on May 20-21, 2025, at the Al Hamra International Exhibition and Conference Centre, showcasing its growing real estate market to global investors. The event will feature 500 delegates, 40 industry speakers, and discussions on market trends, investment opportunities, and sustainability in real estate. With significant projects like the $3.9bn Wynn Al Marjan Island resort, RAK is positioning itself as a premier investment destination in the UAE.
Iqbal Khan, UBS Asia-Pacific president, warns that stagflation poses a significant risk for investors, overshadowing concerns about growth. Speaking at the Bloomberg Family Office Summit in Hong Kong, he highlighted the presence of "pockets of opportunity" in uncertain markets.
Gordian Capital Singapore Pte Ltd now holds 8,500 shares of Vertiv, valued at $846,000, after acquiring 4,500 shares last quarter. Nordea Investment Management AB significantly increased its stake by 3,417.9%, owning 964,104 shares worth $110,544,000. Institutional investors control 89.92% of the stock, while Barclays has lowered its price target for Vertiv from $111.00 to $100.00, maintaining an equal weight rating. Vertiv's stock is currently under pressure, trading at $81.73, with a market cap of $31.12 billion and a recent quarterly EPS of $0.99.
Australian VC firm Microequities has acquired a 19% stake in Melbourne-based Global IT Factory, a curriculum management software provider, through its pre-IPO fund. This investment marks the company's first external funding since its inception a decade ago. Global IT Factory, which holds a 22% market share in Australia and New Zealand, plans to utilize the funds for product development and market expansion.
Southeast Asia's tech investment landscape shows signs of stabilization, yet significant funding gaps persist, with total capital invested down 18% year-on-year and deal count down 23%. The AI sector remains particularly underfunded, with software and AI-related deals dropping 50% since 2022. Early-stage funding struggles, as seed-stage investments lag behind series A, raising concerns about the region's ability to retain talent and foster high-growth companies.
Huawei Cloud hosted its Asia-Pacific Forum, unveiling six collaborative initiatives to support Chinese enterprises expanding in the region, which is now their largest market outside China. The forum highlighted the importance of understanding local markets and leveraging technology for successful globalization. With a commitment of USD10 million for the "Asia-Pacific Acceleration Program," Huawei aims to empower businesses through strategic consulting, solution development, and co-marketing initiatives.
Nordea Investment Management AB has increased its stake in Vertiv Holdings Co, now owning 964,104 shares valued at $110.54 million. Institutional investors hold 89.92% of the company's stock, which has a current price target of $100.00 from Barclays, suggesting a potential upside of 19.21%. Vertiv's stock has a consensus rating of "Moderate Buy" with a price target of $135.33, despite recent price pressures.
The central bank has issued digital currency to seven banks, including Kookmin and Shinhan, as part of a pilot program. Meanwhile, Xiaomi plans to raise up to $5.27 billion through a share placement for business expansion and tech investment. In Japan, private equity firms are targeting the fragmented HR tech market, driven by low interest rates and a focus on governance, despite challenges from competition and global firms.
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Saudi Arabia's non-oil exports rise 10.7 percent in January 2025
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