Investors in the UAE saw significant gains from their cryptocurrency investments in 2023, totaling $204 million, as reported by blockchain data company Chainalysis.
Continue readingUAE Crypto Investors See $204 Million in Gains in 2023
UAE Funding Boosts Investments in African Startups
Abu Dhabi’s Mubadala Investment Company and France’s Bpifrance have collaborated on an Africa-focused venture capital fund, marking a significant investment in the continent’s startup ecosystem.
Continue readingOman’s Expanding Space Industry Draws $52 Million in Investments
Oman’s burgeoning space sector has seen a significant influx of investments, totaling OMR20 million ($52 million) over the past two years, according to a high-ranking government official.
Continue readingBahrain’s Golden Visas Attract Billions in Investment
Bahrain’s golden visa initiative, launched as part of an economic recovery plan in October 2021, has garnered significant interest, with the country attracting $2.4 billion in investment across nine major projects.
Continue readingSaudi Arabia Boosts Tech Startup Sector with $888 Million
Saudi Arabia has announced a substantial investment of $888 million to bolster its local tech startup and venture capital sector. This funding will specifically target industries such as digital payments, e-gaming, and artificial intelligence (AI), highlighting the kingdom’s commitment to fostering innovation and technological advancement.
Continue readingOverhaul of UK’s Non-Dom Rules Expected to Draw High Earners to Gulf
The UK’s decision to abolish non-domicile tax status from April 2025 is anticipated to lead to an increase in expatriates and returning nationals to the Gulf region, according to experts interviewed by AGBI.
Continue readingAbu Dhabi Attracts Celebrity Investors to Enhance Its Influence
Abu Dhabi is leveraging the influence of celebrities, ranging from actors and comedians to athletes and writers, to enhance its global standing. The UAE’s capital has become a magnet for entrepreneurs worldwide, who are investing and expanding their ventures in the emirate.
Continue readingFitness Brands Prepare for Expansion into Saudi Arabia
GymNation, a Dubai-based fitness brand, is set to open 50 new fitness centers in Saudi Arabia to tap into the kingdom’s billion-dollar fitness industry.
Continue readingProposed Changes to the Working Week in Kuwait and Bahrain
Lawmakers in Kuwait and Bahrain are advocating for significant changes to the working week in a bid to enhance workers’ rights and improve the work-life balance in the two Gulf nations.
Continue readingSaudi-Backed Martial Arts League Targets $1 Billion Business
PFL Middle East, the regional arm of the Professional Fighters League, is poised to become a billion-dollar enterprise within the next ten years, according to its founder.
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