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MENA Digest: SiFi,  Elevate raise funds; May VC funding up 5 times from April, down 58% YoY

TMT

07 June, 2024

MENA Digest: SiFi, Elevate raise funds; May VC funding up 5 times from April, down 58% YoY

Saudi Arabia-based fintech startup Simplified Financial Solutions Company (SiFi) led funding activity in the Middle East and North Africa (MENA) ......

Qatar economy grew 1.2% year on year in Q3 2023

Economy

02 May, 2024

Qatar economy grew 1.2% year on year in Q3 2023

The Gulf state of Qatar's real gross domestic product (GDP) increased 1.2% year on year in the third quarter of ......

Ashok Wadhwa to buy QInvest's 26% Ambit stake; Saurabh Mukherjea to quit

People

20 April, 2018

Ashok Wadhwa to buy QInvest's 26% Ambit stake; Saurabh Mukherjea to quit

Ace dealmaker Ashok Wadhwa, group CEO at Ambit Holdings, will acquire Qatari investment firm QInvest LLC’s 26% stake in the ......

India defers provisional safeguard duty on unwrought aluminium imports

Manufacturing

03 May, 2016

India defers provisional safeguard duty on unwrought aluminium imports

Under criticism over its protectionist measures for the domestic steel industry, India has deferred the 5% provisional safeguard duty on ......

Govt initiates safeguard duty investigation on unwrought aluminium imports

Manufacturing

21 April, 2016

Govt initiates safeguard duty investigation on unwrought aluminium imports

The Indian government on Wednesday initiated a safeguard duty investigation into imports of unwrought aluminium into the country.Unwrought aluminium is ......

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Qatar Investment Authority makes first bet from $1-bn VC fund of funds

Finance

05 February, 2025

Qatar Investment Authority makes first bet from $1-bn VC fund of funds

Sovereign wealth fund Qatar Investment Authority (QIA) has backed a local venture capital firm that invests in growth-stage tech startups ......

Qatar drafting new laws aimed at boosting foreign investment

Finance

23 January, 2025

Qatar drafting new laws aimed at boosting foreign investment

Qatar plans to introduce three new laws as part of a sweeping review of legislation designed to make the Gulf ......

Qatar's emir appoints Mohammed Al Sowaidi as new CEO of wealth fund QIA

People

12 November, 2024

Qatar's emir appoints Mohammed Al Sowaidi as new CEO of wealth fund QIA

Qatar's emir on Tuesday appointed Mohammed Al Sowaidi as CEO of the Qatar Investment Authority (QIA), according to a statement issued by ......

Qatar wealth fund cuts stake in British supermarket group Sainsbury

Consumer

14 October, 2024

Qatar wealth fund cuts stake in British supermarket group Sainsbury

The biggest shareholder in Sainsbury's, the Qatar Investment Authority (QIA), is selling 306 million pounds ($399 million) worth of shares ......

Qatar Airways to buy 25% stake in Virgin Australia from Bain Capital

Infrastructure

01 October, 2024

Qatar Airways to buy 25% stake in Virgin Australia from Bain Capital

Qatar Airways will buy a 25% stake in Virgin Australia from U.S. private equity firm Bain Capital, posing a tougher contest for Qantas ......

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