With governments across the Middle East and North Africa predicted to spend 11.5 billion USD on information technology this year, competition among investors for lucrative opportunities is high. However, given the relatively underdeveloped tech sector in the Middle East, many investors in the regional are feeling the need to look abroad for promising tech startups…
VPS Healthcare, an integrated healthcare provider based in the United Arab Emirates, has recently acquired majority stakes in several hospitals in India. These include the Manesar, Qutub and Dwarake (NCR) hospitals owned by hospital chain Rockland, and Lakeshore hospital in Kochi. The investment was worth a total of 222 million USD, according to Times of…
With US government healthcare spending on a steady rise, foreign investors are turning to US healthcare in pursuit of a reliable stream of revenue. These include Russian billionaire Mikhail Fridman, who – like many investors in the Middle East – is now looking beyond oil for viable investment opportunities. Along with three fellow Alfa Group…
An estimated 2.29 billion USD has been invested into Africa’s renewable energy sector, according to data provided by the Clean Energy Pipeline. The drive to invest in not only renewable energy, but infrastructure, agriculture, natural resources and other key sectors in Africa is largely due to the continent’s rapid population growth and increasing urbanisation rates,…
KBW Investments, which was founded and is chaired by Prince Khaled bin Alwaleed bin Talal of Saudi Arabia, has recently partnered with Ascorel Group, a French technology company, to launch Ascorel Middle East. Ascorel specialises in technology designed to enhance the safety and control of civil engineering machines, lifting equipment and firefighting equipment. Its products…
2016 is shaping up to be an excellent year for the US tech sector, with US startups receiving a massive 15.3 billion USD in investment from venture capitalists in the first quarter of this year alone. This represents a 20 percent increase over the first quarter of the year, although the number of deals dropped.…
VPS Healthcare, an integrated healthcare provider based in the United Arab Emirates, has recently acquired majority stakes in several hospitals in India. These include the Manesar, Qutub and Dwarake (NCR) hospitals owned by hospital chain Rockland, and Lakeshore hospital in Kochi. The investment was worth a total of 222 million USD, according to Times of…
The Middle Eastern healthcare sector is booming, prompting investors to look beyond their own region for technology and innovation that could help with the development and expansion of medical services within the Middle East. With major healthcare projects like the Middle East Healthcare Company (MEAHCO) raising 3.2 billion USD from an initial public offering, with…
According to a recent projection by analyst firm Gartner, governments across the Middle East and North Africa will spend 11.5 billion USD on information technology this year – a 2 percent increase over the 2015 expenditure figure. Though 2 percent does not necessarily represent a massive boost, the figure itself is significant in that highlights…
Recent figures from research and consulting firm GlobalData shows that the Saudi pharmaceutical market will grow from an estimated 4.5 billion USD in 2015 to a whopping 6 billion USD by 2020. Saudi Arabia already boasts one of the largest pharma markets in the Middle East, with population growth driving increasing demand for cutting-edge, efficient…