Ministry of Investment

EPB Group Berhad Receives Bursa Securities' Approval For ACE Market Listing

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星期一, 五月 27, 2024
Automation, MITI, Robotics, Exercise, Food industry, Sale, Person, Ministry of Investment, EPB, Growth, IPO, BHD, Private, Security (finance)

A New Chapter for EPB Group Berhad, Sets to Capitalise Growth Opportunities Through IPO Exercise

Key Points: 
  • A New Chapter for EPB Group Berhad, Sets to Capitalise Growth Opportunities Through IPO Exercise
    KUALA LUMPUR, May 27, 2024 - (ACN Newswire) - EPB Group Berhad ("EPB") and its group of companies (the "Group"), an established one-stop food processing and packaging machinery solutions provider, is pleased to announce that EPB has received the approval from Bursa Malaysia Securities Berhad ("Bursa Securities") to list on the ACE Market of Bursa Securities.
  • Offer for Sale of 40,000,000 ordinary shares ("Offer Shares"), representing 10.75% of the enlarged issued share capital upon listing: -
    a.
  • Mr. Yeoh Chee Min, Managing Director of EPB Group Berhad said, "We are deeply appreciative of the endorsement from Bursa Securities for our IPO on the ACE Market.
  • is the Corporate Finance Adviser of EPB Group Berhad.

The Ministry of Investment of Saudi Arabia (MISA) Signs MoU with Ant International to Expand Business in Saudi Arabia, Supporting Regional Digital Innovation

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星期五, 五月 10, 2024
Technology, Payments, Finance, Fintech, Banking, Electronic Commerce, Professional Services, Software, Digital Cash Management, Digital Assets, Networks, Partnership, Money, Memorandum of understanding, Ministry of Investment, MISA, Growth, Multimedia, Investment, Arms industry

The Ministry of Investment of Saudi Arabia (MISA) has signed a Memorandum of Understanding (MoU) with Ant International, to facilitate the business expansion into the Kingdom.

Key Points: 
  • The Ministry of Investment of Saudi Arabia (MISA) has signed a Memorandum of Understanding (MoU) with Ant International, to facilitate the business expansion into the Kingdom.
  • Through this partnership, MISA welcomes and supports Ant International’s expansion plan to establish an entity in Saudi Arabia, enabling assistance when acquiring licences and certificates to expand and enhance its service offerings.
  • Ant International will use Saudi Arabia as a key gateway into the Middle East to further expand the reach of its payment and financial services.
  • Local merchants of all sizes will benefit from riding the wave of digitalization to achieve further growth.

Al Hassan Ghazi Ibrahim Shaker Co. announces a strong start to FY24, reporting a 12.09% YoY increase in net profit to reach SAR 32.25 million in Q1-FY24

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星期日, 五月 12, 2024
VRF, Vision 2030, Conditional sentence, Yoy, Home appliance, Electronics, Memorandum of understanding, Ministry of Investment, MISA, SAP, LG Electronics, EPS, Growth, Variable refrigerant flow, HVAC, Development, AC

Net profit1 of SAR 32.25 million, up 12.09% YoY, driven by strong revenue growth, enhanced operational performance, and lower finance costs.

Key Points: 
  • Net profit1 of SAR 32.25 million, up 12.09% YoY, driven by strong revenue growth, enhanced operational performance, and lower finance costs.
  • Shaker's strong Q1-FY24 performance reinforces the continued strength of its strategic initiatives driven by market differentiation and a robust growth strategy.
  • Demonstrating its commitment to achieving sustainable growth while strengthening its financial health, Shaker achieved a significant 24.08% reduction in net debt.
  • Additionally, further improvements in inventory management and working capital resulted in strong cash generation from operations, reaching SAR 30.98 million.

Al Hassan Ghazi Ibrahim Shaker Co. announces a strong start to FY24, reporting a 12.09% YoY increase in net profit to reach SAR 32.25 million in Q1-FY24

Retrieved on: 
星期日, 五月 12, 2024
VRF, Vision 2030, Conditional sentence, Yoy, Home appliance, Electronics, Memorandum of understanding, Ministry of Investment, MISA, SAP, LG Electronics, EPS, Growth, Variable refrigerant flow, HVAC, Development, AC

Net profit1 of SAR 32.25 million, up 12.09% YoY, driven by strong revenue growth, enhanced operational performance, and lower finance costs.

Key Points: 
  • Net profit1 of SAR 32.25 million, up 12.09% YoY, driven by strong revenue growth, enhanced operational performance, and lower finance costs.
  • Shaker's strong Q1-FY24 performance reinforces the continued strength of its strategic initiatives driven by market differentiation and a robust growth strategy.
  • Demonstrating its commitment to achieving sustainable growth while strengthening its financial health, Shaker achieved a significant 24.08% reduction in net debt.
  • Additionally, further improvements in inventory management and working capital resulted in strong cash generation from operations, reaching SAR 30.98 million.

The third Tashkent International Investment Forum showcases Uzbekistan's investment potential after $26.6 billion in agreements successfully signed

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星期三, 五月 8, 2024
Textile, ACWA Power, Agriculture, Wilmar International, China National Materials Group, Forum, Republic, Speech, Wind, Environment, Investment, Ministry of Investment, ITFC, Arms industry

TASHKENT, Uzbekistan, May 8, 2024 /PRNewswire/ -- The Ministry of Investment, Industry and Trade of the Republic of Uzbekistan is delighted to share the strong results of the third Tashkent International Investment Forum that took place from 2 to 3 May.

Key Points: 
  • $26.6 billion: the total amount of signed agreements, which is 141.8% higher as compared to the results of the last years' Forum.
  • $4.85 billion: the largest agreement, signed within the framework of The Forum with ACWA Power.
  • This year, The Forum was attended by a record number of participants: 2,500+ from 93 countries around the world.
  • Within the framework of the Forum, agreements were signed totaling $26.5 billion, which is 141.8% higher than the results of last years' Forum ($11 billion).

The third Tashkent International Investment Forum showcases Uzbekistan's investment potential after $26.6 billion in agreements successfully signed

Retrieved on: 
星期三, 五月 8, 2024
Textile, ACWA Power, Agriculture, Wilmar International, China National Materials Group, Forum, Republic, Speech, Wind, Environment, Investment, Ministry of Investment, ITFC, Arms industry

TASHKENT, Uzbekistan, May 8, 2024 /PRNewswire/ -- The Ministry of Investment, Industry and Trade of the Republic of Uzbekistan is delighted to share the strong results of the third Tashkent International Investment Forum that took place from 2 to 3 May.

Key Points: 
  • $26.6 billion: the total amount of signed agreements, which is 141.8% higher as compared to the results of the last years' Forum.
  • $4.85 billion: the largest agreement, signed within the framework of The Forum with ACWA Power.
  • This year, The Forum was attended by a record number of participants: 2,500+ from 93 countries around the world.
  • Within the framework of the Forum, agreements were signed totaling $26.5 billion, which is 141.8% higher than the results of last years' Forum ($11 billion).

Government Ministers, global business leaders and foreign investors convene for the flagship Tashkent International Investment Forum (May 2-3 2024)

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星期三, 五月 1, 2024
Entrepreneurship, TBC Bank, International financial institutions, Rothschild & Co, Development, European Central Bank, Commerce, Ministry of Investment, Grain, ACWA Power, Forum, Republic, Tourism, Water, Water resources, ACWA, UN, London Stock Exchange, SCO, SME, Fintech, World Trade Organization, EBRD, Reconstruction, Congress Hall, MIIT, Agriculture, Air Products, OPEC, GDP, International development, Mining, ITFC, Growth

TASHKENT, Uzbekistan, May 1, 2024 /PRNewswire/ -- The Government of Uzbekistan is delighted to announce the event programme and key partners for the third annual Tashkent International Investment Forum, launching tomorrow.

Key Points: 
  • Taking place at the Tashkent City Congress Hall, The Forum will be opened by President of Uzbekistan Shavkat Mirziyoyev.
  • The two-day event includes a series of round tables and panel sessions, as a platform to exchange ideas and plans to support Uzbekistan's foreign direct investment success.
  • Topics for discussion include the investment opportunities available in specific sectors such as energy, infrastructure, agriculture, tourism, mining and the digital economy.
  • We are looking to build on the success and momentum generated by the 2023 Forum, securing further deals and foreign investment, and propelling 'New Uzbekistan' forward."

Government Ministers, global business leaders and foreign investors convene for the flagship Tashkent International Investment Forum (May 2-3 2024)

Retrieved on: 
星期三, 五月 1, 2024
Entrepreneurship, TBC Bank, International financial institutions, Rothschild & Co, Development, European Central Bank, Commerce, Ministry of Investment, Grain, ACWA Power, Forum, Republic, Tourism, Water, Water resources, ACWA, UN, London Stock Exchange, SCO, SME, Fintech, World Trade Organization, EBRD, Reconstruction, Congress Hall, MIIT, Agriculture, Air Products, OPEC, GDP, International development, Mining, ITFC, Growth

TASHKENT, Uzbekistan, May 1, 2024 /PRNewswire/ -- The Government of Uzbekistan is delighted to announce the event programme and key partners for the third annual Tashkent International Investment Forum, launching tomorrow.

Key Points: 
  • Taking place at the Tashkent City Congress Hall, The Forum will be opened by President of Uzbekistan Shavkat Mirziyoyev.
  • The two-day event includes a series of round tables and panel sessions, as a platform to exchange ideas and plans to support Uzbekistan's foreign direct investment success.
  • Topics for discussion include the investment opportunities available in specific sectors such as energy, infrastructure, agriculture, tourism, mining and the digital economy.
  • We are looking to build on the success and momentum generated by the 2023 Forum, securing further deals and foreign investment, and propelling 'New Uzbekistan' forward."

Saudi Arabia Construction Industry Report 2024: Market to Expand by 4.6% in Real Terms this Year, Supported by Public and Private Investments - Forecasts to 2028 - ResearchAndMarkets.com

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星期三, 五月 1, 2024
Energy, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Utilities, Construction, Shareek, Saudi Ports Authority, Risk, Housing, Commercial, Climate, Sport, City, Tourism, Yoy, FDI, Sector, Growth, Transport, NEOM, Assessment, SAMA, Central bank, Ministry of Investment, Government, Saudi Vision 2030

The "Saudi Arabia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Saudi Arabia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028" report has been added to ResearchAndMarkets.com's offering.
  • Construction industry in Saudi Arabia to expand by 4.6% in real terms in 2024, supported by public and private investment in the development of transportation, energy, tourism and housing projects.
  • As of early March 2024, the Kingdom has SAR121.9 billion (32.5 billion) transport infrastructure projects in the bidding stage.
  • Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Saudi Arabia, featuring details of key growth drivers.

The Kingdom of Saudi Arabia and Rezolve AI Ink Pioneering MOU to Establish Global AI Market Leaders

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星期一, 三月 18, 2024
AACI, Combination, Growth, Register, Partnership, Artificial intelligence, Acquisition, Business analyst, Ministry of Investment, KSA, Hallucination, MISA

LONDON, March 18, 2024 (GLOBE NEWSWIRE) -- In a strategic move that highlights the Kingdom of Saudi Arabia's commitment to technological advancement and economic growth, the Ministry of Investment of Saudi Arabia (MISA) has forged a groundbreaking partnership with Rezolve AI Limited. This collaboration is set to revolutionize the artificial intelligence (AI) landscape, establishing an AI Centre of Excellence in Saudi Arabia as a cornerstone of Vision 2030's innovation and development goals.

Key Points: 
  • Upon closing of the transaction, the combined company’s shares are expected to trade on the Nasdaq under the ticker symbol “ZONE”.)
  • This collaboration is set to revolutionize the artificial intelligence (AI) landscape, establishing an AI Centre of Excellence in Saudi Arabia as a cornerstone of Vision 2030's innovation and development goals.
  • • Creation of Global Market Leaders: In partnership with the Ministry of Investment, the goal is to launch at least five AI ventures in diverse market sectors, funded and headquartered locally, each aspiring to become global market leaders.
  • These ventures will leverage Rezolve's cutting-edge AI Large Language Model (brainpowa) to foster innovation and ensure global leadership without succumbing to AI hallucinations.