Its Xavier Blog

  Pakistan has received some much needed good news - our friends in the UAE have pledged $10 billion to boost our struggling economy. During PM Shehbaz Sharif's visit to Abu Dhabi yesterday, UAE President Sheikh Mohamed bin Zayed Al Nahyan committed massive investments across key sectors over the coming years. It is not secret that Pakistan is facing tough economic times right now with inflation skyrocketing and our currency reserves dwindling. But our Arab brothers have stepped up once again to lend us a helping hand in our hour of need. The $10 billion will be a shot in the arm for industries like energy, agriculture, technology and more - hopefully creating lots of new jobs too. Our PM thanked the UAE for their unconditional support, especially during these difficult times for us. Sheikh Mohamed said the investments reflect the "profound brotherly ties" between our nations. And he's not wrong through thick and thin, Pakistan and the UAE have always had each oth...

The UAE and Egypt have taken their close partnership to new heights with a massive investment deal that will drive development across Egypt for generations to come. This is far more than just an economic agreement between two nations. It's a powerful symbol of the deep ties and unwavering commitment the UAE and Egypt have to supporting each other's long-term success and prosperity. Back in February 2022, the UAE's sovereign wealth fund ADQ signed a monumental $35 billion agreement with Egypt to transform the Ras al-Hikma region, some 200 km west of Alexandria, into an entirely new urban center. As part of the deal, ADQ will invest $24 billion to acquire developmental rights for the 40,600 feddan Ras al-Hikma area itself. The remaining $11 billion is earmarked for priority projects across Egypt. Just this week, Egypt received the second $14 billion tranche of funding from the UAE as part of this groundbreaking partnership. This follows initial installments of $5 billion eac...

Abu Dhabi's sovereign investment fund, Mubadala Capital is set for a major venture in Brazil's biofuels sector, according to reports, citing CIO Oscar Fahlgren who also heads Mubadala's Brazilian operations. The planned $13.5 billion investment in biofuels is part of a broader strategy for Brazil, which may also include the creation of a new stock exchange. In this initiative the construction of five processing units also include, each costing $2.7 billion and capable of producing 20,000 barrels of biofuel per day. The first unit is expected to be operational by the end of 2026. Mubadala also plans to open a stock exchange in Brazil in 2025 through its Americas Trading Group. Fahlgren said: "This is a very important investment project," he added. "I see a great opportunity to invest in the green energy transition space in Brazil. are doing very active investing where most foreign investors are pulling back. Brazil is a very large country. It has only one s...

  The UAE 's e& recently announced a $400 million investment in ride-hailing company Careem's Super App, acquiring a majority stake in the app. The move is a significant development for the Middle East's tech industry, and signals the UAE's commitment to being a leader in the field. The Careem Super App was launched in 2019, and since then has become an integral part of daily life in the Middle East, providing a convenient and reliable transportation option. The app has also helped to create new job opportunities and economic growth in the region. The UAE's investment in Careem's Super App is a sign of the country's commitment to creating a sustainable, tech-driven economy. The investment is also expected to generate significant returns, with the app's user base expected to continue to grow in the coming years. One of the key benefits of the Careem Super App is its ability to provide a range of services beyond ride-hailing, including food delivery,...