Total investment of Swiss companies in Saudi Arabia hit $2.91bln, Saudi authorities announced Thursday. Saudi Arabian General Investment Authority (SAGIA) in a statement noted that most of investments came from 94 firms. These Swiss entities according the SAGIA have pumped $2.91bln in the Saudi economy. The leading Swiss firm, Dhurom company for electricity, has invested […]
Emaar Properties PJSC has debunked Tuesday reports that it will offer future buyers of projects 10-year visa as part of incentives to attract foreign investments. “The issuance of visas falls under the purview of the concerned authorities and Emaar does not have any role regarding the issue,” the company said in a statement seen by […]
Morocco will see returns from a fisheries deal with the EU rise to €52.2 as the two parties concluded negotiations for a new agreement Tuesday in Rabat. The new deal kept unchanged at 128 the number of vessels allowed to fish in Moroccan waters. The amount of the catch was also kept un-changed, the agriculture […]
Bank Alkhair has pulled out of Alkhair capital 10 years after getting 75 per cent of the Turkish investment firm. The Bahraini entity, according to Reuters, received approval to transfer its 95.79 per cent shareholding of Alkhair Capital to Ankara-based A1 Capital. Bank Alkhair acquired Alkhair Capital in 2007 after it bought 75 per cent […]
Morocco and the European Union agreed on the content of the future sustainable fisheries agreement and its implementation protocol, they said in a joint statement, and according to media reports, the deal will be signed in Rabat on Monday (July 23). “The two parties agreed on the provisions and improvements made on the texts to […]
The internationally recognized National Oil Corporation (NOC) Wednesday announced resumption of operation at the country’s four oil terminals after east-based army relinquished control of the ports it seized last month. Khalifa Haftar, head of the so-called Libyan National Army (LNA) Wednesday restored Zueitina, Hariga, Ras Lanuf and Es Sider to Tripoli-based NOC following intense international […]
United Arab Emirates (UAE) authorities in charge of security and commodities regulations have instructed companies to report on and freeze assets of nine Iranian individuals and organizations appearing on the country’s terror list. Securities and Commodities Authority has ordered all companies in the field to tell on and freeze all accounts, funds, securities, goods and […]
Small businesses in West Bank and Gaza will benefit from the support of the European Bank for Reconstruction and Development (EBRD) and the European Union to enable Palestinian private sector create jobs and encourage entrepreneurship. Small and medium-sized enterprises (SMEs) account for 95 per cent of all private sector activities in the Palestinian territories. The […]
China’s Ministry of Commerce pledged Thursday to maintain normal ties with Iran amid a large-scale pull out and boycott of the Iranian market over fear of US economic sanctions. The announcement made by the Commerce Ministry spokesman Gao Feng comes as a relief for Iranian authorities as foreign companies are massively pulling out of the […]
Abu Dhabi Fund for Development (ADFD) has announced its support for Ethiopian government as it signed with the national bank of the African country an agreement for the allocation of a $3 billion aid to support economic policies and facilitate investment for Emirati companies in Ethiopia. The announcement came following the signing on Friday of […]