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Kuwait may allow foreigners full ownership of companies in a push to attract more investments and boost the economy, Zawya reports. The plans according to Abdullah Al-Sabah, deputy director general for investment operations at Kuwait’s Direct Investment Promotion Authority, aim Read more
UAE and Syria have agreed to expand their economic cooperation between the two countries, the Gulf country announced Sunday. The Economy ministry of the Gulf country announced the agreement following a meeting between head of the department Abdulla bin Touq Read more
King Mohammed VI has called on the newly formed government and Parliament to work hand in hand for the implementation of the new development model, stressing that it is “not a blueprint for development in the traditional, rigid sense of Read more
King Mohammed VI of Morocco, accompanied by Crown Prince Moulay El Hassan and Prince Moulay Rachid, on Friday delivered a speech to the parliament on the occasion of the opening of the 1st session of the 1st legislative year of Read more
The Saudi-led consortium has pledged to inject $340.5 million into British Premier League club Newcastle United to improve the English soccer iconic club after Thursday acquisition. The kingdom’s sovereign wealth fund, Public Investment Fund (PIF) landed the Northeastern English club Read more
Iran Thursday indicated Thursday it is willing to build two power plants in Lebanon to help the Middle East country to easy the energy crisis in place for months, reports say. Visiting Hossein Amir-Abdollahian, the top diplomat of the Islamic Read more
King Mohammed VI has approved at a ceremony held at the Royal palace in Fez this Thursday a new government of 24 jobs, formed following the general elections of last September 8. The cabinet was formed by Aziz Akhannounch, head Read more
The UAE and Iraq signed on Wednesday a contract to build five electric power plants using solar energy, Arab News reports citing state-run Iraqi News Agency (INA). The Iraqi Ministry of Electricity and the National Investment Authority signed the deal Read more
Investcorp, a Bahrain-based Middle East private equity firm, has acquired 89 industrial properties in the United States for $380 million, Zawya notes, citing the company. The new acquisitions are located in Los Angeles, California, Dallas, Texas, Phoenix, Arizona, Seattle and Read more
Google announced Wednesday a five-year, $1 billion investment plan for the African continent, promising faster and more affordable Internet access and financial support for local startups in this market with a young population. Less than a third of Africa’s 1.3 Read more