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Iraq has invited bids by investors for the construction of a new industrial city in the Eastern Wasit Governorate, reports say. The 12,500-million square meter city, state-run Alsabah newspaper, will be dedicated to small and medium industries and is one Read more
Qatar is planning to launch its first green Fund as it aims to secure Environmental, Social, and Governance funding, reports say. The ministry of finance, Bloomberg reports, is in contact with global banks in an attempt to accrue billions of Read more
State-run Kuwaiti energy company, Kuwait Oil Company (KOC) plans to invest more than $6.1 billion in exploration over the next five years, and increase production to 4 million barrels per day by 2040, reports say. An oil source reportedly told Read more
Turkey and Angola Tuesday agreed to increase to $500 million up from $176 million their trade volume, Anadolu news agency reports. “Our trade volume with Angola is $176 million. The current trade volume is very low for such two powerful Read more
UAE will invest in Indonesia with the Asian country’s wealth fund $10 billion under the instructions of Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, Sheikh Mohamed bin Zayed Al Nahyan, reports say. The investment Read more
Iraq’s Deputy Prime Minister for Energy, Hussain al-Shahristani, revealed the investment plans of the country to British businessmen during an investment conference in a bid to lure them into investing in the country as they struggle to rebuild from what Read more
The Islamic Development Bank and the International Finance Corporation (IFC) have announced a $100 million financial contribution to support several infrastructure projects across the Middle East and North Africa. IDB and IFC are injecting each $50 million in the Arab Read more
French car maker Renault has opened in Morocco the largest car plant in North Africa. Built over 3 million square meter on the Mediterranean near Northern city of Tangiers, close to Europe, the plant employs about 2,000 local staff to Read more