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Saudi Arabia will stop collaborating from 2024 with firms which do not have their headquarters in the Gulf country, Trade Arabia citing Saudi Press Agency (SPA). An unidentified source told the agency that the decision aims to incentivize the localization Read more
The UAE will multiple its investment in Zimbabwe three times in the coming years, the ambassador of the Gulf country to Harare recently said, Trade Arabia reports. The Arab country recently donated over $2 million in equipment and medicines Read more
Manama-based alternative investment products firm, Investcrop, has said it acquired five industrial units in Scotland for a $14.6 million investment as part of its expansion strategy across Europe. The entity said it bought 200,000-sq-ft industrial units comprising several sectors including Read more
The United States will invest about $200 million in Egypt by the end of 2018, according to the Chief of the US Mission in Egypt. Thomas Goldberger made the statement at the US Chamber of Commerce conference in Cairo on Read more
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 Read more
Qatar is looking to pump in Germany’s economy billions of dollar of investment as it seeks to deepen its foothold in the European Union (UE) economic powerhouse. A report by Handelsblatt, a German newspaper specialized in economic news, revealed that Read more
US Mondelez International company has inaugurated its second factory in Bahrain as it seeks to supply the Gulf region and Africa with iconic brands, including Oreo cookies and Barni soft cakes. The new factory cost the company a total investment Read more
Saudi Arabia’s Crown Prince Mohammed Bin Salman showed generosity during his first visit to Egypt Sunday as the two nations have signed agreements to activate a 60 billion Saudi riyal ($16 billion) investment fund, agreed upon in 2016. The Crown Read more
The Omani government has identified China and India as the right places to invest in the near future, reports say. The Sultanate is looking for foreign markets to reduce its dependence on regional market, in reference to the Gulf market Read more
Saudi Arabia is set to privatize airports and the country’s Public Investment Fund has been chosen to look after the aerial outlets, reports say. “The process of establishing companies will continue for all airports, and the civil aviation holding company Read more