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Egypt has awarded Canadian mining company Barrick 4 gold exploration contracts for a total investment of $8.8 million, reports say. Per the tender launched by the Oil ministry, Barrick will search for gold in 19 blocks in the Eastern Desert. Read more
The UAE’s holdings of the US treasury bonds rose by over 31% or $13.6 billion in May to stand at $57.3 billion compared to $43.7 billion in April 2021, Zawya reports citing official data. With the 31 per cent increase, Read more
Abu Dhabi’s Mubadala Investment Company, one of the investment fund of the UAE, announced Sunday it has invested $497 million into UK-headquartered IVC Evidensia, Europe’s largest veterinary care provider. The sovereign fund in a statement indicated that the investment aligns Read more
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