Sunday , 22 April 2018
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Investment

South Korea’s trade minister highlights five key sectors for UAE investors

Kim Hyun-Chong says opportunities exist in tech, biotech, petrochemicals, construction and in cultural content and consumer goods By Michael Fahy, ZAWYA South Korea’s Minister of Trade highlighted cooperation in the petrochemicals sector as one of five key markets where trade opportunities between his country and the United Arab Emirates can be developed further. Speaking at the Annual Investment Meeting in …

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Seed investments: The ideas the UAE is backing to help boost rainfall levels

Zawya speaks to the three scientists whose ideas have received $5 mln via this year’s Rain Enhancement Programme. By Nada Al Rifai, ZAWYA As the United Arab Emirates navigates the path to raise its water security levels, the arid Gulf country is funding a number of new research ideas aimed at boosting rainfall. The UAE’s Rain Enhancement Programme this year …

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Egypt encourages savers to invest in shares- exchange head

The chairman of Egypt’s stock exchange has said that it is working on a campaign to increase demand for shares from within the country as well as looking to make it more attractive to international investors. Mohamed Farid told Zawya on the sidelines of a conference held by investment bank EFG Hermes on Monday that alongside efforts to increase the …

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Chinese firm wins $163mln contract for Damac’s Dubai skyscraper

China State Construction to build tower at Aykon City overlooking Dubai Canal. Damac Properties has announced the award of a 600 million UAE dirham ($163.4 million) contract to build a tower at its Aykon City project on Sheikh Zayed Road in Dubai. The company has chosen China State Construction Engineering Corporation’s Middle East (CSCEC) arm to build the tower overlooking …

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Saudi extends licences for foreign investors for up to five years

Foreign investor licences currently only last for 12 months. By Nada Al Rifai, ZAWYA Saudi Arabia’s General Investment Authority (SAGIA) has extended the licensing period for foreign investors to five years – up from one year at present. A statement sent by SAGIA to Zawya said that the licensing period can also be renewed upon expiry of the five-year period, …

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Saudi Arabia plans up to $11 bln investments in water sector in 2018

The largest desalinated water investment will be in Jubail 3 Image used for illustrative purpose. A worker stands at a desalination plant, 35 lm south of Riyadh, May 4, 2011. By Nada Al Rifai, ZAWYA Saudi Arabia is attracting investments worth $11 billion into large-scale water projects across several regions of the kingdom, primarily in water desalination, a Saudi official …

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UAE stands to be a big winner from China’s $900bln Belt & Road plan – report

By: Michael Fahy, ZAWYA Ancient trade routes from China through central Asia by rail (Belt) and to Africa and beyond by sea. The United Arab Emirates has been ranked as third in a global index of nations that stand to benefit most from China’s Belt and Road Initiative, according to a new report released on Tuesday by property consultancy Knight …

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UAE ranked 13th most promising economy for investment

Ranking reflects UAE’s liberal and investment-friendly business policies Staff Writer, Khaleej Times The UAE has been named the 13th Most Promising Home Economy for Investment in 2017-19 according to a survey conducted by the United Nations Council for Trade and Development (UNCTAD) and Investment Promotion Agency (IPA) Observer. The ranking, published in the UNCTAD’s recently released annual World Investment Report …

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UAE largest receiver of FDIs in Arab region in 2016: Minister of Economy

Al Mansouri noted that the law will increase allowed percentage of foreign ownership of local investment projects, up to 100% in specified sectors. Panoramic sunset city skyline. UAE law will increase the allowed percentage of foreign ownership of local investment projects, up to 100 percent in certain specified sectors. ABU DHABI- Sultan bin Saeed Al Mansouri, Minister of Economy, has …

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Record spending on Expo 2020 to give a big fillip to Dubai’s economy

Infrastructure expenditure is due to rise by 46.5% in 2018, accounting for 21% of total spending. Dubai – A record spending of Dh56.6 billion envisaged in Dubai’s expansionary budget for fiscal 2018 will trigger a major jump in investment spending and provide a major boost to the economy, analysts said. The budget, allocating an increased spending to boost infrastructure efficiency, …

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