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Tag Archives: Investment

Investment outlook: Gulf’s fixed income market likely to match last year’s highs

Despite higher oil prices, benign funding environment means strong levels of bond issuance are likely to continue. Gulf sukuk and bond issuance could set another annual record this year as government institutions again turn to debt to help meet budget shortfalls, although elevated geopolitical risk and imminent interest rate rises will make borrowing more expensive. Emirates NBD, Dubai’s largest bank, …

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Smart Cities Global Summit to take place in Africa gathering International Government and Industry leaders to assess regional Smart City technology and investment strategies

Government’s role in stimulating new technology and Smart cities investment will be a key focus of the event agenda, with eight key Smart City investment themes featured over 50 sessions Smart Cities Global Technology & Investment Summit 2018 (www.SmartCityAlgiers.com) has been announced to take place in Algiers, Algeria, on June 27-28, gathering international Government and Industry leaders to assess global …

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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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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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DP World keen to explore new investment opportunities in Africa

DP World pushes ahead with its long-term strategy focusing on the continent. DP World is looking for new investment and expansion opportunities across Africa, as it pushes ahead with its long-term strategy focusing on the continent, the company’s Senior Vice President and Managing Director for the UAE Region Mohammed Al Muallem told delegates on Thursday at the fourth Global Business …

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New $250 million Dubai tech fund to target 15 investments

The new $250 million technology investment fund launched on Wednesday by Middle East Venture Partners (MEVP) will invest in about 15 companies, including a number of its existing portfolio companies, CEO Walid Hanna has said. Speaking to Zawya on the sidelines of the launch in Dubai, Hanna said he was “absolutely confident” of being able to source enough investible businesses. …

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Exponential growth seen in GCC assets under management

Dubai is set to reinforce its status as the region’s leading financial hub with new legislation and regulation expected to attract inward investment as the GCC is forecast to see an exponential growth in assets under management to nearly $111 billion by 2020, a new study reveals. While fund managers in the UAE are expected to see their asset under …

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Several billions of US dollars in investments announced during the Morocco – Gabon 2017 Forum

Two delegations of Moroccan businessmen are expected in Gabon within the next few weeks The Morocco – Gabon Forum which has just ended in Rabat was the occasion for the Moroccan companies and investors to announce their intention to invest several billions of US dollars in Gabon in the sectors of Infrastructures, the numerical Economy, Agro-industrial industry and the sanitary …

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