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Tag Archives: Investment

SAP announces four-year US $450 million additional spend in MENA

More than 500 new SAP jobs to be created, consultant capability to triple DUBAI, United Arab Emirates, March 12, 2012 SAP AG SAP +0.43% today announced a four-year plan worth US $450 million (AED1.65 billion) to up-skill local talent and drive sustainable innovation and growth in the Middle East and North Africa (MENA) region. The decision highlights the region as a fast-growth market …

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Investors eye UAE prospects as hotel revenues soar

  UAE spends heavily on transport infrastructure to support tourism sector – GDP contribution set to reach US$19.9 billion this year Top industry executives and officials will head to the annual Arabian Hotel Investment Conference 2012 (AHIC), which takes place in Dubai on 28-30 April at Madinat Jumeirah, to discuss investment opportunities in the Gulf where governments are ploughing billions …

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Qatar is investing $125 billion on construction & energy projects

10 Smart cities projects already underway The Qatari government driven by its Vision 2030 plan, has committed over US$140 billion for investment, infrastructure and expansion in a wide range of sectors, including energy, health, education, transport, infrastructure and tourism.  The government recently announced a US$125bn spending plan for construction and energy projects. This includes spending for the 2022 World Cup …

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Morocco: Japan pledge 300 million yen for provision of industrial projects

Japan / Meeting between Mr. Koichiro Gemba, Minister for Foreign Affairs and H.E. Dr. Saad Dine El Otmani, Minister of Foreign Affairs and Cooperation of the Kingdom of Morocco TOKYO, Japan, March 8, 2012/African Press Organization (APO)/ — On Monday, March 5, Mr. Koichiro Gemba, Minister for Foreign Affairs held a meeting with H.E. Dr. Saad Dine El Otmani, Minister …

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World Bank Announces Broadband Connectivity Initiative for Middle East and North Africa

The World Bank launched a regional initiative to improve broadband connectivity in the Middle East and North Africa (MENA) region by bringing utilities’ fiber optic networks into broadband use. The Bank also announced a new focus on citizen participation in the creation of information and communication technologies (ICT) solutions to development problems, building on the success of the Cairo WaterHackathon. …

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North Africa: Waiting Game

As new and emerging governments establish political office in Egypt, Libya and Tunisia, strategies to tackle economic exclusion are still lagging. From the self-immolation of 26 year old Tunisian fruit trader Mohamed Bouazizi in protest at the confiscation of his stall, the Arab Spring has economic roots. For the last year, North Africa’s focus has been on political reform and …

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Takaful Emarat launches Shariah-compliant investment fund

Dubai, UAE, March 5, 2012 – Takaful Emarat, the UAE-headquartered Shariah-compliant life and health insurance company, is joining forces with Saudi Arabia’s Riyad Capital to launch a new Shariah-compliant, capital-protected global equity investment fund. Having endorsed further rapid growth this year in the takaful sector at the recent Eighth Middle East Insurance Forum in Bahrain, Ghassan Marrouche, Chief Executive Officer at Takaful Emarat, …

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Emirati companies to implement service projects in seven Iraqi provinces

BAGHDAD – Twenty three companies from the United Arab Emirates seek to implement various service projects in seven Iraqi provinces, said the Ministry of Municipalities and Public Works today. The media adviser for the ministry Jassim Mohammed told AKnews that the companies will implement water purification plants, streets paving and sewer pipes in the provinces of Dhiqar, Basra, Kirkuk, Missan, …

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Victorians Connect For Business In The Middle East & North Africa

The Victorian Connection, a Victorian Government initiative to develop investment and trade opportunities in global markets, was launched today in Dubai by the Minister for Innovation, Services and Small Business, Louise Asher.

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Egypt’s scientists savour post-revolution year

[CAIRO] Scientists have been reflecting on the astonishing gains that the Egyptian revolution has delivered them, as the first anniversary of Egypt’s Tahrir Square uprising approaches next week (25 January).

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