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Tag Archives: Investment

EIB conference in Egypt calls for private sector to lead new push for investments in the Mediterranean region

The EU bank provided finance of EUR 1070.6 million in 2016 to support private sector development in the southern Mediterranean region. The drive for jobs and growth in the Mediterranean region should be led by the private sector. This was the call today, as the European Investment Bank (EIB) held an international conference in Cairo dedicated to “Boosting investments in …

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China State to help revive stalled Dubai Motor City project

Union Properties has signed a memorandum of understanding (MoU) with China State Construction Engineering Corporation (CSCEC) to expedite the build-out of its revived Motor City project. The companies signed an agreement at Dubai Cityscape Global real estate exhibition to build out the whole of the project. This will cost 8 billion dirhams $2.2 billion) and will be completed within four …

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Abu Dhabi Global Market and China’s Qianhai Authority partner to promote investment and FinTech cooperation

The Financial Services Regulatory Authority, FSRA, of Abu Dhabi Global Market, ADGM, and the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, Qianhai Authority, have entered into a new partnership to develop and promote closer investment and financial innovation opportunities and collaborations for enterprises in Qianhai, Hong Kong and Abu Dhabi. In support of China’s One Belt One …

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Egypt’s investment law executive regulations to be finalised in 10 days

Egypt’s Investment Minister Sahar Nasr will finalise the executive regulations for a newly issued investment law within 10 days and submit them to the prime minister for approval, she told Reuters on Saturday. “I formed a ministerial committee which I head with all relevant ministries and stakeholders including private-sector representatives and parliamentarians. The committee is finalising the draft for submission …

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Careem set to launch in Palestine

Careem, a ride-hailing service in the Middle East and North Africa, will launch in Palestine on June 15, it announced on Tuesday. Starting in the city of Ramallah and expanding to more locations in the near future, Careem says it hopes to highlight the opportunity the Palestinian tech ecosystem provides to local businesses. Careem’s investment in Palestine falls in line …

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Prince Alwaleed Joins Bill Gates in Supporting Energy Investment Fund with $50 Million

HRH Prince Alwaleed Bin Talal Bin Abdulaziz AlSaud, Chairman of Alwaleed Philanthropies, announced supporting the Breakthrough Energy Ventures (BEV) with $50 million, through joining Bill Gates and members of the Breakthrough Energy Coalition (BEC) in their commitment to invest more than $1 billion in energy technologies. Breakthrough Energy Ventures (BEV) is an investor-led fund that will finance emerging energy breakthroughs …

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Huawei supports Saudization and offers jobs to fresh graduates

As part of its plans to attract Saudi talent and support the Kingdom’s 2030 vision, Huawei Tech Investment Saudi Arabia is hosting a two-day recruitment drive on 23-24 November at the Engineering Faculty of King Saud University, in Riyadh. Held under the theme “Grow Together”, the 2-day event is in line with Huawei’s strategy to support the advancement of the …

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Bahrain’s GFH appoints Hammad Younas as head of investment management

GFH, the Bahrain based financial group, today announced the appointment of Mr. Hammad Younas as Head of Investment Management. In this capacity, Mr. Younas will manage the overall investment business of the bank including Asset Management, Private Equity and Corporate Investments. Mr. Younas brings to his role at GFH more than 18 years of experience in Islamic and conventional investment …

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MoU to boost investment between SA, Egypt

By– SAnews.gov.za Pretoria – South Africa and Egypt have signed a Memorandum of Understanding (MoU) that will boost investment between the two countries, said the Department of Trade and Industry (dti). The MoU was signed between Investment South Africa and its Egyptian counterpart General Authority of Investment and Free Zones (GAFI). “The MoU is designed to conduct an effective and …

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Jafza-Japan explore investment opportunities in the region

The Free Zone organizes Japanese Business Forum. Dubai, United Arab Emirates – Jebel Ali Free Zone (Jafza), Dubai and the UAE’s flagship trade and logistics hub for the wider Middle East region and Africa organised the Japanese Business Forum, recently, to promote trade relations and explore future opportunities in various sectors. The forum, graced by Hisashi Michegama Consul General of …

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