Cabinet: FDI Intelligence upgrades Egypt position on map of foreign investments
The FDI Intelligence has upgraded Egypt's position on the map of foreign direct investments, the Cabinet media center said Monday....
Business & Economy
IFC invests $5.6bn to support private sector in Middle East and Africa
The International Finance Corporation, a member of the World Bank Group, invested $5.6 billion (Dh20.56bn) to support the private sector...
Qatar-US economic partnership strengthens to $185bn, plans to further bolster ties
The bilateral economic ties between Qatar and the US are robust and deep. The level of economic partnership between two...
Introduction of VAT to give Oman’s economy $780mn boost
There is never a great time to introduce valued added tax (VAT), but Omanis and those living in the Sultanate,...
Saudi economy to grow 3% during 2021-24
Saudi Arabia's economy is expected to grow at an average rate of around 3% during 2021-24, nearly double the average...
Contract for Oman’s key road development
Oman’s Ministry of Transport has awarded a contract to Galfar Engineering and Contracting for the Adam-Thumrait road project. The package...
French investments, trade exchange with Egypt record €5bn, €3bn respectively
Current French investments in Egypt stand at €5bn, and trade exchange reaches €3bn, according to Hassan Behnam, Managing Director of...
UDC enters into financing agreement for developing villas complexes in Floresta Gardens
United Development Company (UDC) has entered into a financing agreement for developing residential villas complexes and infrastructure in Floresta Gardens...
Bahrain adds $470mn in expenditures to 2020 budget for coronavirus impact
Bahrain will add around 177 million dinars ($470 million) to its 2020 state budget in emergency spending on fighting the...
Foreign direct investment projects in Oman up 7%
The number of foreign direct investment (FDI) projects in Oman was up 7% last year, the Arab Investment and Export...
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