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Diversification helps GCC surge in global markets
Gulf economies are witnessing transformative growth and resilience with the UAE, Saudi Arabia, and Qatar leading the way in global competitiveness, says a report.
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Global HQs help Saudi youth boost skills, get jobs
The presence of multinationals promises a transfer of expertise and skills, enhancing opportunities for Saudi youth and contributing to the Kingdom's diversification. -
Dubai set to navigate new realty landscape this year
In 2024, the real estate sector is expected to continue to evolve, offering challenges and opportunities for investors and residents alike despite global uncertainties. -
GCC realty builds on diversification, sustainability
The Gulf real estate sector demonstrates remarkable resilience, buoyed by strategic economic diversification and a focus on sustainable and innovative urban development. -
Sudanese pound stays strong despite ongoing conflict
Dr Gharaibeh attributes Sudan's monetary stability to the localized conflict in Khartoum and increased reliance on local investment, compensating for the decline in foreign investment. He further emphasizes that the capital flight from Sudan has been minimal, due to the conflict being concentrated in Khartoum. -
Rise in legal awareness leads to fewer labor disputes
An improved awareness of laws among companies and individuals, as well as successful awareness campaigns conducted by ADJD in collaboration with strategic partners, led to 40 percent drop in labor disputes in the Gulf country compared to the same period in 2021, Al Abri points out. -
New Saudi law brings in new businesses, more FDI
The New Companies Law simplifies the procedures to set up foreign businesses in Saudi Arabia, and removes several restrictions, says James Swallow of PRO Partner Group. -
Masdar City, ADGM ink pact to  strengthen foreign investment in Abu Dhabi
ABU DHABI, UAE - Masdar City and the Abu Dhabi Global Market (ADGM) Thursday signed a Memorandum of Understanding (MoU) to strengthen foreign investment in Abu Dhabi and support innovation that enhances the UAE’s economic competitiveness. The agreement was signed by Ahmed Baghoum, the acting CEO of Masdar City, and... -
Policy reforms help Saudi FDI inflow rise 326%
The Kingdom seeks to increase its net FDI inflow by 1,816 percent between 2021 and 2030, raising it to $103.5 billion annually by 2030, up from $5.4 billion in 2020. -
Foreign investment in Egypt’s oil sector drops 26% to $5.4bn
Foreign investment in the oil sector of Egypt has dropped 26.02 percent to $5.4 billion in the current financial years, compared to $7.3 billion a year before. -
Abu Dhabi makes commercial, industrial activities available for foreign ownership
Abu Dhabi Department of Economic Development believes the decision will attract further foreign investment Department amends law to enable 100 percent foreign ownership Natural and legal non-citizens in Abu Dhabi can now fully or partially own as many as 1,105 registered commercial and industrial activities. This became possible after the...