UK to ban foreign state ownership of British newspapers
London, United Kingdom--The UK announced Wednesday that it plans to bar overseas governments from owning British newspapers, a move that could scupper the contentious Abu Dhabi-led takeover of the Telegraph Media Group. Stephen Parkinson, a media minister, announced in the upper-chamber House of Lords that the Conservative government would amend proposed...
Qatar says won’t muzzle F1 drivers over human rights
The country has been the target of protests by several football teams over its treatment of foreign workers. Its motorsports chief says Qatar has been open to criticism.
Iran says it will resume Vienna nuclear talks
Tehran has decided to resume nuclear talks in Vienna after the new administration reviewed the previous round of talks, Iran’s Foreign Ministry Spokesman Saeed Khatibzadeh said.
UAE deepens partnership with 14 countries to proscribe laundering of money
The United Arab Emirates Expert Group for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) has continued to hold productive meetings with key partners to discuss AML/CFT matters.
Dubai business licenses issued in Aug register 54 percent growth
The growth reflects the ease of doing business in the Emirate and the government's measures to simplify procedures for businesses.
Saudi mining law may pave way for ‘incredible’ investment in $1.3trn sector
Saudi Arabia is confident that its new mining law will lure private investment from the kingdom as well as abroad as it seeks to exploit an estimated $1.3 trillion of potential value in the sector.
Saudi Arabia to regulate foreign investment
Looking to protect many sectors of its economy from the competition that the foreign companies will present, Saudi Arabia has formed a new committee to regulate foreign investments.
Egypt’s foreign reserves leap up to $40.67bn in July
Egypt's net foreign reserves have risen to $40.672 billion in August from $40.609 billion in July, the central bank said on Monday.
UAE seeks $150bn in foreign investments, eyes stronger trade ties in Asia
The United Arab Emirates is seeking to lure $150 billion in foreign investments as part of a broad nine-year plan to strengthen its trade and economic ties in Asia and Africa.
Saudi net foreign assets dip by $4.4bn in July
Saudi Central Bank’s (SAMA) net foreign assets suffered a $4.4 billion drop in July, SAMA data showed on Sunday.
ADNOC emerging as UAE’s FDI magnet
Besides wooing $74 billion investments, the oil giant has helped the country gain the top position in the Middle East on Kearney's FDI index in 2021 after rising four spots globally.
Foreign investors help DFM post $10.56m net profit in H1
The net profit of the Dubai Financial Market hit AED 15.3 million in the second quarter of 2021 compared to AED 44.2 million in the corresponding quarter last year.
Tunisia pays $506m in foreign debt, as economy falters
The country has seen its economy contract by more than 8 percent last year, and its pile of debt has made it more worse
Saudi Arabia to auction mining licenses in 2022
World’s biggest oil exporter looks for foreign investments into a sector that has $1.3 trillion in untapped potential reserve value Saudi Arabia’s mining industry has already attracted some major foreign investors Saudi Arabia intends to auction two major mining licenses in 2022 for gold, copper, and zinc as the world’s...
Egypt’s foreign-currency reserves shot up to $40.3bn in May
The rise has been due to remittances sent by Egyptians working abroad According to the Ministry of Planning, the reserves cover eight months of Egypt’s imports Egypt’s foreign reserves shot up to $40.3 billion at the end of May, a jump of $125 million from the month of April. The...