BP announces $7bn gas project
The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.
AD Ports Group and Turkiye Varlik Fonu sign partnership agreement
AD Ports Group and Turkey’s Turkiye Varlik Fonu signed a strategic partnership agreement to collaborate on major investment opportunities for port development and operations besides coordinating efforts to examine other logistics-related investment projects within Turkey. Under the terms of the agreement, the two organizations will also collaborate in establishing a...Abu Dhabi crown prince makes first Turkey visit in decade
Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed held talks with Turkish President Recep Tayyip Erdogan in Ankara on Wednesday, opening a new chapter in relations between the regional rivals. Later the UAE announced a $10 billion fund for investments in Turkey, state media reported.Companies in UAE should invest in technology to stay ahead of digital curve: Microsoft Hololens chief
With the current global circumstances accelerating the need for immersive tools such as augmented reality and virtual reality, businesses across the UAE must invest in technologies in order to stay ahead of the digital curve, Maria Pace said. She was speaking at the ‘Immersive Technologies: Unlocking a Mixed Reality’ panel...Qatar and PSG, a lasting bond beyond the 2022 World Cup
Qatar's investment in French giants Paris Saint-Germain, and its use of the club as a central tool for the gas-rich emirate's soft power diplomacy over the past decade, is unlikely to change after next year's World Cup, experts predict.Trade between Jordan and UAE grows to $891m in 2021
Trade between Jordan and the United Arab Emirates has grown to $891 million during the course of last year, and the UAE has invested some $17 billion in Jordan, in a sign of strong economic ties.DP World launches e-commerce site Dubuy in Kenya
Dubuy.com aims to provide Kenya a secure and reliable way for its businesses to grow.ADNIC nine-month profit at $90m
Its profit in the first nine months last year was $77 million.Dubai’s transport infrastructure projects saved AED220 billion: RTA
This was revealed by the Director-General, Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA) attar Mohammed Al Tayer during his keynote speech at the 18th IRF (International Road Federation) World Meeting and Exhibition, titled "Roads to Tomorrow: Dubai’s Pathway to Sustainable Mobility" on Monday.PIF of Saudi Arabia looks to invest in China
Public Investment Fund of Saudi Arabia is looking to diversify investments into Chinese companies after having confined its overseas holdings to the US and Europe.Bahrain plan eyes $2.5bn fresh direct investment by 2023
The primary aim of the plan is apparently to create quality jobs and enhance Bahrain’s economic competitiveness.Finfluencers turn to TikTok to peddle investment advice
Across the globe, investment gurus in their 20s are building huge followings on social media.DP World and Indonesia Investment Authority plan $7.5bn long-term investment
DP World and the Indonesia Investment Authority (INA) have signed an agreement to form a consortium and working team to explore investments into the logistics infrastructure in Indonesia. The investments, which could reach $7.5 billion in the long run, would include inland terminals, cargo parks, feeder network systems, landside transport...Sharjah Chamber and Kazakhstan to explore investment opportunities
The Sharjah Chamber of Commerce and Industry (SCCI) and Kazakhstan have discussed ways of benefiting from promising investment opportunities in the two countries, especially in the tourism, industry and infrastructure sectors. During a meeting held recently at Expo 2020 Dubai, Abdullah Sultan Al Owais, Chairman of the SCCI, explored with...Dubai increases ease of doing business by more than half
This was more than double the target of 30 percent reduction in business setup procedures that the emirate had set earlier this year.Qatar and Rolls Royce set up a fund to invest in green projects
Qatar has tied up with Rolls Royce to set up a fund worth billions, investing in green engineering projects with a focus on an engineering hub in the UK. The project has the potential to create 10,000 jobs.UK and Saudi Arabia sign pact to promote direct investment
Saudi Arabia and the United Kingdom signed a Memorandum of Understanding, which is aimed at the promotion of direct investment between the two countries. This includes establishing and expanding Saudi-based companies in the UK while also enabling the establishment and expansion of UK-based companies in Saudi. The MoU is also...Sharjah-Sao Paulo Business Forum explores economic cooperation
A forum organized by the Sharjah Chamber of Commerce and Industry (SCCI) brought together more than 100 businesspersons from the UAE and Brazil to discuss cooperation and investment opportunities. The Sharjah-Sao Paulo Business Forum on Wednesday highlighted joint investment opportunities, encouraged cooperation and partnerships in various economic sectors. The forum...Saudi Arabia picks HSBC to spot “investment opportunities”
Saudi Arabia has roped in HSBC to “identify and promote” sustainable investment opportunities. The agreement between the two was signed at the Future Investment Initiative conference in Riyadh.Saudi-Swiss investment to touch $3.2bn by 2030
The Saudi-Swiss Investment Forum aims to touch $3.2bn of financing by 2030. The body, launched on 25 October in Riyadh, will also back Swiss companies who want to invest in the kingdom.Evergrande shares rise
The Chinese firm has restarted work on 10 projects.560 foreign firms operate in Al Wusta governorate of Oman: Official
As many as 560 foreign companies are operating in the Omani governorate of Al Wusta and their capital investments by the end of September 2021 reached Omani Riyal 1.3 billion ($3.37 billion), an official said. Abdoon Mohammed Al Harsoosi, Director of Commerce, Industry and Investment Promotion inaaaa Al Wusta, said...Dubai approves Hatta master development plan
The Hatta master development plan is said to be aimed at developing Hatta, an exclave of Dubai, into a tourist spot that will also serve as a local and international destination for business and investment. It is expected to be implemented as part of a five-year development plan in the...STV sets its sights on $1bn Middle East tech fund
STV is aiming to raise at least $1 billion for its second Middle East technology investment fund, making it potentially the biggest fund of its kind in the regionQatarEnergy partners for UK project
This is QatarEnergy and Shell’s first hydrogen agreement.New Zealand passes law to make banks report climate impact
New Zealand has passed a law that will force banks to reveal the impact of their investments on climate change. The law has been described as a world-first move to make the financial sector's environmental record more transparent.Marjan lands $272m RAK project
Dubai Investments and Marjan have tied up for the project.UAE makes up 88% of GCC investment in Sub-Sahara Africa
Over 3,000 government officials, business leaders and industry experts representing 91 countries took part in the 6th Global Business Forum (GBF) Africa in Dubai, conducted by the Economist Intelligence Unit, which featured two days of thought-provoking sessions highlighting business opportunities emerging across the continent.Sabic leads low-carbon plan
Sabic, WEF, and global companies will formalize the plan.Response Plus Holding of UAE posts net profit of $10.9m
Response Plus Holding, the UAE healthcare investment and management firm, has posted a net profit of $10.9 million during the first nine months of the year.Oman and Lebanon explore new trade avenues
Businessmen and stakeholders from Oman and Lebanon have discussed investment and trade exchange.UAE discusses trade partnership with South Korea
The UAE and South Korea have discussed the prospect of pursuing a Comprehensive Economic Partnership Agreement to strengthen economic ties, enhance investment opportunities, and firm up bilateral cooperation between the two countries.UAE, Senegal to set up joint business council
The MoU was signed on the sidelines of the Expo 2020 Dubai in the presence of President Macky Sall of Senegal.Saudi Arabia looks to boost the country’s GDP to $1.71 trillion
Saudi Arabia seeks to boost its economic output to reach $1.71 trillion, Saudi Investment Minister Khalid Al-Falih said on Wednesday.Saudi EXIM Bank joins Berne Union
This will help the bank address major issues in export credit.DP World and UK’s CDC Group to create Africa investment platform
DP World will contribute its stakes in three existing ports and invest $1 billion over the next few years through an investment platform to be created in partnership with CDC Group (CDC), the UK's development finance institution and impact investor. The platform covers a long-term investment period. CDC is committing...Oman’s pavilion draws visitors eager to learn about investment in the country
More than a hundred thousand people paid visit to Oman’s pavilion in the first nine days of Expo 2020, according to the state news agency ONA.DEWA gets $10.9bn via IPWP model
DEWA used the IPWP model in a number of its key projects.Iran needs $22bn to maintain gas output
Iran’s Oil Minister Javad Oji has reportedly said the country requires at this investment to maintain the production level of the gas fields over the next six to eight years. Meanwhile, a project to study methods to increase the recovery factor gas fields will start by late March 2022.Fedex arm plans Saudi growth
FedEx Express is a subsidiary of FedEx Corp.Kuwait to tap parks, open spaces for investment
The Kuwaiti cabinet has instructed the Public Authority for Agricultural Affairs and Fish Resources to plan for this.Abu Dhabi discusses investment cooperation with Egypt
The Abu Dhabi Development Fund received a delegation from the Central Bank of Egypt.Investcorp expands US holdings
Mubadala is biggest shareholder of asset manager Investcorp.Apicorp green bonds fetch $750m
Apicorp is a multilateral development financial institution.Jordan to support industry with national projects
Jordan’s Ministry of Industry, Trade and Supply will be establishing these projects as part of its implementation of the government's economic priorities towards improving investment environment in the country. This requires a review of the current support and incentive program for industrial activities.Kuwait private sector partner in boosting trade ties: UAE chambers
KUWAIT: A delegation from the Federation of UAE Chambers of Commerce and Industry and officials of the Kuwait Chamber of Commerce and Industry have discussed ways of boosting cooperation and promoting investment opportunities in the two countries. The discussion happened at a meeting attended by Abdullah Mohamed Al Mazrouei, Chairman...Al-Rajhi Capital predicts Saudi oil revenues to touch $145.3bn at the end of 2021
Al-Rajhi Capital believes that Saudi oil revenues will touch $145.3 billion at the end of 2021, while total state revenues could go up to $246 billion. The assessment was made on the Saudi budget forecast released on Thursday.Oman looks to tap Brunei for cooperation
Oman’s Foreign Minister Sayyid Badr Hamad Al Busaidi and Brunei Darussalam’s Second Foreign Minister Dato Seri Setia Haji Erywan bin Pehin Datu Pekerma Jaya Haji Mohd Yusof met to discuss joint investments.Ukraine looks to bolster investment cooperation with GCC, especially Kuwait
Ukraine is looking to bolster investment cooperation with the Gulf Cooperation Council (GCC) countries, especially Kuwait.Sharjah, Saudi Arabia discuss real-estate investment
The discussions took place between the Sharjah Chamber of Commerce and Industry and the National Real Estate Committee of the Federation of Saudi Chambers on various ways to explore investment opportunities in the real-estate sector.Iraqi Kurdistan seeks to attract Turkish investors as gateway to wider markets
DUBAI: Iraq's Kurdistan is a gateway for Turkish firms to explore the wider Iraqi market, President Nechirvan Barzani said as he sought to lure Turkish investors on Sunday by promising them business opportunities in the semi-autonomous region. Given the size of the Iraqi market, Turkish firms have many investment opportunities...