Jordan Free and Development Zones Group Director Arwa Hiyari said the beach project is aimed at diversifying tourism.

For the first time, direct investments supervised by Qatar Development Bank in SMEs has exceeded QR 100 million ($27 million). The total amount of direct and indirect investments in the bank’s portfolio has reached QR 220 million, supporting nearly 100 companies operating and providing highly skilled jobs and innovative services...

President of the Jordan and Amman Chambers of Industry Fathi Jaghbir said Saturday that the National trade window to facilitate investments and improve the business environment is a key reform leap.

Al Moammar and Saudi Fransi Capital sets up a private fund.

The United States, in coordination with the G7 and European Union, will ban "all" new investments in Russia on Wednesday in its latest round of sanctions, a source said. The joint measures, in response to Russia's invasion of Ukraine and alleged carrying out of atrocities, "will include a ban on...

As foreign investors seek to take advantage of investment opportunities in the region, KSA and UAE get billions of dollars injected into their economies.

The Global Entrepreneurship Congress is expected to see 40 agreements being signed between government agencies and major corporations.

Hub71, Abu Dhabi’s global tech ecosystem, said on Wednesday that its startup community secured AED 30 million ($8.1m) in 2021 through more than 20 corporate deals. Since its inception in 2019, the affiliated startups have bagged AED1.5 billion of investments and create about 1,000 jobs, while the aggregate valuation of...

The Ajman Business Women's Council and Umm Al-Moumineen Women's Association in Ajman will now work together to empower women. The two parties signed a pact regarding the same which also involves enhancing cooperation and implementing joint initiatives and projects related to women empowerment. Also, the pact aims to strengthen women's...

It is a first-of-its-kind center in King Abdullah Financial District.

Bahrain's Minister said the private sector plays a key role in strengthening bilateral relations, as it boosts the volume of trade exchanges.

Dubai Electricity and Water Authority (DEWA) announced that the number of electricity accounts reached 1.06 million by the end of 2021 compared to 752,505 at the end of 2016, an increase of 41 percent. The number of water accounts reached 960,032 by the end of 2021 compared to 666,006 accounts...

UAE’s Minister of Industry and Advanced Technology, and UAE Special Envoy for Climate, Sultan Ahmed Al Jaber has said that the UAE views climate action as a key enabler of stability and economic prosperity.

The Saudi decision to transfer 4% of Saudi Aramco shares worth $80 billion to the kingdom’s Public Investment Fund is designed to shore up the sovereign wealth fund.

More than 50,000 coffee shops and restaurants scattered all over the kingdom help Saudi economy relish growth on the back of rising demand in food industry.

He noted that the roadmap should outline the way to guarantee sustainable comprehensive development and provide economic opportunities.

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.

The new tax -- to be implemented in the UAE from 1 June 2023 -- comes at a time when speculations are rife that other Gulf countries might also impose taxes on economic sectors.

Even in the face of the ongoing COVID-19 pandemic, policy changes, technology disruption and other challenges, positive structural forces remain apparent and are likely to foster fresh investment opportunities across emerging markets. Digitalization and decarbonization will also play key role in pushing up the markets, he adds.

The production capacity of the first project of the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park has increased from 300 megawatts to 330 megawatts, CEO of Dubai Electricity and Water Authority Saeed Mohammed Al Tayer said in a statement. The increased production results from using the...

Oman and the United Kingdom have agreed to bolster relations and high-value investment volume, Omani media reports said. To this effect, an agreement of partnership was signed in London between the Oman Investment Authority and the British Office for Investment. The agreement of partnership aims to invest in specific fields,...

The Saudi Arabian oil company Aramco, the world’s largest integrated energy and chemicals company, is expanding its global downstream presence with investments in Poland’s refining, wholesale, and jet fuel marketing segments. The company has agreed to acquire equity stakes of 30 percent in a 210,000 barrels per day refinery in...

Dubai Integrated Economic Zones (DIEZ) Authority has appointed a new leadership team to drive its free zones and central divisions. Amna Lootah was appointed as a Director General DAFZ to lead and implement strategic plans according to the approved structure, driven by its vision, mission, and values. Further, Lootah will...

Dubai's real estate market recorded 84,772 transactions representing a value of AED300 billion ($81 billion) in 2021, according to the annual transaction report issued by the Dubai Land Department (DLD). The report revealed a 65 percent growth in the number of transactions and a 71 percent increase in value compared...

Several countries in the region have already formed AI policies to support their national goals after this technology demonstrated its ability to serve in several areas.

As the startup ecosystem takes off in the MENA region, TRENDS helps experts deliver valuable advice for entrepreneurs.

Investment opportunities also exist in IT solutions for Jordan's financial sector and enterprise solutions and emerging applications. In addition, Jordan is experiencing an influx of investment to develop software-dependent sectors such as transportation, tourism, energy, and water, the Jordanian minister adds.

The UAE government on Sunday announced the launch of the UAE Railways Programme, the largest integrated system for transporting goods and passengers across the country. The program was announced in the presence of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and Sheikh Mohamed...

Morocco can attract big Indian investment due to its talented human resources and an impressive investment climate, said Ashwath Narayan, Minister of Technology of India's Karnataka State. Local media reports said the Indian minister was a part of the meeting involving Director-General of the Moroccan Agency for the Development of...

The Public Investment Fund, which seeks to lessen the Kingdom's reliance on oil as part of Vision 2030, eyes both local and international markets

The kingdom's sovereign wealth fund is critical to its economic goals as it channels returns from foreign investments into non-oil sectors in a bid to diversify the economy.

Net profit for the third quarter stood at AED 32 million.

Etihad Credit Insurance and Indonesia Re, the state-owned reinsurance agency of Indonesia, have signed an MoU to boost bilateral exports and investments through their trade credit insurance, reinsurance and guarantees. Under this agreement, the two agencies will work on easing trade and export between UAE and Indonesia, facilitating access of...

The agreement is part of the UAE’s endeavors to strengthen and activate means of economic and investment cooperation globally.

More than 150 new companies joined in5 since 2020, bringing the grand total of start-ups supported by the incubator to 500. Of these, a quarter are led and managed by female entrepreneurs nearly twice as high as the regional average of women-owned SMEs, according to the World Bank

Egypt, the most populous nation in North Africa, has already seen some investments from the AFC.

Global economic transformation has pushed governments to implement various programs and reform investment rules to make them more flexible to attract foreign investment. Golden Residency is an outcome of such reforms.

Blessed with year-round sunshine, North Africa has enormous potential for solar energy, but the huge investment and state subsidies required for large-scale projects are a challenge for cash-strapped governments. The IEA said North Africa increased its renewable energy production by 40 percent. But addiction to fossil fuels hasn't waned.

    The Saudi-Chinese Business Council has showed the Chinese side Saudi Arabia’s plan to attract more Chinese investments into the country The council highlighted the Saudi “legislative reforms that are expected to increase investments between the two sides”   The Saudi-Chinese Business Council in Riyadh on Tuesday, June 15,...