Thursday 2 July 2015
 
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Saudi foreign assets dip after dollar surge

The net foreign assets at Saudi Arabia’s central bank fell to SR2.521 trillion ($672.2 billion) in May, down by $6.6 billion or one per cent from the previous month as the kingdom continued to draw down reserves to cover a budget gap cause

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Foreign embassies in Bahrain brace for amnesty rush

Foreign embassies in Bahrain are bracing themselves for an anticipated rush of illegal residents seeking to take advantage of a six-month immigration amnesty that starts today (July 1). Between now and December 31 anyone who is in

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Foreign investment in Bahrain hits $1bn

Inward foreign direct investment (FDI) in Bahrain was nearly $1 billion at the end of last year, a report has found. The United Nations Conference of Trade and Development’s (UNCTAD) World Investment Report 2015, launched re

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HSBC wins Saudi foreign investor licence

HSBC Holdings has received a qualified foreign investor licence in Saudi Arabia and traded shares on the bourse yesterday (June 15), the first day that direct foreign investment was allowed, the bank said. Saudi Arabia’s Cap

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Qatar Rail's awareness programmes to help expat workers

Qatar Railways Company, in collaboration with the Ministry of Interior, and in the presence of representatives from the Ministry of Labour and Social Affairs, has launched an awareness programme for foreign employees and labourers working on Qat

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Qatar Rail's awareness programmes to help expat workers

Qatar Railways Company, in collaboration with the Ministry of Interior, and in the presence of representatives from the Ministry of Labour and Social Affairs, has launched an awareness programme for foreign employees and labourers working on Qat

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Bahrain pearling to be opened up for foreign investment

Bahrain’s pearling industry is being opened up to foreign investment. The government wants private companies to replace the kingdom's existing Pearl and Gem Testing Laboratory, said a report in the Gulf Daily News (G

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Bahrain pearling to be opened up for foreign investment

Bahrain’s pearling industry is being opened up to foreign investment. The government wants private companies to replace the kingdom's existing Pearl and Gem Testing Laboratory, said a report in the Gulf Daily News (G

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New arbitration law approved in Bahrain

Foreign lawyers could be asked to step in to settle commercial arbitration cases in Bahrain. The Parliament yesterday (April 28) approved the new government-drafted law on arbitration, despite the legislative and legal affairs com

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Foreign investments in Saudi grow 5 times to hit $279bn

Saudi Arabia’s foreign investments have grown by five times over the last ten year, resulting in over SR1,050 billion ($279.7 billion) worth of investments across various industry verticals in the kingdom, according to recent report.

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