Saturday 18 April 2015
 
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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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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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Foreign energy firms owed $3.3bn by Egypt

Egypt owes foreign energy firms $3.285 billion having paid them $9.369 billion in arrears in the nine months to March 31, an oil ministry spokesman told Reuters.   The ministry told Reuters last

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Saudi Arabia drawing down FX reserves to cover deficit

Saudi Arabia has begun drawing down its foreign currency reserves for the first time since 2009 to cover a record state budget deficit caused by the plunge in oil prices, data from the Saudi central bank indicated on Thursday. Tens of b

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‘Expats more likely to have TB than Bahrainis'

Foreign workers in Bahrain are more likely to have tuberculosis than Bahrainis, according to experts. Health Ministry statistics for the last 10 years indicate that there are up to 26 cases per 100,000 foreign arrivals, said a rep

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Top Bahraini minister wins social media award

Bahrain’s Foreign Minister Shaikh Khalid bin Ahmed Al Khalifa has won the award for Best Arab Political Figure in Social Media. He received the award from UAE Vice-President, Prime Minister and Ruler of Dubai Shaikh Mohammed

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Expat workers paid in wages row in Bahrain

More than 100 foreign workers in Bahrain who went on strike over non-payment of salaries have finally collected their wages for January and February, following the intervention of diplomats and labour officials. The men work for M

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Foreign investment sought for Bahrain’s pearling industry

Bahrain’s pearling industry is being opened up to foreign investment as the government looks to attract private companies to replace the country's existing Pearl and Gem Testing Laboratory. A Royal Decree amending the Pe

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New medical plan for expats in Bahrain

A new health care scheme for private sector foreign employees was launched in Bahrain yesterday (January 6). Each private company must pay an annual BD72 ($189.8) per expat employee on renewing work permits at the Labour Market Re

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Foreign investors in Bahrain 'can tap US market benefits'

Foreign investors have been told that by setting up manufacturing in Bahrain, they can get duty-free access to the US market, provided they add 35 per cent domestic content within the kingdom. At a panel discussion hosted by the A

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