Sunday 2 August 2015
 
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investment

Saudi private sector eyed for $186bn power spend

Saudi Arabia’s private sector is expected to contribute a large percentage of the SR700-billion ($186.5 billion) investment needed in the next 10 years by the kingdom’s electricity sector, said a top official. The coun

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Saudi private sector eyed for $186bn power spend

Saudi Arabia’s private sector is expected to contribute a large percentage of the SR700-billion ($186.5 billion) investment needed in the next 10 years by the kingdom’s electricity sector, said a top official. The coun

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China focuses on tourism to lift domestic spending

China is seeking to promote tourism and lift domestic spending with measures ranging from boosting investment in tourism spots to encouraging companies to give employees paid leave, the cabinet said on Wednesday. Regulations for holiday

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Mena govts ‘eyeing new taxes to meet budget’

Mena governments are considering new tax measures to broaden their revenue base and increase tax yields in a bid to preserve economic stability and continue with development plans, according to experts at a recent summit in London.

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Iran offers state assets to foreigners in investment drive

Iran offered to sell state assets to foreigners, said it would cut the government's role in the economy and pledged a tight monetary policy as it sought to attract billions of dollars of investment from abroad after over a decade of isolatio

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Hydrocarbon investment ‘is facing risks globally’

Given the availability of solar power at four cents/kWh, a price with which crude oil could only compete if offered below $7/barrel, the ‘carbon bubble’ is expected to burst, family office Wermuth Asset Management has warned.

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Pact to invest $216m in Egypt real estate

Pact Real Estate Group, a newly established firm that entered the Egyptian market in 2014, plans to invest about EGP1.7 billion ($216.5 million) over the coming 10 years, a report said. The company will focus on new destinations w

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IIB donates to Alia for Early Intervention Center

The International Investment Bank has donated to Alia for Early Intervention Centre, a school run by the Bahrain Society for Children with Behavioural and Communication Difficulties, as part of its community outreach. Fareed Bader

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Ibdar Bank appoint new chief investment officer

Ibdar Bank, a Bahrain-based wholesale Islamic investment bank, has appointed Ahmed Al Rayes as its chief investment officer (CIO). Effective tomorrow (July 9), Al Rayes will be responsible for leading the investment and wealth man

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Abraaj exits pan-African insurance investment

The Abraaj Group, a leading investor operating in global growth markets, has announced the completion of the full exit of its investment, through one of its funds, in UAP Holdings Limited, a pan-African insurance holding company with subsidiarie

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