Wednesday 10 February 2016
 
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Saudi Othaim to invest $300m in Egypt

The Saudi Othaim For Leisure & Tourism is set to invest $300 million in Egypt over the next five years, according to a report.   The company will open two new projects in Cairo this year, said the Egypt I

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Bahrain urged to invest in culture

Investing in culture is a viable option for Bahrain to increase its revenues in the face of lower oil prices, according to an expert. French gallery owner Kamel Mennour claimed cultural investment provided economic returns through increased to

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Saudi's Kingdom Holding among group investing $247.7m in Lyft

Saudi Arabia's Kingdom Holding, the investment firm of billionaire Prince Alwaleed bin Talal, said on Thursday it had led a group of investors which bought 5.3 per cent of US ride-hailing firm Lyft for $247.7 million. Lyft, Uber Tec

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Bahrain forum to focus on investing in culture

A forum centred around the importance of investing in culture will take place next month in Bahrain. Leading personalities in culture will attend the Investing in Culture Forum to discuss the social and business impact of the industry, said a

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Aster DM plans $26m expansion in Bahrain

A private healthcare provider plans to invest another BD10 million ($26.3 million) in Bahrain, with the opening of four additional clinics and a multi-speciality hospital in the next five years. Aster DM Healthcare opened its first clinic, the

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Egyptian coatings maker builds $12.5m Indian plant

Kapci, an Egyptian paints and coatings manufacturer, has invested $12.5 million on a new factory in India, which will begin operations within the second half of next year, according to a report.   The 50,000-m fa

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IMC opens Mideast office in Dubai

The Investment Migration Council (IMC), the Geneva-based citizenship-by-investment industry standard setting body, has opened its Middle East office in Dubai, UAE this week.   It is being represented by Citizensh

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Bahrain’s private firms urged to set up new projects

Bahrain’s private sector businesses were urged to set up new projects to help the country’s economy. They should also support the government’s efforts to provide jobs and training opportunities, said a report in the Gulf

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Bahrain to showcase investment potential

Bahrain is to showcase its investment potential at a major symposium. The Industry, Commerce and Tourism Ministry is organising the 10th edition of Invest in Bahrain 2015 under the auspices of His Royal Highness Prime Minister Prince Khalifa b

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Bahrain ‘must invest in young people to prosper’

Bahrain must invest in its young people if it is to prosper in a post-oil world, a top UN official has warned. A relatively youthful population, reflected in a large share of working-age adults, means that the country can reap the benefits of

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