Sunday 22 October 2017
 
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ownership

Dubai-based venture capital invests in Wego

MEVP, a leading regional venture capital firm, announced on Sunday that it has invested funds in Wego, an online travel marketplace, in exchange for an equity ownership. MEVP is investing in Wego as part of the company’s lat

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Saudi Arabia 'allows 100pc foreign ownership in engineering firms'

Saudi Arabia has decided to allow 100 per cent foreign ownership in engineering businesses, giving a boost to the infrastructure sector, a report said. The kingdom's Commerce and Investment Ministry and the Saudi Arabian Gener

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Nissan unveils first digital shared car ownership scheme

Nissan has announced a pioneering new digital-first shared car ownership service which is set to transform the traditional car sharing industry. Nissan Intelligent Get and Go Micra, revealed by Nissan chairman and CEO Carlos Ghosn

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London to launch inquiry into foreign property ownership

London's mayor Sadiq Khan will launch an inquiry into foreign ownership of property in the British capital which has helped push up housing costs, the Guardian newspaper cited him as saying on Thursday. "It's

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Saudi Arabia to transfer KAFD ownership to state wealth fund

Saudi Arabia is to transfer ownership of Riyadh's floundering King Abdullah Financial District (KAFD) to the Public Investment Fund (PIF) from the Public Pension Agency (PPA), according to four sources aware of the matter. The

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Saudi Arabia to transfer KAFD ownership to state wealth fund

Saudi Arabia is to transfer ownership of Riyadh's floundering King Abdullah Financial District (KAFD) to the Public Investment Fund (PIF) from the Public Pension Agency (PPA), according to four sources aware of the matter. The

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Saudi to ease foreign ownership limits for stocks

Saudi Arabia will loosen restrictions on foreign ownership in its stock market in order to improve the investment environment, the Capital Market Authority said on Tuesday. Each investor under Saudi Arabia's Qualified Foreign

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Bahrain offers boon for foreign logistics firms

Foreign companies will find it easier from now on to establish in Bahrain and pump investments in the logistics sector, a report said. Under new measures, non-Bahraini firms will enjoy 100 per cent ownership of packaging activitie

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Nakilat increases foreign ownership limit to 49pc

Qatar Gas Transport Company (Nakilat), one of the world's largest shippers of liquefied natural gas, has announced its decision to increase its foreign ownership limit to 49 per cent, from the existing 25 per cent, a report said.

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Drake & Scull boosts GCC ownership limit to 100pc

Drake & Scull, a leading engineering and construction company based in Dubai, UAE, in a major move has increased the ownership limit for nationals from the Gulf region to 100 per cent from 49 per cent. The move was effective from Th

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