Russia, which has attracted $23 billion from the Gulf over the past several years, is once again focussing on the region, even as low oil prices prompt Middle East nations to launch diversification programmes by investing abroad.
Top Canadian ministry officials recently hosted a business breakfast in Dubai, UAE to discuss the investment and trade opportunities between the Gulf and the Canadian province of Ontario.
The meeting was hosted by the Ontario Mini
Gulf Arabs could pull billions in investment money from the United States if Donald Trump wins the presidency later this year, billionaire UAE businessman Khalaf Al Habtoor told Reuters.
Trump, front-runner to be the Republican pr
Kuwait-based Gulf Investment Corporation, a GCC-owned financial services firm, has appointed Dr Russell Read as deputy chief executive officer and chief investment officer (DCEO & CIO).
Most recently, Dr Read launched C Change Investme
Kuwait-based Gulf Investment Corporation (GIC) has raised 750 million ringgit ($255 million) by selling five-year Islamic bonds at 4.90 percent, a source with direct knowledge of the deal said on Tuesday.
The sukuk, which is part of a 3.5
Syria has shed its image as a closed economy and is pushing to attract Gulf investment in the wake of the global financial crisis, Finance Minister Mohammad Al-Hussein said.
A Gulf economic recovery will help boost remittances and reignit
Irish officials went on a tour of the Gulf states to talk them into bringing business to recession-hit Ireland and briefed them on the country's troubled bank assets, which the central bank has said are up for sale.
Indonesia expects a six per cent rise in its milled rice harvest this year, leading to a two million tonnes surplus, and aims to attract Gulf investors to develop 'sleeping land', Agriculture Minister Suswono said.
'Growth is 6
Kuwait-based Gulf Investment Corporation (GIC), an investment banking and asset management services provider, has achieved a year-to-date return of 11.49 per cent.
The fund, which is owned by the six GCC governments, has recorded a growth
Middle Eastern economies reliant on Gulf capital inflows for booming economic growth are seeing a drop in investment.
This follows the global financial crisis that has curtailed investors' appetite for the region, banker