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Investment flows to developing states to soarThe percentage of global investment that goes to developing countries should triple in the next two decades as emerging economies catch up with richer nations and become more integrated into finan More… |
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Gold falls again; may re-test April lowsGold dropped for the sixth consecutive session on Thursday, hitting its lowest level in four weeks, on a stronger dollar and battered investor sentiment. Ra More… |
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Gulf Finance House Q1 net up 50pcGulf Finance House (GFH), the Bahrain based Islamic investment bank, has recorded another period of sound results and profitability with a net profit of $1.5 million for the quarter, up 50 per cen More… |
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Accor sees record Mideast growthAccor, Europe's largest hotel group, has registered record growth in the Middle East region in 2012 with more than 2,000 rooms opened in one single year across six new hotels, said a top ofici More… |
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Sri Lanka to ease foreign ownership restrictionsSri Lanka will allow foreigners full ownership of businesses if they invest more than $10 million, a minister said, and the measure will likely be introduced within two months. The proposed change comes as the $59 billion economy More… |
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Ikoo gets $3m funding from STC for growth plansIkoo, a leading digital marketing solution provider, announced a major partnership with STC Ventures, backed by Saudi Telecom Company (STC), which has invested $3 million in the company to fund its future growth plans. STC Venture More… |
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Polish firms eye business prospects at DWCA delegation of 35 business leaders from Poland recently visited Dubai World Central (DWC) to learn about the state-of-the-art infrastructure and discuss investment opportunities in the aviation, logistics, trade and tourism sectors. More… |
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StanChart unit exits $75m Bahrain investmentStandard Chartered said its private equity arm has exited a $75 million mezzanine investment in Hassan Mohammed Jawad & Sons (Jawad Business Group), a family-owned private company based in Bahrain. More… |
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IT infrastructure ‘key to investments in Iraq’For multinationals investing in Iraq, building a solid IT infrastructure is a major challenge, said a top official, pointing out that oil and gas producers require robust satellite connections from remote locations. Banks, hotels More… |
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Bahrain offers ‘favourable investment climate’Bahrain offered modern facilities and fast procedures as well as appropriate social climate and legislation for investors from around the world that encouraged settling and working in the country, said a top official. Industry and More… |
