Wednesday 20 August 2014
 
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investment

Saudi likely to impose 20pc foreign ownership limit

Overseas investors in the Saudi Arabian stock market will face restrictions including a 20 per cent ceiling on combined foreign ownership of any listed stock, a major Saudi newspaper reported on Tuesday. The Capital Market Authori

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New Suez Canal project to cost $8.4bn

The new Suez Canal project will cost about 60 billion Egyptian pounds ($8.4 billion), funded by debt certificates to be issued "in about a week", Egyptian Prime Minister Ibrahim Mehleb said on Thursday. The "Suez Ca

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Oman’s logistics market set for steady growth

The nascent transportation and logistics market in Oman will witness steady growth over the next five to seven years due to planned investments in logistics infrastructure and industrial development in the country, said a new report.

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Oman’s logistics market set for steady growth

The nascent transportation and logistics market in Oman will witness steady growth over the next five to seven years due to planned investments in logistics infrastructure and industrial development in the country, said a new report.

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Growl Media wins Auvest Group Series A investment

Dubai-based startup Growl Media, a creator of edutainment content for young children, has secured a Series A investment from the Auvest Group, an alternative investment and advisory firm. Under the terms of the agreement, Auvest w

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Saudi organisations' foreign assets total $102bn

Saudi organisations, including the Saudi Arabian Monetary Agency (Sama) and Public Investment Fund (PIF), had financial assets totalling SR385.3 billion ($102.73 billion) in foreign countries in June 2014, a report said. The asset

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US-Africa summit garners $17bn in investment pledges

African leaders on Tuesday called for a deeper economic relationship with the US, hailing investment pledges totalling more than $17 billion at a Washington summit as a fresh step in the right direction. US and African companies a

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Foreign direct investment in GCC declines 14pc

Foreign direct investment (FDI) in the GCC fell to $24 billion last year from $28 billion in the previous year, down 14.6 per cent, according to United Nations Conference on Trade and Development’s (UNCTAD) annually published World Investm

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Is property a 'fail safe' investment?

Property is often viewed as a 'fail safe' investment but are savers taking a risk by relying so heavily on one asset? Jonathan Kemp, chief actuary of Takaud, the specialist savings and pensions provider for the Mena region, discusses the

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GCC eyes diversification and development

Higher capital expenditure on projects in GCC countries is underpinned by sustainable development and diversification, reported the Gulf Daily News (GDN) on an analysis revealed by Qatar National Bank. Regional economies have used their

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