Investment

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Luxury resort Ras Ghamila to appear in Egypt

Luxury resort Ras Ghamila to appear in Egypt

In Egypt, on the Red Sea, investors from Saudi Arabia plan to build a new luxury resort. It is planned to develop an area in the north of Sharm el-Sheikh, near the Ras Ghamila reef, which is beloved by divers.

Kizlyar Brandy Factory increases investments in development

Kizlyar Brandy Factory increases investments in development

The Kizlyar Brandy Factory invested 663 million rubles in development in 2023, which is 2.2 times more than in 2022, General Director Evgeny Druzhinin said. The funds were used for re-equipment, modernization and the overhaul of fixed …

West cuts Georgian investment

West cuts Georgian investment

Since the beginning of the year, foreign investment in Georgia has decreased by 34%, and in Q3, it fell by over 61%.

Erdoğan embarks on Gulf tour to agree new investment deals

Erdoğan embarks on Gulf tour to agree new investment deals

Turkish President Recep Tayyip Erdoğan is embarking on a trip to the Gulf on July 17, marking his first post-reelection multicountry tour that is expected to yield new agreements to further diplomacy and economic cooperation with the region. …

Who buys property in UK

Who buys property in UK

Why and how HNW investors from the Middle East region are targeting sectors such as UK real estate, including commercial property

Sri Lanka seeks aid from wealthy Gulf countries

Sri Lanka seeks aid from wealthy Gulf countries

Sri Lankan Minister of Foreign Affairs Ali Sabry has held talks with ministers and senior officials in Saudi Arabia, as the crisis-hit island nation seeks to boost cooperation with the Kingdom and other Gulf countries. …

Georgia and Qatar discusses investment cooperation

Georgia and Qatar discusses investment cooperation

Georgian Prime Minister Irakli Garibashvili met CEO of Qatar Investment Authority Mansoor Bin Ebrahim Al-Mahmoud on Tuesday during the ongoing World Economic Forum in Davos. Following the meeting, Garibashvili tweeted he had …

Dagestan implements five investment projects

Dagestan implements five investment projects

According to the press service of the Dagestan Agency for Entrepreneurship and Investments, five investment projects worth 8 bn rubles will be implemented in the republic this year. "This is the construction of the Makhachkala wind …

IMF approves $3bn support package for Egypt

IMF approves $3bn support package for Egypt

The International Monetary Fund has approved a deal that will provide a $3bn support package to cash-strapped Egypt over almost four years, with the agreement expected to draw in an additional $14bn in financing for the country. According to …