New islands to appear in Dubai
The Dubai Islands project will comprise five islands over an area of 17 square kilometres
Investment
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Kyrgyzstan offers investment residence permit
In Kyrgyzstan, residence permits for foreigners will be issued for an investment of $250,000. The relevant decision was made during a meeting of the Cabinet of Ministers of the republic. "At a regular meeting of the Cabinet of …
Saudi Arabia partners with South Africa to grow communication and IT sectors
Saudi Arabia’s Ministry of Communications and Information Technology has signed a memorandum of cooperation with South Africa’s Department of Communications and Digital Technologies to enhance development in the fields of …
Georgia ranked 13th for investor interest among 100 states
Georgia has been ranked 13th among the United States, Great Britain, China and the world’s major economies in Bloomberg Media’s recent ranking for investor interest, Georgian economy minister Levan Davitashvili said. …
Japanese private sector can invest more in Egypt
Egyptian PM discusses bilateral relations with Japanese counterpart
Sharif seeks help in Qatar
Pakistan Prime Minister Shehbaz Sharif has travelled to Qatar in the hope of generating trade and investment for his cash-strapped country
The UK Aims To Fight Back Against China Trade & Investment In Asia
The United Kingdom’s exit from the European Union (Brexit) has left the country looking for new trade partners. Much of this has centered upon Asia, where the UK maintains relatively strong ties with members of the Commonwealth, namely …
Tokayev calls for attracting foreign capital to Kazakhstan’s economy
At a meeting with the manager of the Astana International Financial Center, Kairat Kelimbetov, President of Kazakhstan Kassym-Zhomart Tokayev announced his desire to attract foreign investment in the economy of the republic, the press service of …
Turkey to extend incentives for $10bln Black Sea gas field development
Turkey will be extending government support for the massive project to develop the natural gas field it discovered in the Black Sea, according to a presidential decree. The state energy company Turkish Petroleum Corporation (TPAO) …
World Bank allocates $400 mln to Georgia
World Bank will allocate $400 million for the Human Capital Programme for Georgia, calling it “the largest cross-sectorial investment” for the country over 30 years of partnership. The World Bank Board of Executive …
Hilton and Hyatt suspend business development in Russia
US-based Hilton and Hyatt hotel chains made the decision to suspend development of their business in Russia due to the situation around Ukraine, press services of companies said. "We have made the decision to suspend our …
Turkey to pour ‘under the mattress’ gold in its financial system
Turkey will expand its drive to lure savers back to the lira next week with a scheme aimed at bringing billions of dollars worth of “under the mattress” gold into the banking system, the country’s finance minister told investors during a visit to London
Erdoğan announces support for every investor
The Turkish authorities don't divide investors into local and foreign and are ready to support any of them who trust the Turkish economy, President Recep Tayyip Erdoğan said yesterday at the opening of one of the largest pulp and paper mills …
Unstable Kazakhstan a big risk for energy markets
Protests that broke out in Kazakhstan, the world's biggest uranium exporter and the top oil and coal producers, unnerved energy markets, …
"Gazprom" to invest almost 23 billion rubles in "Nord Stream-2"
According to the materials posted on Gazprom's website, in 2022, the holding will allocate 22.813 billion rubles to finance "Nord Stream-2". It is said about the planned volume of investments in the …
Reconciliation with Azerbaijan economically beneficial to Armenia
The 2020 war between Armenia and Azerbaijan resulted in the liberation of occupied territories by Azerbaijan and put an end to a three-decade-long conflict
Turkey’s currency surges after Erdogan unveils lira savings scheme
Turkey’s lira rallied in the second day of chaotic trading after President Recep Tayyip Erdogan unveiled a new savings scheme that analysts described as a backdoor interest rate rise
Sovcombank to buy Uzbek state bank
Major Russian private Sovcombank intends to acquire Uzagroexportbank. Thus, 100% of the unprofitable enterprise will be sold by Uzbekistan. "At the moment, the parties are negotiating on the terms of the deal. Several million …
Pakistan and Russia in talks to remove economic barriers
The Pakistani authorities hope for the reduction of customs and banking barriers between removal of Pakistan and Russia to give impetus to the development of economic ties, Pakistan’s Federal Minister for Economic Affairs Omar Ayub Khan …
Zelensky calls on U.S. investors, venture capital funds to cooperate with Ukraine
During his working visit to the United States, President of Ukraine Volodymyr Zelensky met with top investors, representatives of venture funds and Silicon Valley accelerators, and urged them to actively cooperate with Ukraine, the website of the …
