investment

Factbox: Saudi Arabia seeks to draw in foreign companies
Middle East

Factbox: Saudi Arabia seeks to draw in foreign companies

DUBAI (Reuters) – Saudi Arabia has been pushing foreign firms to invest in the kingdom and set up regional headquarters…
Politically correct? Bond market steers clear of judgment calls
Middle East

Politically correct? Bond market steers clear of judgment calls

LONDON (Reuters) – When Saudi journalist Jamal Khashoggi was killed in 2018, London-based hedge fund manager Dominic Armstrong bet investors…
Sudan officials, Saudi crown prince talk Red Sea investments
Middle East

Sudan officials, Saudi crown prince talk Red Sea investments

DUBAI, United Arab Emirates (AP) — Sudan’s prime minister and Saudi Arabia’s powerful crown prince met Wednesday to discuss Saudi…
Egypt’s Salah launches two UK-based real estate companies
Egypt

Egypt’s Salah launches two UK-based real estate companies

The UK newspaper Daily Star announced on Thursday that Egyptian footballer Mohamed Salah had recently founded two real estate companies…
Saudi Arabia to stop contracting with firms without local HQ
Middle East

Saudi Arabia to stop contracting with firms without local HQ

DUBAI, United Arab Emirates (AP) — Saudi Arabia announced on Monday that it plans to stop signing contracts with foreign…
Egypt readies to evacuate gov’t offices in Tahrir, future of compound uncertain
Business

Egypt readies to evacuate gov’t offices in Tahrir, future of compound uncertain

On Saturday, Egypt’s ministerial committee for developing and reutilizing downtown Cairo’s Tahrir compound previewed its plan of evacuating the compound,…
Analysis: How Wall Street gains from ‘populist’ trading movement
World

Analysis: How Wall Street gains from ‘populist’ trading movement

(Reuters) – Steep gains in shares of GameStop Corp and other stocks this week have been described as populist market…
Incoming Cairo Eye Ferris wheel valued at LE500 mn
Egypt

Incoming Cairo Eye Ferris wheel valued at LE500 mn

Hawaii Company’s Chairman and tourism expert Ahmed Metwally announced on Thursday that his company will invest LE500 million to construct…
Egypt, World Bank agree to invest US$450 mn to battle coronavirus
Business

Egypt, World Bank agree to invest US$450 mn to battle coronavirus

Egyptian Minister of International Cooperation Rania al-Mashat and the World Bank on Tuesday has agreed to invest US$450 million to…
Dollar hits ten-week low following US presidential election
Business

Dollar hits ten-week low following US presidential election

The US dollar fell to its lowest level in ten weeks on Monday, with investors buying trade-exposed currencies in anticipation…
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