Kuwait plans $6.6 bln industrial city

Wednesday, 21 March 2018

Kuwait’s Public Authority for Industry (PAI) plans to set up a multi-purpose industrial city in the Gulf Arab state with total expected investments of $6.6 billion, an official said on Wednesday.PAI Acting General Manager Abdulkareem Taqi told Reuters that the government would put in place the infrastructure for the city at an estimated cost of $600 million and would target around $6 billion in investments from the private sector to develop the bulk of the project.The industrial city, to ...

Paving the way to sustainable SMEs through governance

Tuesday, 20 February 2018

There is a general perception that Governance is for large businesses, in fact more often than not the term used is “Corporate” Governance, and thus SME’s (Small and medium size businesses) in general believe that this practice can be delayed to a later stage of their growth cycle. Whilst there is a growing interest and awareness towards the best practices of corporate governance, especially amongst large family businesses in the region that are transitioning to second or even ...

Amr Banaja

Successful investment gurus are made not born

Monday, 19 February 2018

In many coffee shops in the Gulf, discussion soon turns to how friends, lowly or otherwise, made millions in their investments, and to bragging about one’s own imaginary prowess in this field. The truth is often less glamorous with more stories of woes than riches. While there are very few globally recognized successful investors such as Warren Buffet, there are many smaller successful individual investors. What are the common factors that these smaller investors have in common and the ...

Dr. Mohamed A. Ramady

Green grows my garden: Spreading roots of ethical investment

Thursday, 18 January 2018

As societies begin to grapple with global environmental issues, the art of investing and lending for environmental goals has now taken root promoted by bold venture capitalists and investment managers. Green finance is no longer a fringe industry but is spreading its roots pushed by like minded governments and technological breakthroughs in alternative energy and environmentally friendly solutions. Ignoring this trend comes at a risk to traditional investment and finance managers. Climate ...

Dr. Mohamed A. Ramady

Saudi Crown Prince opens dialogue for investment opportunities

Wednesday, 25 October 2017

Saudi Crown Prince Mohammed bin Salman met with a number of officials and companies’ representatives on the sidelines of The Future Investment Initiative (FII) in Riyadh, reported Saudi Press Agency. The Crown Prince and Kirill Dmitriev CEO of the Russian Direct Investment Fund (RDIF) discussed the bilateral interests in the field of investment. Prince Mohammed also met with Sir Richard Branson founder of Virgin Group, the CEO of the World Bank of China Mrs. Li Tong, and CEO of ...

Saudi Charge d’Affaires reiterates support for rebuilding Iraq

Thursday, 24 August 2017

Saudi Arabia’s Charge d’Affaires in Baghdad, Abdulaziz al-Shammari, has reiterated his country’s support for rebuilding Iraq. Shammari said that the Saudi-Iraqi Coordination Council has looked into possible government investments between both the countries. He also said that they have also looked into the possibility of having the Saudi government establish an investment fund in Iraq.

Saudi Arabia to ease rules for Red Sea tourists

Tuesday, 1 August 2017

Saudi Arabia has announced plans to build a "semi-autonomous" visa-free travel destination along its northwestern Red Sea coast. The Red Sea area will include diving attractions and a nature reserve in the tourist haven.The resort area will be developed with seed capital from the country's Public Investment Fund.The fund said Monday the project will be built along 200 kilometers of coastline and is tailored toward global luxury travelers and those seeking wellness travel, a genre ...

Qatar dispute and its unintended consequences

Wednesday, 26 July 2017

The current dispute between Qatar and its GCC neighbors and Egypt has created unintended consequences for all parties concerned, irrespective on which side of the dispute they sit. This relates to international perception of political and economic country risk and to hoped for inward Foreign Direct Investment (FDI). Foreign investment lays at the heart of some of the more ambitious economic transformation, visions and plans that many of the GCC countries in the dispute, as well as Egypt, are ...

Dr. Mohamed A. Ramady

Canadian investment official stresses need for partnership with Saudi

Monday, 22 May 2017

Speaking at the sidelines of the Saudi-US CEO Forum in Riyadh, Senior Managing Director & Head of International activities, Head of Europe at CPP Investment Board (CPPIB), Alain Carrier, stated that it was highly valuable to be participating in this conference adding that he is very keen to develop a long standing partnership with the Saudi Public Investment Fund. Carrier also emphasized that the Canada Pension Plan Investment Board always seeks great opportunities with returns above their ...

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