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 ...

China wary of mentioning Belt and Road investments by country

Saturday, 13 May 2017

A Chinese official told local reporters on Friday to focus on the inclusiveness of China’s Belt and Road initiative and refrain from reporting the amount of Chinese investment in specific countries along the route. Leaders from 29 nations will gather in Beijing this weekend for China’s ambitious new Silk Road initiative that aims to develop economic links between Asia, Africa and Europe. Chinese investment could reach up to $130 billion annually over the next five years. A ...

Development bank EBRD to invest in West Bank and Gaza

Wednesday, 10 May 2017

The European Bank for Reconstruction and Development is to start investing in the West Bank and Gaza, it said on Wednesday.The development bank’s shareholder governments approved the move which will initially last for five year and be financed with donations pooled from individual countries.It is expected to concentrate on energy infrastructure, renewable energy and supporting private businesses.“The EBRD can make an important contribution to the economy alongside other international ...

UAE state fund Mubadala’s net profit nearly triples in 2016

Friday, 31 March 2017

Abu Dhabi’s state-owned Mubadala Investment Company said its net profit nearly tripled in 2016, while total comprehensive income rebounded to a profit from a loss in 2015, primarily helped by financial investments.Mubadala reported a net profit of 3.3 billion dirhams ($899 million) for 2016, compared to a net profit of 1.2 billion dirhams in 2015. Total comprehensive income, which comprises all forms of income was 4.1 billion dirhams in 2016, up from 1.3 billion dirhams in the previous ...

Bahrain attracts $281 mln in investments in 2016

Monday, 27 February 2017

Bahrain’s economic development board has announced that 40 new companies have invested $281 million into the country and are expected to generate 1,647 new jobs over the course of the next three years. The investments have been ploughed into a number of areas, including: The tourism sector, which attracted 75 percent of the total investments, while the manufacturing and logistics sector accounted for 15 percent, and the financial services sector - a further 9 percent. “We in Bahrain ...

Saudi fund PIF looking for stake in Six Flags, says report

Thursday, 9 February 2017

Saudi Arabia’s Public Investment Fund (PIF), is reported to be in talks to invest in the American theme park operator Six Flags Entertainment Corporation, the largest of its kind in the world. As reported by Bloomberg, the deliberations about a possible investment are at an early and follows after started talks to let Six Flags to open its theme parks in the Kingdom. Potential park locations in Saudi Arabia include Riyadh, Jeddah and Red Sea resort, Chairman James Reid-Anderson had said ...

Saudi Aramco operating 220 rigs, says energy minister

Sunday, 22 January 2017

Continuous investment in drilling enables Saudi Arabia to offset the gradual decline in output from mature fields

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