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Tag Archives: investment

Qatar promises $15b investment in Turkey: presidency

Qatar pledged $15 billion (Dh55.09 billion) of investment in Turkey that will be channeled into Turkish financial markets and banks, a government source told Reuters yesterday. The investment package was announced after Qatar’s Emir Tamim Bin Hamad Al Thani met President Tayyip Erdogan in Ankara, as Turkey grapples with a …

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Dewa strengthens ties with German company

Saeed Mohammad Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), welcomed a high-level delegation from German company Voith, which specialises in systems, products and services serving five important markets: energy, oil and gas, paper, raw materials and transport and automotive. The visit aimed to enhance cooperation …

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Bahrain to issue 10-year self-sponsorship permit

Bahrain is to issue a ten-year renewable residency permit on a self-sponsorship basis to foreign investors. Crown Prince Salman Bin Hamad Al Khalifa on Tuesday evening instructed the Minister of Interior to prepare a draft edict to create the self-sponsorship residency permit for foreign investors. The new system is designed …

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Maersk Oil, partners to invest $3.4b in North Sea gas

Danish conglomerate AP Moller-Maersk said on Friday it will invest 21 billion kroner ($3.4 billion, Dh12 billion) together with British-Dutch oil producer Shell, among others, to redevelop and extend the production life cycle of Denmark’s largest gasfield in the North Sea. Maersk, whose oil company is being taken over by …

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