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Tag Archives: investment

Uzbekistan has set road towards its ambitious goals

After Shavkat Mirziyoyev came to the post of the President the number of beautiful and landscaped areas in Uzbekistan are increasing as a result of measures aimed at radically renewing the image of cities and villages, improving social conditions. I personally witnessed these creativities during my trip to this country …

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Licences issued on rise in Dubai

Signalling growing investor confidence in Dubai, new business licenses issued in the emirate during the first four months of 2019 increased 35 percent compared to the same period of 2018, according to a report issued by the Department of Economic Development (DED). DED issued 9,489 new licences during January-April 2019 …

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Fujairah Oil Industry Zone attracting oil bunkering

Already well-established as one of the world’s top centres for oil bunkering, the Port of Fujairah and the adjacent Fujairah Oil Industry Zone, FOIZ, continue to attract further business and investment, recent announcements show. Last month, Fujairah-based Brooge Petroleum and Gas Investment Company and Dubai-based Sahara Energy Resources announced plans …

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UAE-Mauritius Business Forum hailed

Foreign Affairs, Regional Integration and International Trade Minister of Mauritius, Seetanah Lutchmeenaraidoo, has hailed the outcome of the UAE – Mauritius Business Forum which was held in the capital Port Louis on Thursday. The minister made the statements while receiving Dr. Rashid Al-Afari, Charge d’Affaires at the UAE Embassy in …

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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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