Archive for the ‘Open’ Category

DFM makes unique investor number compulsory for IPOs

Wednesday, September 10th, 2014
Dubai Financial Market introduced new regulations making unique investor number compulsory for all investors subscribing to an IPO, a move aimed to improve transparency.

Chinese firm to invest USD2bn in Morocco solar projects

Tuesday, September 9th, 2014
The investments are part of the USD 16.5 billion (MAD 142 billion) commitment by the Chinese company in seven Arab countries including Morocco.

Qatar project spend set to pick up during 2014-16: QNB

Tuesday, September 9th, 2014
The government has major infrastructure plans for the run-up to the 2022 World Cup and has been implementing those plans. A number of major projects are now underway that have commitments to be completed ahead of the World Cup.

INTERVIEW-Barclays eyes SME potential in Africa

Tuesday, September 9th, 2014
Barclays Africa sees many opportunities in the fast-growing SME sector across the continent, the head of business coverage told Zawya.

Egypt eyes EGP500bn private investments within two years

Tuesday, September 9th, 2014
Egypt is seeking to attract investments worth EGP 500 billion (around USD 70 billion) from the Egyptian private sector in the coming two years, said planning minister Ashraf El-Araby.

Dubai could switch back to single airport model in 20-30 years

Tuesday, September 9th, 2014
Dubai International could close in the coming decades as the Dubai government steps up its investment in future super-hub Al Maktoum International at Dubai World Central (DWC), said Paul Griffiths, Dubai Airports chief executive officer, by phone on Monday.

USD174m oil storage agreement signed in Jordan

Tuesday, September 9th, 2014
The Ministry of Energy and Mineral Resources signed an agreement with a Jordanian-Spanish consortium to develop storage capacity for oil derivatives in the Madona area at a total cost of USD 174 million.

Standard Chartered invests USD35m in Jordan poultry firm

Tuesday, September 9th, 2014
Standard Chartered Private Equity (SCPE), the investment arm of Standard Chartered Bank, announced on Monday that it will invest USD 35 million to acquire a minor but significant stake in Al Jazeera Agricultural Co., Jordan's only fully integrated poultry producer and distributor.

UAE credit bureau issues first reports

Tuesday, September 9th, 2014
Al Etihad Credit Bureau, a federal government institution, has started issuing consumer credit reports to banks and financial institutions.

Al Futtaim Group mounts six mega-mall projects

Tuesday, September 9th, 2014
Al Futtaim Group Real Estate does not believe in the “one at a time” build strategy. The mall developer has got six simultaneous projects going on in the region with a combined development cost tab of USD 6 billion.