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Middle East Investment 2014

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Egypt considering $1.5 billion foreign bond as it repairs economy: finance minister

CAIRO Egypt could tap international bond markets to raise up to $1.5 billion next year to shore up its finances and is open to agreeing an International Monetary Fund loan package if needed, Finance Minister Hany Kadry Dimian said on Thursday.


Egypt's government has to deliver growth to survive: investment minister

CAIRO Egypt's government has to deliver economic growth to survive and can't let complex laws and bureaucracy discourage foreign investment, the country's investment minister said.


Lebanese central bank plans $1 billion stimulus for 2015: governor

BEIRUT Lebanon is planning a $1 billion economic stimulus package for 2015 to maintain growth and support an economy which has been hit by a three-year conflict in neighboring Syria, the central bank governor said.

Investcorp wants 30 percent rise in assets under management

DUBAI Investcorp is targeting a more than 30 percent hike in its assets under management (AUMs) in the next five years as Middle Eastern investors increasingly see private equity as a way to diversify out of traditional investment routes.

Qatar's QAFCO to seek profit in niche fertilizer products: CEO

DOHA Qatar Fertiliser Co (QAFCO) plans to launch niche production of environmentally friendly fertilisers to meet rising demand in Western markets, the firm's chief executive said on Thursday.

Builder Kodari may double capex to handle big Saudi projects

RIYADH Major Saudi Arabian construction firm Abdullah Abdul Mohsin al-Khodari and Sons says it may double its capital spending in coming years to cope with the work it hopes to do on the country's big infrastructure projects.

Egypt regulator pins bond market hopes on central bank

CAIRO Egyptian authorities are eager to develop an active bond market but are counting on the central bank to ensure the participation of commercial banks, the head of the country's financial markets regulator said.


Dubai fund DIC expects Doncasters, Almatis sales in 18 months: CEO

DUBAI (This story corrects in paragraph 11 to show ex-Deloitte team, not Deloitte, was hired by DIC last year)

Saudi Arabia's ACWA Power shifts toward renewable energy

KHOBAR Saudi Arabia Saudi Arabia-based power and water project developer ACWA Power is seeking to secure or arranging finance for $15 billion worth of projects, nearly half of which are in renewable energy, its chief executive said.

Egypt's Juhayna expects recovery in 2015 after 'difficult year'

CAIRO Juhayna, Egypt's largest producer of packaged juice and dairy products, expects its profits to recover in 2015 after an increase in the cost of raw materials squeezed margins this year, its chairman said.


Egypt tourism minister confident of recovery, despite challenges

CAIRO Egypt's tourism minister hopes to fully revive one of the country's most vital industries by next April but persuading the world that it is safe to visit the ancient pyramids or Red Sea resorts after three years of upheaval is a daunting task.


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