Middle East Investment 2014
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.
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.
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.
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.
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.
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.
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 (This story corrects in paragraph 11 to show ex-Deloitte team, not Deloitte, was hired by DIC last year)
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.
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.
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.