Business & Management

GCC ‘diversifies’ in unity

construction MoinStrengthening economic activity in the GCC, the regional trade bloc is good news for global businesses and the wider MENA region in terms of increased financial support and as a source of much-needed FDI in non-oil producing Arab countries. Economist Moin Siddiqi reports 

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SENAAT and Tubacex join hands to acquire NOBU

tubular 21SENAAT, one of the largest industrial investment holding companies in the UAE, has formed a joint venture with Tubacex, a Spanish manufacturer of stainless steel and high-alloyed tubular products

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Investcorp and ASI launch JV for GCC infrastructure investing

Bahrain investcorpBahrain’s Investcorp and Aberdeen Standard Investments (ASI) have launched a joint venture that will invest in social and core infrastructure projects in GCC countries

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‘Oman’s industrial sector contributed US$14.54bn to GDP’

muscat busiOman’s industrial sector contributed US$14.54bn to the GDP in 2017, said Dr Ali bin Masoud Al Sunaidi, minister of commerce and industry

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Niger SMEs to get Khalifa Fund support

niger smes 11Mahamadou Issoufou, President of Niger, met with Hussain Jasim Al Nowais, chairman of the UAE-based Khalifa Fund for Enterprise Development, in the Capital Niamey to discuss growing relations and strong cooperation between the two countries in various fields

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