The economic potential of the Middle East-China trade corridor was the focus of discussion at an exclusive International Connections briefing organised by HSBC and the UAE China Business Council, for Chinese businesses and clients based in the UAE. https://t.co/QhE7DxIPWx
Still on the fence about the MENA region? The MENA region has become the fastest-growing region for foreign direct investment (FDI) since 2019, achieving the largest gain in FDI market share in 2022 with digitalisation and green energy of top priority. https://t.co/8HyC3Dj2r5
Qatar Insurance Company S.A.Q.’s net profit increased by nearly 400% year-on-year to 175 million Qatari riyals Q1, as a result of the insurer’s tactical shift to discontinue high-severity international operations, Middle East Insurance Review reported. https://t.co/DTN3ciftUV
RIYADH: The booming Middle East-China trade corridor is encouraging HSBC’s clients to invest in the region, one of the bank’s top executives has claimed amid a networking event held in the UAE. https://t.co/jx50mvrKTp #hsbc#mena#china
China-based Envision Energy announced on Wednesday the sale of 60 megawatts (MW) wind turbines for Morocco's first desalination project that's 100 percent powered by wind energy. https://t.co/PiWvJNG5OJ #energy#mena#Morocco
In the Middle East and North Africa (MENA), high-income economies are found to be shaped by AI and ICT technologies, while lower-and middle-income countries’ markets are shaped by financial and trade-enabling technologies. https://t.co/9C8ZwGOnNK #MENA#economicgrowth#AI
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, is considering investments in Jordan’s large-scale infrastructure projects as part of its $24 billion Mena investment push, Jordan's finance minister has said. https://t.co/oZKrPXx1l5 #pif#Jordan#mena
As the world convenes in Egypt from November 6-19 for COP27, a key issue of debate will be expanded financing for developing countries. This issue is critical and especially challenging in the context of the slowing global economy.... https://t.co/XGk0FsTE60 #cop27#egypt
Big Gulf Arab oil states are using the newfound riches they’ve reaped as a result of the Ukraine war to build economic bridges with their poorer neighbors, some of whom they once considered adversaries. https://t.co/gQGUSESWhL #mena#oilandgas
Most of the Middle East and North Africa's non-oil producing economies are experiencing a "gradual slowdown", the International Monetary Fund said Monday, while resource-rich states are benefiting from high fossil fuel prices. https://t.co/dM1RTNaC98 #slowdown#mena
In US dollar terms, the prices of most commodities have declined from their recent peaks amid concerns of an impending global recession, the report documents. From the Russian invasion of Ukraine, the price of Brent crude oil in dollars fell nearly 6%. https://t.co/3qDzUJaZqg
Atlantic Council’s Scowcroft Middle East Security Initiative and TRENDS Research and Advisory held a two-day conference on “Sustainable Security of the Middle East: Climate Change, Challenges, and Prospects.” https://t.co/SG0hqArGpw
Saudi Arabia's Public Investment Fund (PIF) has established five regional investment companies in Jordan, Bahrain, Sudan, Iraq and Oman, the sovereign wealth fund said on Wednesday, following a similar move to set up an investment subsidiary in Egypt. https://t.co/ybu1kAzsLh
Kingdom’s sovereign fund to set up companies in Middle East and north Africa in attempt to shore up soft power. https://t.co/UHLyiNl3SR #saudi#fdi#mena
Safanad, a New York-based private investment firm, will co-invest with Global School Management (GSM) $200 million in the education sector in the Middle East and North Africa, they said on Wednesday. https://t.co/B4C3BnoqVk #mena#education
Arab governments are ramping up their green ambitions ahead of the COP27 climate summit, but show few signs of reining in fossil-fuel exports. https://t.co/PaAyN6Vrs4 #cop27#mena
Dubai has long been associated with its powerful ruler, Sheikh Mohammed Bin Rashid Al Maktoum. At 73, he’s been handing over more responsibilities to his millennial sons in the Middle East’s finance and tourism capital. https://t.co/r8vLzaoEur