Business & Management

Cash-strapped Syria secures loans from Turkey

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Turkey has offered US$247 million in loans to Syria to fund infrastructure projects, the Syrian finance minister has announced.

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UAE investing billions in Iraq

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Abu Dhabi companies have invested in US$66-billion worth of developments in Iraq after major signs of support from the UAE government for the war-torn nation, reports The National.

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French FDI in UAE increases ten-fold

French FDI in UAE increases ten-fold

French foreign direct investments (FDI) in the UAE have grown ten times in the past decade, reaching US$3.6 billion in 2009, accounting for 35 per cent of the total French FDI in the Middle East. French civilian exports to the UAE have tripled between 1998 and 2009 reaching US$4.9 billion, according to data by Invest in France Agency (IFA), a body for promoting and facilitating international investment in France.

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Qatar government 'to invest US$100 billion' in local projects

 

Qatar government 'to invest US$100 billion' in local projects

The Qatar government will invest US$123.57 billion for local projects during the next ten years, Minister of Economy and Finance Yousef Hussain Kamal has been reported as saying by the Qatar News Agency. Kamal told daily Arabic newspaper 'Alwatan' that Qatar will invest billions of riyals in infrastructure projects, oil, gas and petrochemicals. However, he added that Qatar will continue its investment abroad.

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Abu Dhabi Ports considers US$1 billion bond

Abu Dhabi Ports considers US$1 billion bond

State-owned Abu Dhabi Ports Company (ADPC) may sell up to US$1 billion in bonds early next year to finance the Khalifa Port Industrial Zone (KPIZ) in Abu Dhabi, according to its chief financial officer. ADPC has appointed the National Bank of Abu Dhabi as a financial advisor to draw up a long-term financial strategy. Arrangers for the bond have yet to be appointed.

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