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    Local, Italian companies partner up to establish food retail chain in Egypt

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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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    Azerbaijan, Iraq discuss prospects of relations

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          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

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          Ministry signs agreement to support Oman’s honey industry

          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Azerbaijan, Iraq discuss prospects of relations

          Azerbaijan, Iraq discuss prospects of relations

          Oman inks pack to bolster role of SMEs in food systems

          Oman inks pack to bolster role of SMEs in food systems

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          MAFWR, Port of Duqm sign MoU

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Local, Italian companies partner up to establish food retail chain in Egypt

            Local, Italian companies partner up to establish food retail chain in Egypt

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            Madayn working on major Oman industrial city projects

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Miral’s premier Abu Dhabi waterfront project work on track

            Miral’s premier Abu Dhabi waterfront project work on track

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            Aecom wins Neom utilities infrastructure design contract

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              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              France to help Iraq generate electricity, will invest in education, science: Macron

              France to help Iraq generate electricity, will invest in education, science: Macron

              Acwa Power inks finance deals for 900MW Dubai solar park

              Acwa Power inks finance deals for 900MW Dubai solar park

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                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                GSK to develop plant-based COVID-19 vaccine with Canada’s Medicago

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                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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                UAE sends medical aid to Iraq to fight COVID-19

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                UAE launches phase III trial of inactivated Covid vaccine

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                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              FDI inflow to GCC stays steady at $26 billion

              Gulf Daily News

              June 27, 2013
              in Finance
              0

              Foreign direct investment (FDI) inflows to West Asia in 2012 continued a downturn that began in 2009, according to the United Nations Conference on Trade and Industry's (UNCTAD) World Investment Report 2013.

              The report was launched at a meeting at the Diplomat Radisson Blu Hotel, Residence and Spa.

              FDI to the GCC states remained almost unchanged.
               
              FDI to the West Asia region decreased by four per cent in 2012 to $47 billion, half the level of 2008, the report says.

              The report, which is subtitled "Global Value Chains: Investment and Trade for Development", was released at leading financial centers across the world including Bahrain.

              "Growing political uncertainty at the regional level and subdued economic prospects at the global level are holding back foreign investors' propensity and capacity to invest in the region," the report says.

              The overall figure hides important differences among countries, the study notes.

              A large fall in FDI flows was registered in the two main recipient countries – Turkey, down 23pc to $12.4bn and Saudi Arabia, down 25pc to $12.2bn.

              However, FDI to these two countries still accounted for 52pc of the region's total inflows.

              For the first time since 2006, Saudi Arabia ceded its position as the region's largest recipient country to Turkey.

              Despite the strong decline registered in Saudi Arabia, FDI to GCC countries as a whole remained at almost the same level in 2012 at $26bn because of significant FDI growth in all other countries within the group.

              FDI to the UAE increased by 25pc to $9.6bn, continuing a recovery initiated in 2010 but remaining below the level of $14bn that was reached in 2007.

              High public spending by Abu Dhabi and a strong performance by Dubai's non-hydrocarbon sectors helped rebuild foreign appetites for FDI in that country.
               
              Saudi Arabia and the UAE alone accounted for 83pc of FDI inflows to the GCC economies.

              FDI to Kuwait more than doubled, reaching $1.9bn, boosted by Qatar Telecom's acquisition of additional shares in Kuwait's second mobile operator Wataniya, which raised its stake to 92.1pc.

              FDI inflows also increased in Bahrain, Oman and Qatar, the report says.

              FDI to non-GCC countries in the region declined by 9pc to $21bn due especially to the large drop in FDI to Turkey. Lower global growth and a prolonged fiscal tightening in the European Union – Turkey's largest market – have reduced demand for Turkey's exports, thus affecting export-led FDI, the report says.
              Gulf Daily News
              27 June

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