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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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          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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            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

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

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

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            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

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            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

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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

                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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              Qatar $200 billion capex plan to lift infrastructure upgrade

              Gulf Times

              June 23, 2015
              in Infrastructure
              0

              Major infrastructure investment in Qatar will go ahead on the back of planned and ongoing capital expenditure (capex) worth around $200bn, a new report has shown.

              The spending explicitly linked to the world cup is about $15.4bn, which represents only 7.5% of the capex, Samba Financial Group said in a report.

              Aided by large reserves (the Qatar Investment Authority's (QIA) holdings are estimated at $256bn) built up from years of accumulated oil and gas revenues, Samba expects that authorities concerned will continue to implement the spending set out in the National Development Strategy (NDS) when oil prices were more than $100 a barrel.

              "Having said that, the prospect of declining fiscal and external balances will prompt the government to take a more considered approach resulting in slower project approval and execution," Samba said in its latest country report.

              Samba maintains the view that the tournament will go ahead in Qatar in 2022, even as it touched upon the issue of a possible re-vote on the issue.

              "It is therefore important to reiterate that the vast majority of the planned capex is ancillary and planned independently of the World Cup."

              The "importance" of the World Cup, Samba said is that it "provides an impetus" to project activity and a definitive timeline. The spending explicitly linked to the World Cup is small (stadiums: $3bn; accommodation $12.4bn), this represents around 7.5% of the total planned capex.

              "In a hypothetical scenario, if the World Cup capex is cancelled then the metro and Lusail City projects may well be scaled back – as well as the pace of project execution. All this would mean a scenario where GDP growth is clipped by perhaps one percentage point annually, but still registering above 5% year on year.

              "There would also be positive spill-overs: a less congested project timeline will facilitate more efficient management and a greater return on capital. It would also allay fears of overcapacity and localized inflation."

              Qatar's economy expanded by 6.2% in 2014, maintaining the pace set in 2012, it said. The non-hydrocarbon sector continued its double-digit expansion, which was driven by construction, with finance and trade, restaurants and hotels also making notable contributions.

              Over the next few years, Samba expects other services to catch up with the construction sector as some projects enter the completion stages and the booming population acts as a catalyst for domestic demand.

              Despite being the drag on growth in 2014, the hydrocarbon sector should provide a fillip to GDP in 2015 as additional upstream hydrocarbon production comes online from the Barzan Gas Project.

              However, the self-imposed moratorium on fresh development the north field and a lower oil price means that the primary driver of growth over the medium term will continue to be the non-hydrocarbon sector, Samba said.
              Gulf Times
              23 June

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