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  • Industrial Development
    Saudi RCJY attracts $239.78b in local investments

    The Royal Commission for Jubail and Yanbu (RCJY) said that it has been able to attract a total of USD239.78 billion in investments locally for its expansion and development works in its different fields since it began working in both its Jubail Industrial city and Yanbu City, Arab News reported.

  • MENA Startup Investment
    New Wamda Research Lab report sheds light on MENA investment landscape and future opportunities

    Entrepreneurs that have the ambition to grow their company often reference limited funding as a barrier to achieving their goals. Whether just starting out, launching a new product or expanding into a new country, access to capital is a critical resource that is not always easy to obtain. The investment ecosystem for startups in the Middle East and North Africa (MENA) is no exception, yet in recent years funding access in the region has improved.

  • Investment
    Why Foreign investment is elusive for MENA startups

    But why can’t they raise funds while remaining in the Middle East? “In the hierarchy of  Silicon Valley venture firms,” says Nasr, “the focus is generally on the Bay Area first, California second, and the rest of the US after that. Most US VCs don’t have a presence or much awareness outside North America. When you’re investing, one of the most important things is the market; so other than very big markets such as China, India or Brazil, there is not much interest or appetite.”

  • Economic Policy
    No restrictions on foreign investment licenses in Saudi Arabia: SAGIA

    Director of Information and Communication at the Saudi Arabian General Investment Authority (SAGIA) denied that Riyadh intends to limit the number of licenses issued under the system of foreign investment. In comments to the state-owned Saudi Press Agency (SPA), SAGIA Communications Director Nasser Al-Tawayan said that reports that Saudi Arabia aims to limit the number of foreign investment licenses to just 100 per year were “baseless and untrue.” “It is not logical for SAGIA to adopt such a trend since it is incompatible with the basic principles underlying the economic policy of the Kingdom of Saudi Arabia which is based on openness, flexibility and the application of the concept of the free market in general,” he said.

  • INTERVIEW
    Saudi’s ACWA Power Eyes Expansion After IFC Investment

    The Wall Street Journal sits down with ACWA’s Chief Executive Paddy Padmanathan to discuss the investment and the company’s future projects.

  • Technology and Startups
    On the strength of new investment, Saudi emotion sharing app leaves for Silicon Valley

    The startup is getting ready to move everything to Silicon Valley by the end of the year. Their main focus will shift to the US, says AlKadi, instead of Saudi Arabia. "Emotions and feelings are a global language.

  • Morocco
    From palaces to engine-making: Morocco’s stability is attracting billions in foreign investments

    Morocco has escaped the worst of the unrest that swept parts of the Middle East and North Africa since 2011 from the violent ousting of autocratic governments to the rise of extremist groups such as ISIS. The country’s main Islamist party, which has led the government since winning its first parliamentary elections three years ago, has shied away from challenging the legitimacy of the royal family. King Mohammad VI, in return, devolved some powers to the government and released Islamist activists from jail.

  • Rebuilding Egypt
    Egypt Needs More Investments, Not Aid

    First the good news: Egypt’s foreign reserves ticked up to $16.87 billion at the end of September – enough to comfortably cover imports for more than three months as the country’s economy strengthens and foreign investors continue to buy Cairo-listed stocks.

  • Agriculture
    Saudi’s Alamoudi plans $500m Ethiopia investment

    Horizon Plantations Ethiopia will train workers, improve roads and replace washing units at the Limmu and Bebeka coffee plantations, Bloomberg reported, quoting general operations director Kemal Mohammed.

  • GCC Markets
    Saudi market opening ushers in new era of GCC investment

    For international investors, the big prize behind the closed Saudi market is the treasure trove of well-run companies, often with plenty of cash in hand, catering to a growing, affluent population.