Kuwait Petroleum said to reassess $500bn investment plan
Lower oil prices, Kuwait's reduced output under a deal by OPEC to pump less crude, and a re-evaluation of how best to spend the money have prompted the review.
https://www.youtube.com/watch?v=7CuZchaB8dQ
Kuwait...
Saudi Arabia to raise $36bn for transport infra investment
Saudi Arabia plans to raise 135 billion riyals ($36 billion) for transportation-infrastructure projects over the next 11 years, as part of a sweeping plan to overhaul the economy of...
Saudi Crown Prince to launch $425 billion infrastructure plan
Saudi Arabia is seeking $425 billion in investment by 2030 for infrastructure as well as energy, mining and other industrial projects, as part of an effort to cut its...
Emaar launches business development operations in China
The offices serve as a link between China and the UAE, a place where the Chinese can connect with opportunities in the UAE for tourism, investment and shopping.
https://www.youtube.com/watch?v=nYOGEmabAoc
Dubai, UAE;...
Abu Dhabi approves ADNOC’s $132bn five-year growth plan
Abu Dhabi’s Supreme Petroleum Council (SPC) today approved a $132 billion (AED486bn) capital investment plan to support Abu Dhabi National Oil Company’s (ADNOC) five-year growth plan.
https://www.youtube.com/watch?v=muo1o4I5pxM
In a series of...
China leads as global billionaires’ wealth soars to $8.9trn
China produced two new billionaires a week last year as the fortunes of the world's ultra-rich soared by a record amount, Swiss banking giant UBS and auditors PwC said...
Saudi King receives Mohammed bin Rashid
King Salman bin Abdulaziz Al Saud, Custodian of the Two Holy Mosques, King of Saudi Arabia, today received Vice President and Prime Minister of the UAE, Ruler of Dubai,...
Mohammed bin Rashid attends “The Future Investment Initiative” in Riyadh
Vice President and Prime Minister of the UAE, Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum attended The Future Investment Initiative (FII) 2018, which started today...
Saudi Arabia to double its SoftBank investment with extra $45bn
Saudi Arabia is preparing to double-down on its bet that Masayoshi Son can pick the technology giants of the future.
https://www.youtube.com/watch?v=TKT7M3YnSlg
The fund will make another $45 billion investment in Son’s...
Chinese President, Xi Jinping, arrives at the Presidential Palace in Abu Dhabi
Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum and the Abu Dhabi Crown Prince and Deputy Supreme...