Diversification | Egypt Oil & Gas - Part 3
UAE Mulls Remittances Tax in Diversification Drive
A member of the Federal National Council yesterday (Tuesday) proposed that the UAE impose a tax on the billions of dirhams which foreign workers send back to their home countries every year. “The Federal National Coun...
Family Businesses Backbone of Non-Oil Sector in GCC, Need Legal Help, Says UAE Tycoon
One of the United Arab Emirates’ (UAE) most prominent businessmen is leading calls for regulations across the Gulf Arab region to smooth the transfer of ownership of family businesses after the death of the foun...
GCC Feels Oil Price Squeeze, Non-Oil Exports Still Strong
The Gulf Cooperation Council (GCC) countries such as Oman and Qatar are facing considerable pressure from the slump in oil prices, as they are heavily dependent on oil and gas revenues, a new report said. Oil prices h...
Iran: Must Shelter Industry from Post-Sanction Oil Surge
Iran says it has taken required measures to deal with the impacts of an anticipated surge in revenues should the sanctions against the country are removed as the result of the success in nuclear talks with P5+1 group ...
$9.6 Billion for Egyptian-Owned Coal Power Plant
The Electricity Ministry said on Tuesday it has signed a memorandum of understanding (MOU) with the joint-stock petroleum company Tharwa for the construction of a coal-powered, 6,000-megawatt electricity station with ...
Japan-Saudi Petrochem Complex Secures Finances for Expansion
Saudi Arabia’s PetroRabigh, a joint venture between Saudi Aramco and Sumitomo Chemical, has signed loans worth 19.4 billion riyals ($5.2 billion) for the expansion of its petrochemicals complex, it said on Tuesd...
GE Investments to Help Saudi ‘Vision 2024’ Diversification Plan
GE has announced $100 million in new programmes that will further the company’s localisation efforts, build innovation capacity, and create jobs in advanced manufacturing and software analytics. This new investment ad...
Qatar: Fund for Innovation, SMEs to Lessen Hydrocarbon Dependency
The Qatar Science & Technology Park (QSTP) is looking towards its Proof of Concept Fund (POCF) programme to stimulate growth in the country’s small and medium-sized enterprises (SMEs) sector, QSTP director for Inn...
