Iraq aims to attract $250bn in investments by 2027
Iraq is seeking to attract $250bn in new investments over the next two years, according to the National Investment Commission (NIC), as the country accelerates reforms to strengthen its economic growth.
Britain’s millionaires plot exit as Labour tax plans rattle the rich
Britain risks an exodus of its wealthiest residents as the Labour government weighs a wealth tax, with fresh data showing more than half of British Millionaires would consider leaving the country if such a levy is introduced.
UAE’s e& acquires $400m stake in Careem
UAE’s Emirates Telecommunications Group Company (e&) has announced the acquisition of a majority stake worth $400 million in the Careem super-app, owned by Uber. e& will become a majority investor alongside Uber who will still remain the whole owner of Careem. The move accelerates Careem’s plans towards becoming an “everything app” in the region. Currently, […]
Qatar World Cup to generate $4 billion revenue
Hospitality, f&b, sports merchandise and fashion sectors are projected to garner the larger share of the spends by the football fans and tourists during the November-December world cup period The forthcomingFIFA World Cup in Qatar is predicted to generate about $4 billion revenue opportunity from tourist expenditure in the Middle East, a new research report […]
UAE Gender Balance chief hails move to appoint more women to the board
Sheikha Manal says move is ‘vital step towards further empowering women’ in line with international best practices The UAE has become the first in the region to issue binding legislation mandating women’s representation on the boards of government institutions. Sheikha Manal bint Mohammed bin Rashid Al Maktoum, president of the UAE Gender Balance Council, on […]