Business & Management

UAE changes visa rules to attract global investors

HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, said that the decision will be enforced by Q3 2018. (Image source: www.sheikhmohammed.ae)

In line with the UAE?s position as a primary destination for international investors and a global talents, the UAE Cabinet, chaired by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has adopted a new system of entry visas for investors and professional talents providing them with a long-term visa for up to 10 years

GIB capital advises Saudi Tabreed on the investment by IDB infrastructure fund II

Saudi Tabreed has an operations and maintenance contract for the district cooling plant at King Abdullah Financial District. (Image source: hamza82/Flickr)

GIB Capital, the investment banking subsidiary of Gulf International Bank (GIB), has advised Saudi Tabreed District Cooling Company on the private placement of a significant minority stake in Saudi Tabreed to IDB Infrastructure Fund II

Moody's expects Saudi spending cuts to slow non-hydrocarbon GDP growth

Saudi Arabias economy was hurt by the slump in oil prices. (Image source: James N. Mattis/Flickr)

Rating agency Moodys said that Saudi Arabias efforts to reign in spending would slow the growth of its non-hydrocarbon sector, seen as an important step in diversifying the economy away from oil revenues

MENA fintech sector to attract US$2.5bn in deals by 2022, study finds

Banks are currently acquiring, partnering and also sponsoring fintech companies. (Image source: Laymanzoom/Adobe Stock)

The current MENA fintech market is estimated at US$2bn and expected to witness an annual growth of US$125mn until 2022, according to MENA Research Partners (MRP), who added that increasingly compelling business models of fintech are expected to drive the market growth further

Saudi crown prince visits France to strengthen bilateral ties

Mohammed bin Salman is the crown prince of Saudi Arabia. (Image source: James N. Mattis/Flickr)

With Saudi Arabia?s crown prince Mohammed bin Salman?s visit to France, both the countries look forward to build bilateral trade relations to strengthen security, economy and business between them