Electrify Africa in 10 Years? — The African Development Bank’s new president wants to bring electricity to the poorest parts of the continent within a decade and says he can mobilize $55 billion a year to make it happen.
UAE aspires to be among the most innovative global societies by 2030 — The Dubai Expo 2020 would further accelerate the non-oil diversification drive in the country and generate an economic impact worth $19.6 billion until 2021. Innovation is projected to account for at least 5 per cent of UAE GDP by 2021, Sultan Al Mansouri, the Minister of Economy, told the World Economic Forum global summit in Abu Dhabi.
FDI in Kuwait Soars — The recently implemented foreign direct investment law has amply succeeded in attracting a number of foreign projects from well-heeled international companies.
Indian co Reliance: No limit to our investment in Israel — Senior execs from Indian tycoon Mukesh Ambani's company are in Israel looking for startups.
Oman, Japan to form $400 million fund to invest in food sector — Oman's biggest sovereign wealth fund has agreed with Japanese institutions to set up a joint $400 million fund that will invest in food and agribusiness industries.