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- Saudi Arabia launches BAE Systems Arabian Industries to localize defense manufacturing
- Bahrain All Share Index, Islamic Index close lower
- Oman inflation contained despite global trade shocks
- Burgan Bank sponsors 'Bonds, Loans & Sukuk Middle East Conference' in Dubai
- NBK receives 4 prestigious awards from Euromoney Awards for Excellence in 2025
- Gulf Bank offers 14 tips to customers for travel season
- First LNG train from Qatar's North Field expansion to come online in mid-2026: Al-Kaabi
- GE Vernova announces $14.2bn initiatives to support Saudi energy transition
- Saudi Arabia Ranks Second in G20 for ICT Regulatory Progress
- Oman signs several agreements with Islamic Development Bank Group
22/05/2025 02:16 AST
Investment promotion agency Invest Qatar has launched a $1 billion program aimed at accelerating investment inflows and boosting diversification of the Qatari economy, it said on Wednesday.
Announced during the 5th Qatar Economic Forum, the program offers financial packages for local and international investors covering up to 40 percent of expenses such as setup costs, construction, leases and staff for a five-year period.
It said the first phase of the program will offer four off-the-shelf packages designed to stimulate fresh investment, support the expansion and digitization of existing facilities, create high-skilled employment, and promote knowledge transfer.
The Advanced Industries Package targets high-value, technology-intensive sectors such as pharmaceuticals, chemicals, automotive, and electronics.
The Logistics Package encourages investments in infrastructure, automation and advanced logistics services, while the Technology Package seeks to develop the digital economy through support for cybersecurity, cloud computing, artificial intelligence and data-driven innovation.
The Lusail financial services package aims to advance fintech, insurance, asset and wealth management, while incentivising firms to establish offices in Lusail, the country's main financial district.
Reuters
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22/05/2025
Defense manufacturing is set to advance in Saudi Arabia with the launch of BAE Systems Arabian Industries, a new entity aimed at accelerating localization and strengthening the Kingdom's military ind
Arab News
22/05/2025
Inflationary pressures in Oman and across the GCC region remained contained during the first quarter of 2025, highlighting a broader regional trend of price stability amid global trade tensions.
Muscat Daily
22/05/2025
Qatar will more than double LNG production from current 77mn tonnes to 160mn including production from Golden Pass project in Texas, which will come online later this year, says Minister of State for
Gulf Times
22/05/2025
GE Vernova has announced initiatives worth up to $14.2 billion to accelerate Saudi Arabia's energy transition with US technology and expertise.
The initiatives were announced in the presenc
Trade Arabia
22/05/2025
Saudi Arabia has secured second place among G20 countries in the UN International Telecommunication Union's 2024 ICT Regulatory Tracker, marking a significant milestone in the Kingdom's efforts to mo
Asharq Al Awsat
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