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- Alba hits 38 million safe working hours without LTI
- Rolls-Royce shares surge as engine maker lifts outlook
- Gulf Bank concludes the third edition of its 'Fekrety' innovation competition
- AD Ports in deal to develop Egypt crude oil storage network
- Abu Dhabi hotels' revenue tops $185m in May
- NMDC Group revenues hit $3.65bn in H1
- Barq marks 1st year with 7 mln users & SR73 bln in transactions, powering Saudi Arabia's digital shift
- Saudi Arabia Launches New Industrial Projects in Eastern Province
- Amazon profits surge 35% as AI investments drive growth
- Saudi Aramco reduces August propane, butane benchmarks
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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01/08/2025
Hotel establishments in Abu Dhabi continued their positive performance in May 2025, driven by higher occupancy rates and an increasing number of international guests.
The sector recorded to
Trade Arabia
01/08/2025
In a scene that reflects the Kingdom's rapid shift toward a cashless economy, Barq, the digital payments application, has recorded exceptional performance in its first year of operation.
The
Saudi Gazette
01/08/2025
Saudi Arabia inaugurated new industrial projects in Dammam on Thursday, as Eastern Province Governor Prince Saud bin Naif opened two major facilities in the city's First and Second Industrial Zones.
Asharq Al Awsat
01/08/2025
Oman's free zones are set to attract greater foreign investment after signing up to a global network designed to boost the economic areas.
The Public Authority for Special Economic Zones and
Arab News
01/08/2025
Artificial intelligence adoption in the Global South is set to accelerate under a new UAE-led partnership with Malaysia and Rwanda aimed at expanding ethical AI use and knowledge sharing.
T
Arab News
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