Abu Dhabi's Gulf Capital is considering four deals in Egypt in healthcare, oil and gas, petrochemicals and consumer goods, the firm's chief executive said on Monday.
The Nippon Foundation, a Japanese philanthropic organization that promotes social innovation, has said it is willing to establish a US$100 million endowment fund to support expansive and innovative activities at the World Maritime University (WMU).
The UAE’s investments in the maritime industry are expected to reach $66 billion (Dh242 billion) in the next three years, according to industry estimates released at the Dubai Maritime Summit kicked off on Monday.
In a bid to support President Joko “Jokowi” Widodo’s lofty maritime axis plan, the Financial Services Authority (OJK) has instructed banks to increase credit for the sector by 50 per cent to 128 trillion rupiah (S$13.3 billion) this year, an official says.
Even with low prices, oil and gas sector will generate much needed cash to fund other infrastructure projects.
Saudi Aramco , the kingdom's state oil giant, is seeking to borrow $4.7 billion from banks to refinance capital used to build a refinery in collaboration with China's Sinopec , three sources with knowledge of the matter said on Tuesday.