Middle-east Arab News Opinion | Asharq Al-awsat

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Saudi Arabia Establishes ‘Fund of Funds’ for Small Enterprises

by Shuja Al-Baqmi | Oct 10, 2017 | Business

Riyadh- The Public Investment Fund (PIF) has announced the establishment of the Fund of Funds, a new investment vehicle designed to provide small and medium-sized enterprises (SMEs) with access to capital by investing in venture capital and private equity funds. The...

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The Fitch Ratings logo is seen at their offices at Canary Wharf financial district in London,Britain, March 3, 2016. REUTERS/Reinhard Krause

Fitch Downgrades Tunisia to ‘B+’

by Asharq Al-Awsat | Feb 5, 2017 | Business

Cairo- Fitch Ratings has downgraded Tunisia’s long-term foreign and local currency issuer default ratings to ‘B+’ from ‘BB-’. The outlook is stable. The agency explained this by “the collapse of tourism in the context of elevated security risks, slowdown in investment...

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A customer checks dates displayed on a truck during the annual dates festival in Berida in the Saudi central province of Qassim August 24, 2013. REUTERS/Faisal Al Nasser

GCC Food Services Market to Reach USD28 billion by 2020

by Asharq Al-Awsat | Jan 23, 2017 | Business

Dammam – Al Masah Capital Limited has prepared an economic report that expects an annual growth of 6.8% in the food services market in GCC countries, up to USD28 billion by 2020. UAE has been ranked among the greatest 20 countries in the food service markets...

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Report: World’s Eight Richest as Wealthy as Half Humanity

by Asharq Al-Awsat | Jan 18, 2017 | Business

London- Just eight individuals, all men, own as much wealth as the poorest half of the world’s population, Oxfam said on Monday in a report calling for action to curtail rewards for those at the top. As decision makers and many of the super-rich gather for this...

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IMF First Deputy Managing Director David Lipton attends a news conference at Article IV Consultation talks in Tokyo May 30, 2014. REUTERS/Issei Kato

IMF: Immigration Boosts Wealth of Hosting Countries

by Asharq Al-Awsat | Jan 11, 2017 | Business

Brussels – Immigration has a generally positive economic impact on receiving countries but the benefits depend on how well the migrants are integrated, the International Monetary Fund’s First Deputy Managing Director David Lipton has said. Speaking at a...