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Dubai Investments committed to growth, expansion in Azerbaijan

Source : Saudi Gazette | 25 Oct 2013

Dubai Investments, is reinforcing its commitment to growth in Azerbaijan and the CIS states through an active participation in BakuBuild 2013, the 19th Azerbaijan International Construction Exhibition, currently under way in Baku, Azerbaijan.

At the exhibition which runs till October 26, the largest investment company listed on the Dubai Financial Market showcased the leading-edge capabilities of the company and its subsidiaries, which includes Glass LLC, Emirates Building Systems [EBS], Emirates Extrusion Factory [EEF] and Labtec.

Egyptian president visits India to boost cultural, trade and tourism ties

By Al Arabiya with Agencies | 19 Mar 2013

Egyptian President Mohamed Mursi began his India visit with a ceremonial welcome at the presidential palace in New Delhi on Tuesday.

Mursi is leading a high-level delegation of business leaders and ministers, including the ministers of communications, information technology, trade, commerce and investment.

Bilateral trade between the countries has increased significantly in the recent years in spite of the political transition in Egypt and currently stands at USD 5.5 billion.

NGOs asked to work with IDB

By P.K. Abdul Ghafour | 08 Nov 2012

The Islamic Development Bank wrapped up a successful community development workshop yesterday with the message urging Muslims to support its efforts to strengthen the development of Muslim countries and communities.

Ahmed Mohamed Ali, president of IDB, spoke at the concluding session. He said: “We give great importance to this workshop as it links the IDB with Muslim communities in nonmember countries.”

IDB, Niger reach $ 20 m deals to support food security

By Arab News | Jeddah | 14 May 2012

Mahamadou Issoufou, president of Niger, received Ahmad Muhammad Ali, president, Islamic Development Bank Group, at the Conference Palace in Jeddah yesterday. During the meeting, the IDB Group signed a number of agreements with the government of Niger to support food security programs and other development measures. The financing agreements were signed by IDB Group President and Deputy CEO of ITFC Hani Sonbol representing the IDB Group, and Niger Minister of Planning and IDB Gov. Amadou Boubacar Cisse.

Putin says no cuts in North Caucasus funding

By Gleb Bryanski : Reuters | Moscow | 20 Dec 2011

Prime Minister Vladimir Putin said Russia would not reduce funding for the impoverished and volatile North Caucasus region despite criticism from the opposition and a rising wave of nationalism in the rest of the country.

Putin, campaigning to support his flagging popularity ratings ahead of March 2012 presidential election, made a surprise visit to Chechnya where Russia fought two wars with separatist rebels.

Tourism Center in North Caucasus attracted Asian Investors

Source : Tourism Review | 28 Nov 2011

Investors from Europe and Asia join a Russian project of a new tourism center. Planned to open in 2020, the complex is to include five ski resorts.

Singaporean investor Suprema Associates decided to participate in the construction of a huge Russian tourism center project in the Caucasus. The cooperation agreement was signed in Hong Kong during the international real estate exhibition MIPIM Asia 2011. It is assumed that about USD 1 billion will be invested.

Foreign investor interest crystallizing in $15-billion tourism project in Russia

Source : Northern Caucasus Resorts Company | PRNewswire via COMTEX / Sochi, Russia, 15 Sept 2011

Silicon Valley planned for Russia's North Caucasus

Source : Andy Potts | The Moscow News
Moscow | 25 Aug 2011

Solar energy is set to join Soviet cinema and ski centers at the heart of a new-look North Caucasus.

Plans have been put forward to create a Caucasian Silicon Valley, at a cost of 32 billion rubles ($1.1 billion) as part of on-going efforts to generate opportunities in the troubled Russian region.

Haj fund launched in Kazakhstan

Source : Mushtak Parker | Arab News
Astana | 10 Jul 2011

Iran seeks to raise trade with Iraq to $10 bln this year

Source : Reuters
Baghdad | 07 Jul 2011

Iran aims to boost trade and investment with neighbouring Iraq to $10 billion this year as it looks to further strengthen economic ties, especially in the oil sector, an Iranian official said on Wednesday.

"The big Iranian companies have the ability to engage in trading and investment in Iraq in oil, gas, petrochemicals, agriculture, heavy industries, electricity and religious tourism," said Hassan Kazemi Qomi, head of the Iraq-Iran economic development committee and Iran's former ambassador to Iraq.

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