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FINANCIAL NEWS
MENA’s energy investments to hit USD740b by 2017
30 Apr 2013
(MENAFN) The Arab Petroleum Investment Corp (Apicorp) stated that by 2017, the Middle East and North Africa (MENA) region is projected to invest nearly USD740 billion in the energy sector, reported Emirates 24/7.
The bulk of these investments, or more than 75 percent, will come from 7 countries among the biggest holders of oil and gas reserves that have not encountered political turmoil, excluding Libya and including Iraq.
The Arab world’s biggest economy, Saudi Arabia, is expected to invest USD165 billion in the sector, with the amount mainly coming from Saudi Aramco, SABIC and its affiliates, in addition to Saudi Electricity Company (SEC).
Meanwhile, in the UAE, investments in the energy sector are expected to reach around USD107 billion.
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
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12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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