Free Trade Zones

Brexit reveals how UK used EU membership as an ‘excuse’ not to invest in UK industry | UK | New

One of the main spring budget announcements was the location of eight new freeports in England. Chancellor Rishi Sunak has confirmed that they will be located at East Midlands Airport, Felixstowe and Harwich, in the Humber region, in the Liverpool region, Plymouth, Solent, Thames and Teesside. Free ports will benefit …

Read More »

Carl Icahn owns approximately $ 400 million stake in Allstate

Bloomberg Oil has changed little as investors weigh on Iran and demand increases (Bloomberg) – Oil edged up with the prospect of a continued recovery in demand offsetting some concerns about rising supplies to Iran if sanctions on the country’s exports are relaxed. West Texas Intermediate closed higher after tilting …

Read More »

Egyptian FATF approves 13 new free zone projects worth $ 167 million in January-April 2021

The Egyptian General Authority for Investment and Free Zones (FATF) approved 13 new free zone projects with a capital of 167 million dollars between January and April 2021, according to the CEO of the authority, Mohamed Abdel Wahab. The data came as Abdel Wahab was meeting with Prime Minister Mostafa …

Read More »

Nigeria: how not to reform Nigeria’s free zones

The ongoing controversy in Nigeria’s special economic zones is a dice[1]traction caused by the failure of those in power to put the national interest above the selfish agendas of the few. Read all the news and after the inter[1]actions with local and international stakeholders, it is clear that the ministerial …

Read More »

Kenya: the city of Tatu chosen to represent the World Organization of Free Zones in Kenya

Nairobi – Tatu City has been designated by the World Organization of Free Zones (World FZO) as its Kenyan representative of its more than 700 members around the world. This means that the World FZO regional office in Kenya will be administered locally by Tatu City as a center of …

Read More »

India-UK summit: a giant leap together

As the rubble of the Babri Mosque fell into the vacuum cleaner in Ayodhya, British Prime Minister John Major became the first foreign dignitary to visit India after the demolition. To the surprise and delight of his hosts in New Delhi, he praised India’s commitment to a “secular constitution and …

Read More »

The coasts of Chabahar and Konarak planned for the development of tourism

TEHRAN – Local authorities, in close collaboration with the private sector, have prepared a plan to strengthen tourist infrastructure on the coasts of Chabahar and Konarak in the province of Sistan-Balochistan. “Private investors will be supported in their tourism-related projects by the province’s department of culture, tourism and crafts, including …

Read More »

China’s central region takes on strong vitality

TAIYUAN, May 22 (Xinhua) – Central China’s provinces are on track for strong economic recovery through industrial transformation and greater openness while adopting effective COVID prevention and control measures. 19. Central China, including the six provinces of Shanxi, Henan, Anhui, Hubei, Hunan and Jiangxi, is one of the country’s fastest …

Read More »

UAE 100% Foreign Ownership Will Boost Investor Confidence and Lower Cost of Operations

(MENAFN – Khaleej Times) The UAE’s announcement of 100% foreign ownership in all areas as of June 1 is being touted as a game changer and a masterstroke. This was the biggest request from various works councils in decades. The current system requires 51 percent local sponsorship as well as …

Read More »