Latest news with #InvestmentLaw
Daily News Egypt
16-07-2025
- Business
- Daily News Egypt
GAFI chief highlights tax incentives, licensing reforms to boost mining investment
Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), affirmed that Egypt's strategy to raise the mining sector's contribution to 5% of GDP focuses on deepening industrial capacity, establishing value-added chains within mining industries, and expanding logistics services, including shipping, transport, storage, and supply chain management. His remarks came during the Egypt Mining Forum 2025, held under the auspices of the Ministry of Petroleum and Mineral Resources, with the participation of prominent local and international stakeholders. Heiba emphasised that the mining sector has long represented a strategic partnership between the government and the private sector. In recent years, the Egyptian government has prioritised enhancing the sector's competitiveness through targeted investment incentives and infrastructure development, recognising the country's significant mineral potential. The GAFI chief detailed the incentives offered under the Investment Law for mining institutions, most notably the right to recover up to 50% of investment costs via tax deductions over a period of seven years from the project's commencement. Furthermore, mining projects can apply for the Golden Licence, which consolidates all required approvals and permits into a single licence issued within just 20 working days. Heiba also highlighted a range of investment systems tailored to mining projects, including special free zones and dedicated investment zones, which enable investors to complete all licensing procedures in one location. He noted that GAFI now hosts Egypt's digital company registration platform and the unified investment licensing platform, adding that the digitisation of services has significantly streamlined processes and supported growth in the mining sector in recent years.
Jordan News
15-07-2025
- Business
- Jordan News
CFI Sparks Interest in Jordan's Stock Market as a Promising Investment Opportunity - Jordan News
CFI Sparks Interest in Jordan's Stock Market as a Promising Investment Opportunity In a strategic move to boost local investment and promote the Jordanian capital market as a promising and secure destination that supports long-term national economic growth within a regulated environment, CFI Financial Group—a global leader in trading and financial services—has launched initiatives to promote a culture of investment in the Amman Stock Exchange (ASE). اضافة اعلان CFI is positioning the Jordanian stock market as a smart, secure investment choice offering real opportunities for individuals and investors in a regulated ecosystem overseen by the Jordan Securities Commission, which ensures investor protection and financial stability. These efforts align with the firm's campaign titled 'Opportunities Start from Jordan,' aimed at attracting investor attention to the local market and enhancing confidence in its potential to fuel corporate growth, create jobs, and support diversified, sustainable investment portfolios alongside international markets. Local Investment: A Strategic Priority Louay Azar, Regional CEO of CFI for the Middle East and North Africa, stated: 'We believe that smart investing is just as important as responsible investing—and it starts here, with local opportunities we understand deeply. The Jordanian market holds real potential and untapped opportunities. At CFI, we are opening the doors of this market to Jordanian investors with confidence and transparency, committed to creating a positive impact in the markets and communities we serve. We emphasize the importance of adopting a strategic, long-term investment mindset.' Market Support from Key Stakeholders Mazen Wathaifi, CEO of the Amman Stock Exchange, welcomed such initiatives, noting: 'We value efforts that highlight the Jordanian capital market and raise awareness of the importance of local investment. This campaign comes at a critical time to encourage investors to benefit from available opportunities within a transparent, well-regulated trading environment that offers the necessary infrastructure to attract and grow investments.' Wathaifi also emphasized the strategic significance of domestic investment, especially in light of Jordan's new Investment Law, which enhances the market's appeal regionally and internationally, offering attractive incentives—including Jordanian citizenship under specific conditions. Financial Sector Endorsement Dr. Mohammad Abdel Sattar Jaradat, President of the Jordanian Association of Financial Services Companies, commented: 'This campaign marks a strategic step toward revitalizing Jordan's financial market by stimulating local trading within a licensed and regulated framework. It reflects a practical commitment to supporting the local market and aligns with national strategies to boost financial literacy, expand the investor base, and promote more inclusive and sustainable economic growth.' 'Reviving the Jordanian market is not a complementary option—it's an economic necessity. It strengthens national companies and opens new pathways for youth and individual investors, reinforcing Jordan's position as a promising regional financial hub.' "Opportunities Start from Jordan" Campaign The "Opportunities Start from Jordan" campaign builds on CFI's ongoing efforts to promote financial literacy and create a more informed investment community. The initiative gives Jordanian investors access to reliable national investment tools within a modern, transparent, and licensed trading environment. CFI also offers specialized educational content and continuous training seminars to support traders of all experience levels, enabling them to make well-informed financial decisions. About CFI Financial Group Founded in 1998, CFI Financial Group is the leading online trading provider in the MENA region, with over 25 years of experience. The group operates in major cities including London, Abu Dhabi, Dubai, Cape Town, Baku, Beirut, Amman, and Cairo, offering integrated access to local and global markets. CFI provides a wide range of trading options—stocks, forex, commodities, and more—with competitive trading conditions, including zero commissions, tight spreads, and ultra-fast execution. A pioneer in using AI-powered smart trading tools, CFI delivers innovative, user-friendly solutions for traders of all levels. The group enhances financial awareness through multilingual educational content and maintains a commitment to excellence through high-profile partnerships—with AC Milan, FIBA Wasl, MI Cape Town, and the Department of Culture and Tourism – Abu Dhabi. With Sir Lewis Hamilton, seven-time Formula 1 World Champion, as its global brand ambassador, CFI reinforces its shared values of innovation, success, and community engagement. For more information:
Saudi Gazette
10-07-2025
- Business
- Saudi Gazette
Finance minister highlights private sector role in resilience at WEF roundtable
Saudi Gazette report RIYADH — Saudi Minister of Finance Mohammed Aljadaan participated on Thursday in a high-level virtual roundtable of the Resilience Consortium, an initiative led by the World Economic Forum (WEF) aimed at enhancing global economic resilience amid escalating global challenges. The meeting brought together ministers, CEOs, and heads of international organizations to examine the private sector's critical role in strengthening resilience, spurring innovation, and promoting sustainable growth, particularly in emerging markets. During the session, Aljadaan stressed the importance of expanding private sector engagement to accelerate development goals, boost GDP, and create a more attractive climate for investment. 'Investing in e-government services is not merely a modernization effort,' Aljadaan said. 'It is a vital step toward building a transparent, efficient ecosystem where the private sector can thrive. Our economic transformation is anchored in strong partnerships.' The finance minister highlighted the Kingdom's new Investment Law, which aims to level the playing field for investors, streamline regulatory processes, and enhance investor also emphasized the value of targeted public investments in high-potential sectors, saying such initiatives act as catalysts for attracting private capital and accelerating by the WEF in 2022, the Resilience Consortium brings together leaders from governments, businesses, and global institutions to strengthen economic systems against rising risks including climate change, pandemics, and geopolitical uncertainty.
Saudi Gazette
10-07-2025
- Business
- Saudi Gazette
Al-Jadaan: Economic transformation thrives on partnership
Saudi Gazette report RIYADH — Minister of Finance Mohammed Al-Jadaan said that Saudi Arabia's development underscores that economic transformation thrives on partnership. He made the remarks while participating on Thursday in a virtual roundtable meeting for Resilience Consortium leaders, which was organized by the World Economic Forum (WEF). The meeting brought together ministers, private sector CEOs, and leaders of international organizations to exchange views on addressing the private sector's role in advancing resilience, innovation, and growth in emerging markets. Al-Jadaan said that Saudi Arabia's new Investment Law creates a level playing field, streamlines processes, and enhances investor protections. 'The targeted public investments unlock high-potential sectors and crowd in private capital,' he said. The minister emphasized that investing in e-government services is not just about modernization, but also about creating a transparent and efficient environment where the private sector can thrive. Al-Jadaan highlighted the importance of enhancing the participation of the private sector to achieve development goals, in a way that drives GDP growth and creates an attractive environment for investment. He also pointed to the importance of developing promising sectors through targeted public investments and strengthening digital infrastructure. The Resilience Consortium is an initiative launched by the World Economic Forum in 2022, bringing together leaders from governments, businesses, and international organizations to strengthen the global economy's ability to adapt and withstand escalating crises such as climate change, pandemics, and geopolitical disruptions.
Tokyo Reported
28-06-2025
- Tokyo Reported
‘I never thought a priest would deceive people' – Shiga police reveal investment fraud
SHIGA (TR) – Shiga Prefectural Police have arrested a male Shinto priest from a shrine in Shizuoka Prefecture for illegally collecting cash under the pretext of investment, reports ABC News (June 26). Between March and July of last year, Hidemoto Kojima, 64, a priest based in Iwata City, is suspected of illegally collecting a total of 22 million yen in cash from a man in his 40s and a woman in her 50s, both from Shiga Prefecture. Kojima allegedly offered investment opportunities in foreign exchange and other products with the promise of high dividends and principal guarantees. Police have not revealed whether Kojima has admitted to violating the Investment Law. Hidemoto Kojima (X) According to police, Kojima, who serves as the leader of the religious group Enshu Izumo, used his position as a Shinto priest to gain the trust of others by claiming to offer 'principal guarantees' and 'high dividends.' The incident came to light when an investor contacted the police. The person said, 'I never thought a priest would deceive people.' Kojima is believed to have used his position as a priest to collect hundreds of millions of yen from at least 40 people. The investigation is ongoing.
