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Al-Hamad emphasized strengthening the role of commercial arbitration
Al-Hamad emphasized strengthening the role of commercial arbitration

Zawya

time05-08-2025

  • Business
  • Zawya

Al-Hamad emphasized strengthening the role of commercial arbitration

London, United Kingdom – Dr. Kamal Abdullah Al-Hamad, Secretary-General of the GCC Commercial Arbitration Centre, emphasized the importance of enhancing the role of commercial arbitration and dispute resolution in attracting foreign investments to the Gulf region. He highlighted the need to create a conducive business environment supported by modern tools that ensure stability, growth, and prosperity for investments, thereby contributing to the economic momentum of the GCC countries. This came during a meeting held at the London Court of International Arbitration (LCIA), attended by Mr. Majid Garoub, Chairman of the Centre's Advisory Committee, and Mr. Brandon Malone, Advisory Committee Member and Chairman of the Scottish Arbitration Centre. The meeting addressed several topics of mutual interest. Dr. Al-Hamad praised the efforts of the LCIA and its collaboration with the GCC Commercial Arbitration Centre in fostering a secure investment climate, facilitating business practices, and supporting investors in expanding their ventures. He further emphasized the importance of providing legal guarantees that protect and encourage foreign investment, enhancing the overall reputation of investment activity in the GCC region. During the meeting, Dr. Al-Hamad presented an overview of the GCC Commercial Arbitration Centre's role in ensuring a transparent and supportive legislative environment for arbitration procedures in the Gulf, enforcing arbitration rulings, and developing a robust pool of arbitrators and experts. He also highlighted the Centre's commitment to ongoing training and qualification, which ensures the issuance of fair and specialized decisions in resolving disputes and contributes to legal and judicial security in the region. Dr. Al-Hamad reaffirmed the pivotal role of arbitration centers, commercial courts, and relevant ministries and authorities in the GCC in promoting legal awareness and educating investors on the importance of arbitration as an alternative to litigation. He pointed out that arbitration is one of the main tools for attracting investment, instilling confidence in investors, and encouraging the transfer of capital to host countries, thereby boosting commercial activity. Both parties agreed on fostering mutual cooperation and exchanging expertise in dispute resolution, with the aim of creating a sustainable investment strategy for the GCC region.

Gold sales slide 20% amid easing inflation, currency recovery
Gold sales slide 20% amid easing inflation, currency recovery

Zawya

time04-08-2025

  • Business
  • Zawya

Gold sales slide 20% amid easing inflation, currency recovery

Egypt - Gold purchases in Egypt declined by 20% year-on-year in the second quarter of 2025, according to Ehab Wassef, Head of the Gold and Precious Metals Division at the Federation of Egyptian Industries. Wassef attributed this drop to improved economic conditions and the relative stability of the exchange rate, which have reduced gold's appeal as a hedge. Total gold purchases during Q2 2025 reached 11.5 tonnes, compared to 14.4 tonnes in the same period of 2024. The decline reflects a natural cooling of speculative activity that had previously dominated the market, Wassef explained, following the Egyptian pound's recovery against the dollar and easing pressure on commodity prices. Breaking down the divs, gold jewellery purchases reached 5.7 tonnes, down 17% from a year earlier, while bullion and gold coin purchases fell by 23% to 5.9 tonnes. 'This shows a reduced appetite for using gold as a protective asset, thanks to greater monetary stability and declining inflation,' Wassef noted. He also highlighted that the strengthening of the Egyptian pound and higher foreign currency inflows—supported by robust tourism revenues and foreign investments in local debt instruments—have helped calm the market. 'Citizens now feel more confident in the economy's stability and no longer rush to gold to preserve their savings as they did previously,' he added. Regarding price trends, Wassef pointed out that local gold prices recorded a noticeable decrease in July. The price of 21-karat gold fell by around 2.7%, ending the month at approximately EGP 4,520 per gram, down from EGP 4,645 at the beginning of July. This drop came despite continued volatility in global gold prices, which closed last week above $3,350 per ounce. Wassef concluded that Egypt's gold market is gradually shifting from speculation-driven demand to a more balanced environment based on real consumer needs, whether for adornment or investment. He emphasised that preserving monetary and economic stability remains essential to maintain this healthier market dynamic. © 2025 Daily News Egypt. Provided by SyndiGate Media Inc. (

UK Eases Foreign Investment Scrutiny With Focus on Water, Chips
UK Eases Foreign Investment Scrutiny With Focus on Water, Chips

Bloomberg

time22-07-2025

  • Business
  • Bloomberg

UK Eases Foreign Investment Scrutiny With Focus on Water, Chips

The UK is narrowing the scope of its national security regime surrounding foreign investments to ease the burden on most businesses while focusing scrutiny on the sectors most vulnerable to malign foreign interference, including water, semiconductors and critical minerals. Changes to the National Security and Investment Act due to be announced Tuesday will lift requirements for businesses operating in 17 sensitive sectors to notify the government about certain types of internal reorganizations and the appointment of liquidators, according to people familiar with the matter.

Foreign investments in Saudi Arabia surpass SAR 3T in Q1 2025
Foreign investments in Saudi Arabia surpass SAR 3T in Q1 2025

Argaam

time08-07-2025

  • Business
  • Argaam

Foreign investments in Saudi Arabia surpass SAR 3T in Q1 2025

Foreign investments in Saudi Arabia crossed the SAR 3 trillion threshold for the first time in Q1 2025, according to recent data from the Saudi Central Bank (SAMA). The total amount of the foreign investments stood at SAR 3.05 trillion, rising 16% year-on-year (YoY) by the end of the three-month period. Foreign direct investments (FDIs) represented 33% (SAR 995.5 billion) of total investments in Q1 2025. Portfolio investments, which include equity, investment funds and debt bonds, reached SAR 1.24 trillion. Other investments amounted to SAR 808.4 billion for the same period.

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