UAE. With proven oil reserves of approximately 115 billion barrels, Iraq's oil industry has seen considerable growth. The opportunities, however, are not without their challenges. The existing legal framework within which the IFG and the KRG operate is based on constitutional provisions.
INTERNATIONAL. New research from PwC projects that traditional assets under management (AuM) in 12 markets across Africa will rise to around US$1,098 billion by 2020, from a 2008 total of US$293 billion.
UAE. Egis acquires 51% of Projacs, the leading project and construction management firm in the Middle East. This transaction represents a new stepping stone for the development of both Egis and Projacs.