Search Site

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

IHC Q1 net profit $2.17bn

The company launches Share Buyback Programme

Jordan’s FDI in 2021 reaches $622million, Arab region’s $53 billion

Arab region's FDI constitute 3.3 percent of the global FDI. (WAM)
  • UAE was the topmost FDI destination in the Arab world, with $20.7 billion or 39.1 percent of the region's total FDI.
  • UAE was followed by Saudi Arabia with $19.3 billion, Egypt with $5.1 billion, Oman with $3.6 billion, and Morocco with $2.2 billion.

The Foreign Direct Investment (FDI) in Jordan amounted to $622 million in 2021, constituting 1.2 percent of the Arab region’s total FDI.

The Arab Investment and Export Credit Guarantee Corporation (Dhaman) issued data Tuesday which confirmed this.

The Arab region’s FDI in 2021 went up by 42 percent to $53 billion, comprising 6.3 percent of developing countries’ FDI and 3.3 percent of the global FDI that totalled $1.58 trillion, said Dhaman.

The top five Arab countries that took over 96 percent of the region’s FDI are topped by the United Arab Emirates with $20.7 billion or 39.1 percent.

It is followed by Saudi Arabia with $19.3 billion or 36.5 percent, Egypt with $5.1 billion or 9.7 percent, Oman with $3.6 billion or 6.8 percent, and finally Morocco with $2.2 billion or 4.1 percent.