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Business, Economy

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

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

FDI flows to developing countries fell by 7 percent to $867 billion last year, reflecting an 8 percent decrease in developing Asia.
By TRENDS Desk
June 14, 2022 10:28 pm
  • 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.

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