INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Strong growth key to GCC’s FDI appeal

  • The optimism stems from strong economic growth, which is expected by IMF to reach 3.6% in 2023, higher than the global average of 3.3%.
  • The GCC region is especially ripe for FDI, as the high demand for oil and gas is expected to continue to spur the growth of economies in the region.

Dubai, UAE — The Middle East and North Africa (MENA) region remains optimistic about Foreign Direct Investment (FDI) inflows for 2023 and beyond. The optimism stems from strong economic growth, which is expected by IMF to reach 3.6% in 2023, higher than the global average of 3.3%, especially in the GCC region that will continue to witness a strong demand for oil and gas products, as well as by government-led diversification efforts. Here is a look at the three top-ranking GCC economies on the 2023 Kearney FDI Confidence Index.