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Business, Economy, Infographic

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Strong growth key to GCC’s FDI appeal

By Hilal Mir
July 23, 2023 10:43 pm
  • 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.

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