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Meraas awards $544m contract

It has been awarded for construction of Design Quarter at d3

Salik 2024 net profit before taxes $348m

The toll operator's revenue increased by 6% to $626 million.

ADNIC okays 45% dividend for 2024

The company achieved its highest ever revenue and net profit.

stc net profit for 2024 $6.58bn

This is an increase of 85.7 percent over the previous year.

e& reports $2.94 billion in net profit

e&’s subscriber base rose 11.7% to 189.3m

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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