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Economy

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

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.

UAE tops Arab countries as best Foreign Direct Investment hub

The move aligns with the ‘We the UAE 2031’ vision.
By TRENDS Desk
June 10, 2022 9:24 am
  • The UAE remained the largest recipient of FDI with flows increasing from US$19.88 billion in 2020 to US$20.7 billion in 2021
  • The report showed that global flows of FDI recovered to pre-pandemic levels last year, reaching US$1.58 trillion, an increase of 64 percent compared to 2020

United Arab Emirates ranked first among Arab countries for attracting Foreign Direct Investment (FDI) in 2021, according to the newly released United Nations Conference on Trade and Development’s (UNCTAD) World Investment Report 2022.

The UAE remained the largest recipient of FDI with flows increasing from US$19.88 billion in 2020, to US$20.7 billion in 2021.

The report showed that global flows of FDI recovered to pre-pandemic levels last year, reaching US$1.58 trillion, an increase of 64 percent compared to 2020.

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