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Economy

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

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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