Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

McDonald’s profits up 7%

The quarterly profits increased despite weak Middle East sales.

ADQ buys stake in Plenary Group

The deal is aimed at expanding public and social infrastructure.

FPT and Nvidia to build AI factory

Nvidia had invested around $250 million in Vietnam.

Swiss reserve hike hits UBS

The reserve requirement will increase from 2.5% to 4% from July 1.

UAE tops Arab countries as best Foreign Direct Investment hub

The move aligns with the ‘We the UAE 2031’ vision.
  • 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.