• Dubai food and beverage sector stirs up with investment of US$577m

    Dubai, UAE-- The food and beverage sector in Dubai has attracted new FDI worth $577 million from 2019 to 2023, which was made by 48 international companies from 23 countries, according to data from FDI Intelligence. The UAE’s food and beverage sector generated $16.4 billion in retail sales, including fresh...

  • UAE 15th largest FDI recipient in 2020

      The emirates climbed seven places in global rankings from 2019 to 2020 The country also maintained its place as the 13th biggest for FDI outflows, investing $19 billion   The UAE was the world’s 15th biggest recipient of foreign direct investment (FDI) in 2020, receiving $20 billion, up from...

  • ADNOC raises $1.64 bn from share, bond offering

    The Combined Offering results in proceeds of $1.64 billion for ADNOC ADNOC will retain at least a 70 percent strategic stake in ADNOC Distribution ADNOC raises $1.64 bn in combined offering of ADNOC Distribution shares and issuance of exchangeable bonds attracting FDI into UAE Abu Dhabi National Oil Company (ADNOC)...

  • MENA: Saudi Arabia was top FDI destination in 2020

    Saudi Arabia received $10.4 billion in investment  FDI projects in the kingdom fell by 49 percent to 73  Amid all the doom and gloom brought on by the outbreak of coronavirus that badly hit the economies around the world, Saudi Arabia received a big boost to its economy last year...

  • UAE to allow 100% foreign ownership of companies

    The move is geared to attract more foreign direct investment to the UAE Cap on shares a company can float on one of the UAE’s stock markets increased from 30% to 70% The United Arab Emirates has amended the Commercial Companies Law allowing foreign investors and entrepreneurs to establish and...