MENAs FDIs down 23.4% in 2010.

By bne IntelliNews July 20, 2011
Foreign direct investments (FDIs) to the MENA region fell by 23.4% y/y to USD 64.2bn in 2010, The Daily Star reported citing data from the Arab Investment & Export Credit Guarantee Corporation (Dhaman). The main reason for the decline is the continued negative effect of the 2009 global financial crisis. The regions FDIs stood at USD 96.9bn in 2008. Saudi Arabia attracted more than a third of the FDI inflow, although the value of investments declined by 41% y/y mainly due to delayed or canceled oil projects. Qatar was the second largest recipient of FDIs, followed by Egypt and the UAE. FDIs to Qatar fell by 24% y/y, to Egypt by 5% and to the UAE by 1.4%. Lebanon, Morocco, Libya and Iraq were the only MENA countries that witnessed a rise of FDIs. The highest annual hike of 3.1% to USD 4.96bn was registered in Lebanon.

Related Articles

Bahrain Middle East Bank fully repays USD 13mn debt.

Bahrain Middle East Bank made a USD 13mn full repayment of a loan obligation including a USD 1.4mn interest payment taking total repayments by the troubled lender to USD 43mn, the bank said in ... more

National Bank of Abu Dhabi launches USD 17mn Uridashi bond, MENAs first ever.

National Bank of Abu Dhabi (NBAD), the UAE's largest lender by market value, initiated a USD 17mn fifteen-year Uridashi bond, MENA's first ever, allowing the bank to directly access Japanese ... more

GCC economies resilient to MENA turmoil but constrains persist S&P.

The GCC economies remain insulated from economic and political turbulence in the MENA region and globally but structural challenges continue to constrain sovereign ratings, ratings agency ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335