Morocco lured USD 3.5bn worth of FDI inflows in 2013, marking a robust 24% growth and ranking first in North Africa, the United Nations Conference on Trade and Development (UNCTAD) said in its latest annual report.
The UN agency, however, underscored that persistent political and social tensions continued to subdue FDI flows to North Africa in 2013. The UNCTAD was upbeat on the region’s prospects in 2014 saying that there are signs that “investors are ready to return to the region, with many big cross-border deals targeting Egypt.”
Global foreign direct investment (FDI) flows increased 11% to an estimated USD 1.46tn, a level comparable to the pre-crisis average, the UNCTAD said. FDI flows could rise further in 2014 and 2015, to USD 1.6tn and USD 1.8tn, respectively, as global economic growth gains momentum, the UN agency forecasts.
The odds on the Trump administration attempting to kill the Iran nuclear deal substantially shortened on March 13 with the firing-by-tweet of US Secretary of State Rex Tillerson and his replacement ... more
Algerian national energy company Sonatrach has struck a deal with Turkey's Ronesans and Bayegan to build a petrochemical plant worth $1bn in Turkey, Turkish President Recep Tayyip Erdogan said on ... more
Romanian civil engineering company Hidroconstructia has won a $115mn contract with Jordan’s Arab Potash Company, the world’s eighth largest potash producer. Hidroconstructia was founded in ... more