Search ARN News Centre

UAE tops Arab region in attracting FDI

Friday, 10 June 2022 14:50

By ARN News Staff

File picture

The UAE has been ranked as the best country in the Arab World in terms of attracting Foreign Direct Investment (FDI) in 2021.

That's according to the United Nations Conference on Trade and Development’s 'World Investment Report'.

The UAE's FDI flows increased from AED 72.7 billion (US$19.88 billion) in 2020 to over AED 76 billion (US$20.7 billion) in 2021.

The report also showed that global flows of FDI recovered to pre-pandemic levels last year (US$1.58 trillion), recording an increase of 64 per cent compared to 2020.

Share

More from Business

  • US starts collecting Trump's new 10% tariff

    U.S. customs agents began collecting President Donald Trump's unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week.

  • Nasdaq set to confirm bear market as Trump tariffs trigger recession fears

    The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.

  • Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field

    UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).

  • China to impose tariffs of 34% on all US goods

    China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.

  • Shares bruised, dollar crumbles as Trump tariffs stir recession fears

    Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession.

Latest Local News

News

Quick Links

Get the app

  • Available on the App Store
  • Available on Google Play

© 2025 ARN and Aiir. All Rights Reserved.