Inflow of foreign direct investment (FDI) into Bahrain soared to $891 million last year, 14 per cent higher than $781m in 2011, Bahrain Chamber of Commerce and Industry (BCCI) president Dr Essam Fakhro said yesterday.
Dr Fakhro sa
Foreign direct investment (FDI) in the GCC in 2012 increased slightly over the previous year to reach $26.4 billion.
This brings to an end three consecutive years of declining FDI flows to the region since the pre-financial crisis
Foreign direct investment in Tunisia fell by 1.3 percent in the first half of 2013, official data showed on Saturday, a likely reflection of political strife in the north African state.
Foreign investments fell
Foreign direct investment (FDI) to GCC countries remained steady in 2012 at $26 billion despite a strong decline registered in Saudi Arabia, because of significant FDI growth in all other countries in the group, a report said.
Sri Lanka will allow foreigners full ownership of businesses if they invest more than $10 million, a minister said, and the measure will likely be introduced within two months.
The proposed change comes as the $59 billion economy
Saudi Arabia’s GDP is likely to grow three per cent in real terms driven by a vigorous non-oil sector which will compensate for the decline in oil output in 2013, a report said.
Growth in the non-oil sector will remain above
Bahrain's economy is in good health with growth expected to exceed 5 per cent this year, said a top government official.
Growth is estimated to have reached 3.9 per cent last year, added Economic Development Board (EDB) acting
Abu Dhabi will host next month a leading global Moroccan real estate and lifestyle event, making its first appearance in the Middle East having already established a strong presence in Europe for the last 16 years.
SMAP Expo Abu D