Total foreign and domestic investments in Arab states rose slightly last year despite widespread unrest, the Kuwait-based Arab Investment and Export Credit Guarantee Corp. said on Tuesday. The investments, both private and government, increased by 1.2 percent to $496 billion in 2011 from $490 billion in the previous year, the organisation said in a report without providing details on the foreign share. Several Arab nations have been hit by unprecedented uprisings that have already toppled the leaders of Tunisia, Egypt, Libya and Yemen, while the Syrian regime is fighting a bloody battle for survival. Algeria, Qatar, Saudi Arabia and the United Arab Emirates accounted for 63 percent of the investments, or $312.5 billion, said the report which covered 21 of the 22 members of the Arab League. The report estimated total capital investments in the 21 Arab nations would reach $4.26 trillion over the next six years up until 2017, with OPEC kingpin Saudi Arabia accounting for more than $1.0 trillion. Capital investments in the Arab countries is expected to hit $559 billion in 2012 and will gradually grow to reach $779 billion in 2017, amounting to growth of about 40 percent, it said. The report based its optimistic outlook on huge investment plans already announced mainly by the energy-rich Gulf states.
GMT 17:47 2018 Monday ,15 January
‘Negative’ outlook for Gulf sovereign ratings in 2018, says Moody’sGMT 19:27 2018 Sunday ,07 January
UAE pledges to distribute 70% of VAT proceeds to help fund community projectsGMT 19:21 2018 Sunday ,07 January
Surge in foreign fund inflows sets stage for Egyptian boomGMT 19:15 2018 Sunday ,07 January
Iraq to export Kirkuk oil to Iran before January-endGMT 11:35 2018 Wednesday ,03 January
Saudi Food and Drug Authority: No VAT on human medicines, vitamins, and registered medical equipmentGMT 10:00 2018 Wednesday ,03 January
Saudi Customs launches Approved Economic Operator programGMT 07:30 2018 Wednesday ,03 January
Morocco’s 2017 Economic Growth: GDP on the Rise, Investment in DeclineGMT 18:33 2018 Monday ,01 January
No New Year cheer for UAE property market
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor