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    Ministry signs agreement to support Oman’s honey industry

    Ministry signs agreement to support Oman’s honey industry

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    Local, Italian companies partner up to establish food retail chain in Egypt

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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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    Azerbaijan, Iraq discuss prospects of relations

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    Oman inks pack to bolster role of SMEs in food systems

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    MAFWR, Port of Duqm sign MoU

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      Egypt’s Trade minister, Hungarian ambassador discuss economic relations

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      Turkey eyes $5bn bilateral trade with Qatar

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      Deal signed to set-up first factory in Qatar to assemble electric vehicles

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      Railway line to be built between Mosul, Turkey: governor of Nineveh

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      Local, Italian companies partner up to establish food retail chain in Egypt

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      Madayn working on major Oman industrial city projects

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      Foundation stone laid for new 700-bed hospital is Salalah, Oman

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      Iraq set to award new Faw Port deals

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      Miral’s premier Abu Dhabi waterfront project work on track

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      Aecom wins Neom utilities infrastructure design contract

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        Investments in renewables in Egypt reach LE6 bn: Official

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        Egypt signs 8 gas exploration contracts worth $934mn over 15 months

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        JGC lands $3.7bn Iraq refinery upgradation project deal

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        France to help Iraq generate electricity, will invest in education, science: Macron

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        Acwa Power inks finance deals for 900MW Dubai solar park

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          Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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          UAE sends medical aid to Iraq to fight COVID-19

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          UAE launches phase III trial of inactivated Covid vaccine

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          COVID-19 vaccine could be available by autumn: Oxford University

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          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

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          Saudi to be among world’s big leisure tourism hubs by 2030

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          Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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          Ministry signs agreement to support Oman’s honey industry

          Ministry signs agreement to support Oman’s honey industry

          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Azerbaijan, Iraq discuss prospects of relations

          Azerbaijan, Iraq discuss prospects of relations

          Oman inks pack to bolster role of SMEs in food systems

          Oman inks pack to bolster role of SMEs in food systems

          MAFWR, Port of Duqm sign MoU

          MAFWR, Port of Duqm sign MoU

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Local, Italian companies partner up to establish food retail chain in Egypt

            Local, Italian companies partner up to establish food retail chain in Egypt

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            Madayn working on major Oman industrial city projects

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Miral’s premier Abu Dhabi waterfront project work on track

            Miral’s premier Abu Dhabi waterfront project work on track

            Aecom wins Neom utilities infrastructure design contract

            Aecom wins Neom utilities infrastructure design contract

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              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              France to help Iraq generate electricity, will invest in education, science: Macron

              France to help Iraq generate electricity, will invest in education, science: Macron

              Acwa Power inks finance deals for 900MW Dubai solar park

              Acwa Power inks finance deals for 900MW Dubai solar park

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                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                GSK to develop plant-based COVID-19 vaccine with Canada’s Medicago

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                UAE sends medical aid to Iraq to fight COVID-19

                UAE sends medical aid to Iraq to fight COVID-19

                UAE launches phase III trial of inactivated Covid vaccine

                UAE launches phase III trial of inactivated Covid vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              Iran 2nd Biggest FDI Destination in MENA

              Financial Tribune

              May 29, 2017
              in Finance
              0
              Having attracted some $12.2 billion worth of foreign direct investment, Iran was the second biggest FDI destination in the Middle East and North Africa region in 2016, according to the latest report released by fDi Intelligence, a division of the Financial Times Ltd.
               
              The report also shows Iran ranked sixth in the number of projects undertaken by foreign investors in the region in the year under review, as a total of 59 projects were implemented in 2016, indicating a 556% upsurge compared with the year before.
               
              Egypt, with the attraction of about $40 billion of foreign investment over the period (28% of all the FDIs made in the MENA region), was the top FDI destination.
               
              Trailing Iran (9%) were Saudi Arabia with $11.6 billion (8%), the UAE with $9.1 billion (6%), Algeria with $7.4 (5%) billion, South Africa with $7 billion (5%), Ethiopia with $6.8 billion (5%), Morocco with $6.6 billion (5%), Mozambique with $6.3 billion (4%) and Nigeria with $6.2 billion (4%).
               
              The report lists “other” countries in the region as having attracted a total of $29.6 billion, accounting for 21% of the total FDIs attracted.
               
              The UAE topped the list of countries in the MENA region in terms of the number of projects undertaken by foreign investors, which totaled 245 in 2016.
               
              Following the UAE were South Africa with 105 projects, Morocco with 80 projects and Egypt and Saudi Arabia each with 69 projects.
               
              According to the report, with $1.7 billion, Iran stood at seventh place in terms of the amount of investment made by the country overseas last year.
               
              The UAE, Saudi Arabia and Morocco with $23.1 billion, $6.1 billion and $5 billion worth of investments made outside their borders ranked first, second and third respectively.
               
              Iran invested in a total of 12 projects abroad in 2016 and ranked 10th in this respect. The UAE ranked first in this category with 177 projects.
               
              The rise in FDI in Iran owes much to the nuclear deal the country signed with world powers in 2015, known as the Joint Comprehensive Plan of Action, which saw the removal of economic sanctions against the country the following year. In exchange, Iran agreed to limit the scope of its nuclear activities.
               
              The landmark deal made it possible for Iran to be reconnected with the world economy.
               
              A report released by the Organization for Investments and Economic and Technical Assistance of Iran back in April showed Iran had approved more than $12 billion worth of foreign direct investments after the JCPOA implementation.
               
              Germany and Spain were the biggest investors in Iran over the period, with more than $3.96 billion and $3.2 billion worth of investments respectively. Other countries investing in Iran after the sanctions included Armenia, Afghanistan, the UAE, the UK, Ireland, Belarus, Turkey, Azerbaijan, China, Russia, Sri Lanka, Iraq, France, Cyprus, Kuwait, Malaysia, the Netherlands, India and Venezuela.
               
              Incidentally, the introduction of investment opportunities in Iran is among the 14 priorities First Vice President Es’haq Jahangiri recently tasked the Ministry of Economic Affairs and Finance with in the current Iranian year (March 2017-18).
               
              The sixth five-year development plan (2017-22) has envisioned an average annual economic growth of 8% in the course of the period, through the attraction of $250 billion in investment, of which $50 billion are stipulated to be financed by foreign resources.
               
              As investment, be it domestic or foreign, and gross domestic product are positively correlated and while FDI creates economic growth via know-how transfer, adoption of new technologies and a rise in exports, the Economy Ministry is now tasked with devising new policies to increase Iran’s GDP by making investment in the country more attractive.
               
              Financial Tribune
              29 May
               
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