30 July, 2014 AsiaNews.it Twitter AsiaNews.it Facebook            

Help AsiaNews | About us | P.I.M.E. | | RssNewsletter | Mobile





mediazioni e arbitrati, risoluzione alternativa delle controversie e servizi di mediazione e arbitrato
e-mail this to a friend printable version


» 09/30/2005
middle east
Foreign investments grow 51 per cent in Mideast

Beirut (AsiaNews) – Foreign Direct Investment (FDI) to the Mideast rose by 51 per cent in 2004 but the surge was still far lower than the entire Asian continent, according to the 2005 Report of the United Nations Conference on Trade and Development (UNCTAD).

Investments to the region Mideast reached US$ 9.8 billion but only represented 7 per cent of Asia's total FDI.

Turkey and Saudi Arabia were by far the biggest recipients with US$ 2.7 billion and slightly less than US$ 2 billion respectively.

Syria received US$ 1.2 billion in FDI in 2004, an increase of 11.3 per cent over the previous year. By comparison, Lebanon, which receives barely more than a fifth of the amount invested in Syria, witnessed a decrease of 19.6 per cent in 2004 compared to 2003.

UNCTAD officials said that, because of high oil prices, oil producing countries in the region had excessive liquidity soaked up in mergers and acquisitions as well as real-estate projects.

Since the petroleum industry and electricity and telecommunication are the main strategic sectors in the region and are closed to foreign investors, it is "no wonder the region sill lags behind the rest of the world," said Lebanese Economy Minister Sami Haddad, who was present at the launching. "Only Egypt and Pakistan are starting to open up these sectors," he added.

With 36 per cent of all FDI going to developing countries the declining trend of the last three years was reversed in 2004, the report noted.  

Seven of the ten economies with the largest increases in FDI were developing or transition economies, while the ten largest declines were in developed countries.


e-mail this to a friend printable version

See also
09/27/2005 CHINA
Chinese mines to open to foreign investments
02/08/2007 INDIA
Bengal to uproot over 100,000 farmers to make way for industry
01/15/2010 CHINA
Foreign direct investments down, foreign exchange reserves way up
01/14/2005 CHINA
Beijing to open mobile phone sector
by Maurizio D'Orlando
01/17/2005 ASIA
Asia's growth to slip in 2005
by Maurizio d'Orlando

Editor's choices
VATICAN
"Stop! I am asking you with all my heart. Stop!" says pope as he speaks out on the Middle East, Iraq and Ukraine He mentions children, victims of war, "from whom we take away the hope for a decent life," urging the parties to address "every diatribe with the tenacity of dialogue and negotiation and the power of reconciliation". As tomorrow marks 100 years since the outbreak of the First World War, "a day of mourning," we should learn the lessons of history. The Gospel makes us know the true Jesus, the living Jesus, who speaks to the heart and is a life changer as he was for Saint Francis of Assisi. "The joy of finding the treasure of the Kingdom of God comes through, can be seen. Christians cannot hide their faith."
IRAQ - VATICAN
Saddened by "the timidity of the civilised world," Baghdad patriarch's heart bleeding "for the innocent in Iraq, Syria and Gaza" "Forget us not!" says Mar Louis Sako in a message to Card Barbarin on the occasion of the march of solidarity with Iraqi Christians, held today in Lyon.
VATICAN
Pope: I am with the persecuted Christians of Mosul and the Middle East "May the God of peace inspire in all a genuine desire for dialogue and reconciliation. Violence is never defeated with violence. Violence is defeated with peace." At the Sunday Angelus Francis comments on the parable of the wheat and the weeds. God is "patient" He knows "the same weeds in the end, may become good wheat". But "at the time of the harvest, that is, of judgment, the reapers will execute the order of the master separating the weeds to be burned".

Dossier
by Giulio Aleni / (a cura di) Gianni Criveller
pp. 176
by Lazzarotto Angelo S.
pp. 528
by Bernardo Cervellera
pp. 240
Copyright © 2003 AsiaNews C.F. 00889190153 All rights reserved. Content on this site is made available for personal, non-commercial use only. You may not reproduce, republish, sell or otherwise distribute the content or any modified or altered versions of it without the express written permission of the editor. Photos on AsiaNews.it are largely taken from the internet and thus considered to be in the public domain. Anyone contrary to their publication need only contact the editorial office which will immediately proceed to remove the photos.