28 January, 2015 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
IRAQ
The children of Mosul and the future: the "five-star" refugee camp
by Bernardo CervelleraIn the garden of the parish of Mar Elia beside the tents there are containers that serve as classrooms for the children and as a library. Another serves as a room for sewing. A children's choir. Fr. Douglas: "Taking care of refugees does not just mean thinking about eating, drinking, medicines, injections, vaccinations ... The displaced persons need to do something and to cultivate hope."
IRAQ
Way of the Cross: the refugees from Mosul beyond the emergency
by Bernardo CervelleraThere are at least half a million people who have taken refuge in Kurdistan to flee from ISIS. In the Shlama Mall at Erbil: 350 people living in the skeleton of a building under construction, with draped sheets and blankets serving as walls. The ordination of a young man, also a refugee, shows that with the flight, there is something that has not been destroyed: the faith, the traditions, the priesthood.
IRAQ - VATICAN
As 'Adopt a Christian from Mosul' continues, Mosul bishop notes that Jesus is born amid refugee containers
by Amel NonaPersecuted by the Islamic state, refugees have lost everything: belongings, home, jobs, school, and their future. Yet, their faith and mission remain strong. For them, almost 900,000 euros have been raised and sent. Pope Francis sends a message of closeness. The campaign continues according to the Patriarch of Baghdad's proposal of fasting and moderation at Christmas and New Year, with the money saved offered to the Christians of Mosul.

Dossier

by Giulio Aleni / (a cura di) Gianni Criveller
pp. 176
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.