Ride Home With Brent Black
That's So True
Gracie Abrams
Listen to Virgin Radio
Listen Live

UAE takes second place globally in new FDI projects

Friday, 21 June 2024 06:11

By ARN News Centre

AFP

The UAE ranks second globally after the US for new Foreign Direct Investment projects in 2023 with 1,323, an increase of 33 percent compared to 2022.

The World Investment Report 2024, published today by the UN Trade and Development shows the UAE attracted US$ 30.688 billion compared to US$ 22.737 billion in 2022, a y-o-y growth of 35 percent.


The UNCTAD report showed that FDI outflows stood at US$ 22.328 billion compared to US$ 24.833 billion in 2022.

FDI outflow stock grew to US$ 262.208 billion in 2023 from US$ 239.880 billion in 2022.

The United Arab Emirates gained two places in the ranking of top destinations for greenfield projects, after entering the top five in 2022.
 

Share

More from Business News

  • Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field

    UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).

  • China to impose tariffs of 34% on all US goods

    China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.

  • Shares bruised, dollar crumbles as Trump tariffs stir recession fears

    Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession.

  • Wall Street futures sink as tariffs fuel recession fears

    US stock index futures tumbled on Thursday after President Donald Trump's sweeping tariffs on major trade partners heightened fears of an all-out trade war that could push the global economy into a recession.

On Virgin Radio today

Trending on Virgin Radio

Our Shows

Text us on WhatsApp

More from VRD

Virgin, Virgin Radio and the Virgin Signature and Virgin Radio logos are trademarks of Virgin Enterprises Limited and are used under license.
For more information on Virgin Radio International visit www.virginradio.com

© 2025 ARN and Aiir. All Rights Reserved.