ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, has announced that the average value of foreign direct investment (FDI) received by the country in 2016 reached $9 billion. The UAE’s outgoing international investments also reached $15.7 billion, making the country the largest receiver of FDIs in the Arab region and the largest Arab investor abroad, he ...

DUBAI / WAM Umm Al Qaiwain Coop has offered 2.5 million stocks for public trade, to increase investment in its retail sector. An integral part of Union Coop and the UAE’s largest consumer cooperative, Umm Al Qaiwain Coop will launch an Initial Public Offering from January 21 onwards until February 8. The public will be able to purchase these stocks ...

DUBAI / WAM A new report from Middle East Electricity (MEE) states the GCC requires a combined $131 billion worth of investment in electricity generation, transmission and distribution over the next five years to cope with increasing demand from growing populations, expanding economies and climatic changes. The report, ‘GCC Power Market’, reveals that despite the GCC’s current power-generating capacity of ...