The Dubai FDI growth happens on the back of a wider recovery in global FDI projects, which data showed surging 18 percent in 2021 |
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| The five-island development, formerly called Deira Islands, aligns with the UAE’s ongoing push to be a global destination of choice for residents and investors |
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| Foreign investments into Bahrain have been seeing a surge of late, with the country receiving $1.77 billion overseas investments in 2021, a jump of 73 percent from that in 2020 |
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| The 90-day renovation project included resurfacing and widening of the runway to accommodate wide-body aircrafts |
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| The country’s port sector also won laurels last year with the King Abdullah Port topping global ports at the container performance index, while the Jeddah Islamic Port got ranked eighth globally |
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The MMA promotion company, which overtook UFC to become the global leader of the sports early this month, plans to commence its efforts to woo investors with its mega national league matches scheduled for next year |
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| The UAE downgraded its diplomatic relations with Iran in 2016 |
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| The UAE-Egypt bilateral trade in value terms increased to about $1.2 billion during the first quarter of 2022, posting a marginal increase of 1.4 percent over the same year-ago period |
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| There has been a 13 percent cut in emissions, a 10 percent reduction in energy costs and a 36 percent drop in gasoline consumption, saving over AED85 million |
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Given a smooth transition to MEA energy and without political tensions specifically in countries of significant economic weight, the MEA region—tapping into its significant energy reservoir—has the capacity to assist Europe emerge from the energy and inflation crises |
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