|
|
 | Arab Spring costs region USD800b  | |
MENAFN -
- 05/10/2012
|
|
|
(MENAFN) The Union of Arab Chambers of Commerce and Industry's director, Adnan Al Qassar, stated that the Arab World has lost around USD800 billion as a result of the Arab Spring, reported Emirates 24/7.
Al Qassar said that the bulk of the amount were indirect losses, while the majority of the declines in capital flow occurred in Jordan, Egypt, Syria and the Maghreb countries.
However, he noted that flows could return to their normal levels as soon as the unrest is over, and once the Arab countries carry out reform plans, adding that in 2014, investments could reach USD23 billion.
It is worth noting that the political upheaval has also affected direct investment flow into the region as it declined to around USD8.6 billion last year from USD22.7 billion in 2010, according to Al Qassar.
|
| |
|
|
MENA News Headlines
|
 | Jun 19 2013 | World Bank warns global warming woes closing in ,AFP | |
(MENAFN - AFP) The World Bank on Wednesday warned that severe hardships from global warming could be felt within a generation, with a new study detailing devastating impacts in Africa and ... |
| | Jun 19 2013 | China firm forays into British yacht, hotel markets ,AFP | |
(MENAFN - AFP) Chinese conglomerate Wanda Group will invest nearly $1.6 billion to acquire a British yacht maker and build London's tallest residential towers, state media reported Wednesday.
The ... |
| | Jun 19 2013 | Bank of England chief out-voted in swan song meeting ,AFP | |
(MENAFN - AFP) Bank of England governor Mervyn King called for more easy-money stimulus at his final meeting in June, but was out-voted by fellow policymakers for the fifth month in a row, minutes ... |
| | Jun 19 2013 | IMF says Spanish recession 'may end soon' ,AFP | |
(MENAFN - AFP) Spain's biting recession may end soon but the outlook is tough and Madrid must do more to battle the unacceptably high unemployment rate, the IMF warned Wednesday.
Spain's economy, ... |
| | Jun 19 2013 | Leasing firm CIT orders 30 Boeing planes ,AFP | |
(MENAFN - AFP) Boeing said on Wednesday that US plane leasing firm CIT Aerospace had ordered 30 of its new, medium-haul 737 MAX aircraft in a deal worth $3 billion (2.2 billion euros) at catalogue ... |
| | Jun 19 2013 | Tobacco enriches, corrupts northern Philippines ,AFP | |
(MENAFN - AFP) Tobacco enriches and corrupts in the dry, sun-drenched northern Philippines, where family fortunes as well as political empires are built on the golden leaf.
For Eddie Habab and the ... |
| | Jun 19 2013 | Education market in GCC valued at USD60b ,MENAFN | | (MENAFN) The executive summary report by Kuwait Financial Centre (Markaz) on GCC education sector estimation shows that USD60 billion is the value of the education market in the GCC. 84% is spent by ... |
| | Jun 19 2013 | Saudi- IPOs went down 53% in H1, y/y ,MENAFN | | (MENAFN) Al-Eqtisadiah business daily said that subscriptions to initial public offerings (IPOs) in the first half of 2013 plunged 53 percent compared, year on year, thus hitting SR 1.2 billion, ... |
| | Jun 19 2013 | Saudi FDI up 9.8% in 2012, y/y ,MENAFN | | (MENAFN) Head of research at Jadwa Investment, Fahad Alturki, said that Saudi foreign direct investment (FDI) into countries in the Arab world increased 9.8 percent in 2012 compared to 2011, reported ... |
| | Jun 19 2013 | Qatar Diar, gov't in talks of acquiring 70% stake in Salam Yiti ,MENAFN | | (MENAFN) Chief Executive Officer of Qatar Diar Real Estate Investment Company (Qatar Diar) said that the company and the Qatari government are looking into acquiring a seventy percent stake in Salam ... |
|  more... |
|
|
|
|
 |
|
|
|
