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FINANCIAL NEWS
Gulf investors expand their projects in Asia
22 Sep 2015
(MENAFN) Amid the overall slump in global economy, and China’s in particular, Asia is still a key target of foreign direct investment (FDI) representing more than 35 percent of the world’s overall FDI inflows.
The developing Asia FDI posted a record high USD465 billion last year, which attracted a group of top gulf investors, and these high figures can safely be attributed to China’s favorable demographics and cheap labor force.
Moreover, intense measures where and still being implemented by most Asian countries to promote the transition to a free market economy let alone improving regional connectivity, all to which will indeed boost the FDI as a result.
Also, Gulf investors reinforced their economic bonds with the East recently, increasing in both oil and nonoil sectors, such as Saudi Ajlan and Brothers firm which invested in 20 factories worth USD632 million in the textile sector.
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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