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Gulf outflows hit $41bn
- Middle East: Thursday, September 25 - 2008 at 07:47
A new United Nations report has found that Gulf Arab states that account for some 95% of capital outflows from the West Asian region invested a record $41bn in foreign countries last year, reported Gulf News. Foreign direct investment outflows from the GCC almost doubled last year, and were six times the figure in 2004, the UN Conference on Trade and Development said in its latest World Investment Report. FDI inflows to the six-nation bloc also jumped significantly, growing 20% to $43bn over 2006.
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Jeff Florian, Senior ReporterThursday, September 25 - 2008 at 07:47 UAE local time (GMT+4)
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