- North American Cities of the Future 2007/08
- fDi’s TOP 20 EXPAT CITIES
- Pepsi was one of the earliest multinational...
- UAE: vital statistics
- FDI increases in developing world
- fDi’s TOP 20 EXPAT CITIES /Part 2
- European Cities & Regions of the Future 2008/09
- EUROPEAN CITIES OF THE FUTURE 2006/07
- Asian Cities of the Future 2007/08
- Profile: Sultan Ahmed Bin Sulayem
Dr Saad Barrak, Zain CEO
Telecoms company Zain demonstrates widespread lack of confidence in Kuwait’s governance by decamping abroad.
Investor confidence in one of Africa’s largest capital investments to date was seriously knocked as the World Bank pulled out of a $4bn pipeline project in Chad.
UK mobile giant Vodafone stepped up its advance into Middle East and African markets with an emerging market restructuring designed to streamline costs and facilitate further expansion.
Investors are actively looking for exotic places sheltered from financial havoc and recession after the Manic Monday that saw markets plunge and banks in peril.
William Egbe, the president of the Coca-Cola’s African operation
The president of Coca-Cola’s African operations talks to Lara Williams about covering such a vast continent.
Sheikh Mohammed, the United Arab Emirates vice-president and prime minister
Its ruler is steering Dubai towards a radically different financial model that Europe and the US might do well to learn from. Stephen Timewell reports.
As FDI rises, export market share falls. As peace comes to some countries, violence intensifies in others. What is an investor to make of Africa? Michael Deibert reports.
Lack of new law and US cautiousness over security fail to stop Iraq opening for business in bid to boost production.
Pharmaceutical giant GlaxoSmithKline (GSK) is extending its portfolio in Africa in a joint venture with South African based pharmaceuticals company Aspen to boost its emerging market sales.
South African Standard Bank has opened a full-service branch in Lubumbashi in a bid to expand its presence in the heart of the Democratic Republic of Congo's (DRC) mining region.
In the wake of the Union pour la Méditerranée, the creation of the Invest in Med agency is great news. The first phase of the project (2008-09) has a limited budget of €12m but big ambitions – to “foster Euro-Mediterranean trade and investment, partnership, and contribute to a sustainable economic development of the area”.
Julian Ozanne, New Forests Company (NFC)
Growing up in Africa may have lent founder Julian Ozanne an edge when it came to understanding how local business works, but setting up a sustainable forestry company also required hard work and commitment. Lara Williams reports.
Dubai has long hosted top golf and tennis tournaments. now the development of Dubai Sports City will extend its facilities to attract most world sports, including football and athletics, writes Wendy Atkins.
Government demands billions from oil giants while borrowing from them to cover funding shortfall.
The first Palestine Investment Conference took place in May, aiming to highlight the investment potential of the politically troubled region.
Tanzania is the latest African country to suffer debilitating power outages, leaving the island of Zanzibar effectively closed for business.
Sir Digby Jones, UK Minister for Trade and Investment, said last April in Abu Dhabi that the world was undergoing a fundamental shift in power.
Hewlett Packard has recognised that Africa’s language skills and dramatic market growth make the continent a great investment target. Lara Williams reports.
There is no slowdown in sight for the United Arab Emirates’ free zone schemes. Courtney Fingar reports on their projects at home and abroad.
With political stability, natural resources and a sea gateway to the Levant, the Jordanian port city of Aqaba has nuggets of potential, but it needs foreign expertise to turn them into gold, Lara Williams reports.
- Egypt continues the process of privatising state-owned assets, with the sale by auction of its second fixed-line phone licence this year.
- From the onset of its privatisation programme at end-December 1987 until end-January 2008, Tunisia had privatised or restructured 209 enterprises with total revenue proceeds of TND5700m ($4907m).
- Egypt continues the process of privatising state-owned assets, with the sale by auction of its second fixed-line phone licence this year.
French water management company targets industrial firms and local municipalities with opening in UAE capital.
Syria’s oil and mineral resources ministry has signed an agreement with China National Petroleum Corporation (CNPC) to build a refinery in the country.
South Africa’s annual budget package addressed the fears of foreign investors in the wake of crippling power shortages and a sharp economic downturn.
Next July, France will take the rotating presidency of the EU and its president, Nicolas Sarkozy, will have the opportunity to push through his pet project: a Mediterranean Union, initiated last December in Rome by the leaders of France, Spain and Italy.
Jabulani Moleketi, deputy finance minister of South Africa
Jabulani Moleketi, deputy finance minister of South Africa, talks to Lara Williams about his budget plan for 2008, which is designed to address the recent economic downturn and the republic’s energy crisis.
Embattled by war and corruption but laden with large deposits of diamonds and copper, DR Congo is largely avoided by investors. Might that change? Michael Deibert reports.
Mozambique, whose history has been blighted by a long liberation struggle and years of civil war, is starting to reap the benefits of recent macroeconomic reforms with a new wave of projects in its virtually untouched biofuel and tourism sectors, writes Michael Deibert.
With $400bn-worth of projects announced, financial services bosses are salivating at the prospects posed by Saudi Arabia’s newly liberalised economy. Stephen Timewell reports.
Experts warn that blackouts could cripple South African economy as mining sector faces suspension and ‘crisis’.
Africa is the one regional exception to the International Monetary Fund’s (IMF) lowered forecast for global economic growth this year.
IMF economists say Africa’s continued growth, compared with sluggish growth in other continents, reflects high prices for commodities exported by African countries, improved economic polices and limited exposure to problems in international financial markets.
Professional services firm Ernst & Young has opened an office in Libya, where privatisation of government-owned enterprises is creating a better environment for private businesses.
Last year was another record year for FDI with a total of $1500bn, but it also showed, in light of Indian and sovereign funds acquisitions, that traditional patterns of FDI flow are changing. We may well be witnessing not only the end of the north-south divide, but its reversal.
Is the African renaissance for real? Or will the continent’s hopes for development again be dashed? Nigeria’s president gave his view at the World Economic Forum’s annual meeting in Davos, Switzerland.
As the turmoil stemming from Kenya’s election crisis continues, investors are playing a waiting game, reports Harrison Mitchell.
Oil wealth is changing the spending patterns of governments, state-owned entities and private companies in the Gulf region. Stephen Timewell reports.
Far from solely relying on the hydro-carbons that have made the region so wealthy, some of the most innovative low-carbon initiatives are coming out of the Middle East through such projects as Masdar, says Gordon Feller.
Middle east sees $4.8bn raised in first half of 2007, as emerging markets propel global IPO issuance levels.
Aureos West Africa Fund (AWAF) has made its first investment in Senegal with a $2.86m commitment to Compagnie Sahelienne d’Industries, which trades as Matforce, a car dealership and energy equipment provider.
India’s largest aviation services company, Livewel Aviation Services, will invest $80m in the newly launched Dubai World Central Aviation City.
Africa, backed by an average 5.4% growth over the past decade, finally achieved a “healthy and steady growth rate”, says the World Bank. The effect of China’s exponential investment, aid and trade in the past 10 years is easy to see. China is set to become the continent’s largest investor and trading partner by 2010.
Ivohasina Razafimahefa, Madagascar’s minister of economy
Ivohasina Razafimahefa, Madagascar’s minister of economy, commerce and industry, talks to Courtney Fingar about his priorities since taking up his post in October, which includes supporting small businesses.
Jacko Maree, Standard
Strong economic and trade relations between China and South Africa were among the factors influencing Chinese bank ICBC’s huge investment in Standard Bank, reports Stephen Timewell.
Paul Acquah Central Bank governor
Ghana’s $750m 10-year Eurobond issue is another first from the republic, and may herald theblooming of Africa’s capital markets. Edward Russell-Walling reports.
Qatar’s economy took longer to take off than some of its neighbours but it is now racing ahead. Christian Henderson reports on plans to safeguard this new-found prosperity.
Qatar has traditionally rebuffed foreign investment, but liberalisation measures should herald a new era of openness and boost FDI. Christian Henderson explains.
Business council is swayed by Uganda’s literacy and skill levels in choosing site for high-tech park.
The latest addition to Dubai’s diverse cluster of free zones opened for business on September 6.
Staff shortages, coupled with inadequate equipment and rising costs, are hitting the Middle East’s hydrocarbons sector at a time when many of the region’s producer countries have laid out large-scale plans to ramp up production, the Financial Times has reported.
The Economist Intelligence Unit reports a record flow of FDI in 2007, with a whopping $1.474bn set to overshadow the 2000 record prior to the dot-com collapse. The bad news is that the emerging economies will attract a only third of that ($530bn), with north Africa and the Middle East accounting for less than 10%.
With FDI inflows into Egypt rising significantly, the country’s Minister of Investment talks to Silvia Pavoni about how hearing a few home truths about his country helped bring about this improvement.
Bahrain is continuing its drive to remain at the centre of the Gulf banking industry, while exploring other avenues to maintain the pace of growth, writes Eleanor Gillespie.
Abi Woldemeskel, director-general of the Ethiopian Investment Agency (EIA)
One of the big challenges for the Ethiopian Investment Agency is changing old views of a famine-ravaged country, its director-general tells Courtney Fingar.
With regional conflict relatively absent, west Africa is enjoying an FDI renaissance, with sportswear maker Puma leading the way, writes Michael Deibert.


