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Saudi Arabia posted a surprise 80% year-on-year rise in foreign direct investment in October-December 2020, when the $1.9bn figure was the highest since Q4 2016, according to Saudi Central Bank data released on 28 March. The Ministry of Investment also announced in late March that it had issued 466 foreign investor licences in Q4 20, the highest figure since records began in 2005.
Issue 1123 - 08 April 2021
Finance & business
Budget talks in Baghdad are going down to the wire over the thorny issue of allocations to the Kurdistan Regional Government (KRG). The negotiations are the latest manifestation of a long-running dispute between Iraq’s centre and its periphery that has proved stubbornly immune to resolution since the late Saddam Hussein’s Baathist regime was ousted in 2003. There is added friction in the Baghdad-Erbil standoff, with Iraqi Shia parties increasingly vexed at what they view as a resurgence of Kurdish independence hopes.
Issue 1120 - 18 February 2021
Politics, Finance & business, Energy & industry