UN report: Foreign direct investments see major decline in Turkey, Qatar

Global mergers and acquisitions have fallen by one percent, around $371 billion. (File photo: AP)

Foreign investments in Turkey have declined by five percent, while Qatar witnessed the liquidation of one billion dollars of investments in six months, the Investment Trends Monitoring Report issued by the United Nations Trade and Development Board (UNCTAD) stated.

The report added that there was a significant decline in foreign direct investments around the world during the first half of 2018.

However, Egypt had the highest level of foreign investments in Africa, with an increase of 24 percent.

The UAE had a share of six billion US dollars out of $41 billion in deals signed in Asian countries.

UNCTAD also reported  that South Africa saw an increase of 40 percent in direct investments compared to the first half of 2017.

However, global mergers and acquisitions have fallen by one percent, to become worth around $371 billion.

The United States tax reforms caused a global foreign direct investments decline of 40 percent in the first half of 2018. According to the UNCTAD report, foreign investment deals worldwide have declined, currently being worth $471 billion compared to $794 billion in the first half of 2017.

The decline was sharp in Europe decreasing by 93 percent, followed by a 63 percent decline in Latin American countries.

The highest five countries on the charts of foreign direct investments in descending order are China, UK, US, the Netherlands, and Australia.

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Last Update: Wednesday, 20 May 2020 KSA 09:58 - GMT 06:58
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