People attend the Arab Economic Forum in Beirut, Thursday, June 19, 2014. (The Daily Star/Stringer)
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Region failing to recoup FDI after Arab Spring: expertsArab countries emerging from turmoil are stepping up efforts to draw foreign direct investments but their endeavors still fall short of the level of financing required to prop up their economies, experts argued at the Arab Economic Forum. Arab countries suffered a sharp decrease in FDI inflows following the 2008 global financial crisis, but while global FDI witnessed a partial recovery three years later, the majority of Arab states have failed as of 2014 to attain pre-crisis levels. FDI in Arab states reached around $47 billion in 2012 compared with $42.9 billion the previous year and was down from over $60 billion in 2010, according to UNCTAD. Saudi Arabia topped the list of inflows in 2012 with $12.2 billion, representing 25.8 percent of total inflows to Arab countries, followed by the UAE at $9.6 billion.
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