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The Latest Breaking News from Foreign Investment

Biden tells foreign investment panel to screen deals for data, cyber risks

U.S. President Joe Biden on Thursday directed the committee that reviews foreign investment for national security risks to sharpen its focus on threats to sensitive data, cyber security and areas such as microelectronics and artificial intelligence.

Reuters

Biden order to sharpen foreign investment screening process

President Joe Biden is set to sign an executive order that aims to sharpen the national security considerations taken in the federal government’s review process for foreign investment in the United States

The Independent UK

Foreign firms inject B73.6bn

Thailand has attracted more than 73 billion baht in foreign investment during the first seven months of the year, government spokesman Anucha Burapachaisri said.

Bangkok Post

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Cuban entrepreneurs hope for room to grow as the government ponders reform

For those seeking proof that even modest foreign investment can help propel Cuba's fledgling entrepreneurs, look no further than Oscar Fernandez's Havana-based dried fruit business.

Reuters

Cuba authorises foreign investment in wholesale, retail

HAVANA - The Cuban government has announced it will allow foreign investment in domestic wholesale and retail trade for the first time in 60 years, in a move aimed at addressing critical shortages of goods.

Bangkok Post

Cuba cracks open door to foreign investment in domestic trade

Cuba plans to allow some foreign investment in local wholesale and retail trade for the first time since Fidel Castro's 1959 revolution, the government said late on Monday, in a bid to dig out of the island nation's worst economic crisis in decades.

Reuters

Saudi Arabia Develops 33 Tools to Protect National Products

Saudi Minister of Industry and Mineral Resources Bandar Al-Khorayef said that the Saudi market has contributed to building strong local industries that compete in international markets, adding that work was underway to develop 33 tools that limit unfair competition practices. Saudi Arabia joined the World Trade Organization (WTO) in 2005…

Asharq Al-Awsat

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Foreign Capital Represents 39% of Saudi Industrial Sector Investments

The Ministry of Industry and Mineral Resources said on Sunday that foreign or joint capital investments represent about 39 percent of the total investments in the industrial sector in the Kingdom. The ministry also revealed that the total number of existing and under construction factories until the end of last…

Asharq Al-Awsat

Foreign investments soar in first 6 months

Investments by overseas companies registered under the Foreign Business Act (FBA) rose by 73.5% year-on-year in the first six months of 2022, led by Japan, Singapore and the US, driven by the government's investment promotion policy.

Bangkok Post

BOI welcomes Hong Kong Economic and Trade office and Hong Kong Trade Development Council

Mr. Narit Therdsteerasukdi, Deputy Secretary General of the Thailand Board of Investment (BOI), together with Ms. Ratchanee Wattanawisitporn, Executive Director of Foreign Investment Marketing Division, welcomed Mr. Sheung-Yuen Lee, Director of Hong Kong Economic and Trade Office, and Mr. Peter Wong, Regional Director, South East Asia and South Asia, Hong…

Bangkok Post

BOI attends ‘High Level Dialogue on ASEAN Italy Economic Relations’ meeting in Malaysia

Ms. Sonklin Ploymee, Deputy Secretary General of the Thailand Board of Investment (BOI), attended the "High Level Dialogue on ASEAN Italy Economic Relations" meeting in Kuala Lumpur, Malaysia, on 6 July 2022. At the meeting, Ms. Sonklin present Thailand 4.0, Investment Promotion Policies in targeted BCG and digital industries as…

Bangkok Post

Foreign investor crackdown to deliver $455 million windfall – but not without costs

Fees paid by foreign property investors will double under a new federal government plan to help ease Australia’s housing affordability crisis.

The New Daily

Texas home buyers are competing against investors across the globe

Texas is an epicenter for foreign investment in the U.S. housing market.

Tribune News Service

Cuba to allow foreigners to invest in private businesses, will restart dollar exchanges

Facing a humanitarian crisis that threatens to set off new protests on the island, the Cuban government is taking the unprecedented step of authorizing foreign investment in its emerging private sector and will resume an official exchange market for the dollar, among 75 measures authorities said Thursday are meant to…

Miami Herald

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AAP

Hike to foreign investment fees, penalties

Federal Treasurer Jim Chalmers says the doubling of foreign investment fees will ensure Australians are not slugged with the administrative costs.

Wales Online

Where to buy a home for less than a pound - but be ready for some hard work

This unbelievable offer across Italy, where local authorities want to attract foreign investment and breathe new life into neglected regions

Asharq Al-Awsat

Saudi Businessmen to Asharq Al-Awsat: Egypt Turned Into a Hub for Regional Investment

Several Saudi businessmen said that the measures Egypt has taken to improve the investment climate and remove obstacles for investors increase the attractiveness of foreign investments. They explained that Egypt's economic revenues have been among the best in the region, making it a hub for investment. Chairman of the Board…

Asharq Al-Awsat

Dubai International Chamber Plans to Open Representative Office in Tel Aviv

The Dubai International Chamber announced plans to open a representative office in Tel Aviv, aiming to facilitate trade and investment between business communities in Dubai and Israel. The announcement came during a recently held meeting at the Chamber’s headquarters between CEO of Dubai Chambers Hamad Buamim, Israeli Minister of Economic…

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Bangkok Post

BoI, funds support key R&D projects

The government looks set to tap into the Global Partnership Fund and Competitiveness Fund as tools to draw foreign investment in high technology and targeted industries.

Bangkok Post

Group seeks foreign funding for EVs

The Thailand Automotive Institute (TAI) vows to draw more foreign investment in electric vehicles (EVs) through a plan to build a test track for battery EVs, along with its 1.7-billion-baht project on the second-phase development of an automotive test track.

The National (Scotland)

10,000 Scottish jobs created by foreign investment as country outpaces rest of UK

FOREIGN investors created around 10,000 jobs in Scotland over the past year, according to a recent survey.

Asharq Al-Awsat

Al-Falih: We Have Quadrupled Foreign Investment Flows

It might seem somewhat strange for one of the biggest electric car producers to open a factory in one of the world’s major oil-producing countries, but it actually boils down to the story of the most exciting economic transformation of the 21st century. “It is one of the most exciting…

Reuters

India puts 'new reality' on display with Davos street show

Bright colours and bold logos proudly signal where India has set up base on the main street in Davos this year, as the country trumpets its pro-business and foreign investment drive.

France 24

Davos 2022: Will war in Ukraine derail international investment?

The war in Ukraine, supply chain problems, inflation, and labour shortages have been dominating the agenda at the World Economic Forum in Davos, where business and political leaders pitch investment and global collaborations. FRANCE 24 Business Editor Kate Moody has been speaking to Martin Shanahan, CEO of IDA Ireland, about…

The Hindu

CBI books Karti Chidambaram in visa scam

He is accused of facilitating re-use of project visas for Chinese workers

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