United Arab Emirates

MNCs in the News-2017-07-21

In rare praise for foreign firms, Chinese President Xi Jinping lauds their contribution to China and says the Chinese government must do more to attract and retain them. The China Banking Regulatory Commission imposes strict limits on Chinese banks providing support for overseas deals by Dalian Wanda. Some feel the United States (US) Committee on Foreign Investment in the United States is becoming stricter which, in turn, may hinder Chinese investment flows in the US. Toyota continues USD $310 million UK plant expansion after receiving Brexit reassurances from British government. Japanese financial institutions move to set up subsidiary businesses in the EU as Brexit jeopardizes their financial services licenses. Hyundai to open fifth Chinese assembly plant as compact vehicle sales are expected to rise before Chinese government’s increase in purchase taxes next year. South Korea’s Nexen Tire Corp. signs memorandum of understanding with United Arab Emirates’ state-owned Mubadala Development Co. Indonesian branch of ExxonMobil drops talks on East Natuna natural gas block, with Jakarta saying it intends to invite firm to discuss project again. Economist says Malaysia to become key economic corridor because of strong economic fundamentals, strategic geographical location and Prime Minister’s diplomatic efforts. China’s restrictions on bank loans to Dalian Wanda Group diminish prospects of Bandar Malaysia project. Vietnam’s Prime Minister signs decision to boost his country’s solar power development which is spurring much foreign investor interest. At HCM City conference, Laotian provinces court investment from Vietnam.

Dr. Manochehr Dorraj's picture

China’s Expanding Investment in Renewable Energy Development in the Middle East and North Africa

China is the number one producer of and investor in renewable energy globally. Illustrating this, it has over 500 solar panel manufacturing companies, including the world’s top three solar panel producers. Its capabilities have allowed it to take a leading role in renewable energy investment in the Middle East and North Africa (MENA). The latter’s interest in renewables seems surprising given that MENA countries are primarily known for their massive oil and gas reserves and reliance on fossil fuel as a major source of domestic energy and export earnings.

MNCs in the News-2017-02-03

Facebook’s efforts in China fail to deliver an opening. Japan’s Marubeni will build and manage one of the world’s largest mega solar power plants in the world in the United Arab Emirates. Japanese, Chinese, and Korean firms win multi-billion dollar contracts to improve and expand the capacity of Iranian oil facilities. Korean firms win main Turkish bridge building contract. South Korean firm Daewoo E&C re-signs road project in Qatar that might provide a beachhead for 2022 FIFA World Cup deals.