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04/04/2018 06:07 AST
Foreign investment in France rose 16 per cent in 2017 to levels not seen for a decade as President Emmanuel Macron's (pictured) bid to attract money from abroad gains pace, a government report said on Tuesday.
Public agency Business France said 1,298 foreign investment projects were announced last year, allowing some 33,500 jobs to be saved or created. The figure is "the best in 10 years", the report said, up from 1,117 last year.
In a positive sign for Macron's government, which sees boosting France's attractiveness as an investment destination as a priority, 412 new companies decided to invest in France - accounting for a third of the projects.
Half of the announcements were for completely new projects while 42 per cent will expand existing ones, with takeovers account for the rest.
The report did not, however, include a count of how many foreign investors may have left France over the same period.
Investors from elsewhere in Europe were behind 58 per cent of the projects, but the report said American firms accounted for more of the jobs, retaking the top spot from Germany a year earlier.
Oman Daily Observer
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
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The announcement came after P
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The World Bank said on Friday that it has approved $700 million in financing for Pakistan under a multi-year initiative aimed at supporting the country's macroeconomic stability and service delivery.
Asharq Al Awsat
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President Donald Trump promised Americans an economic boom in an address to the nation on Wednesday, while blaming Democratic predecessor Joe Biden for high prices that have hit the Republican's popu
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A potent rebound in global M&A is on track to deliver the second-highest total deal value on record in 2025, at a projected $4.8 trillion for the year, up 36% versus 2024, according to a report by Ba
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German business sentiment fell to its lowest level in seven months in December, a survey showed Wednesday, with Europe's beleaguered top economy set to end the year on a gloomy note. The Ifo institut
AFP
Financial Information Co.
Saudi Arabia