Foreign direct investment is halving globally due to the repercussions of the epidemic

[Mary B]

Foreign direct investment is halving globally due to the repercussions of the epidemic

 

 27 October 2020 02:11 PM

Mubasher : Foreign direct investment flows in the world decreased by about 49 percent during the first half of this year due to the repercussions of the Corona virus.

The Organization for Economic Cooperation and Development revealed in a report issued today, Tuesday, that direct investment flows in the world decreased to 399 billion dollars in the first 6 months of this year, compared to 777 billion dollars during the same period last year.

In the wake of the epidemic, closures around the world have slowed down existing investment projects, and the prospect of a deep recession has also contributed to multinational companies reassessing new projects, the report said.

James Zahn, Director of Investment and Projects at UNCTAD, said: “The drop in foreign direct investment was more severe than we expected, especially in advanced economies, while developing economies withstood the storm relatively better in the first half of the year, but no The global outlook remains highly uncertain. "

(Foreign direct flows into the world during the first half of 2020)

According to the report, advanced economies experienced the largest decline, with foreign direct investment reaching $ 98 billion in the first six months of the year, a 75 percent decrease compared to the same period in 2019.

FDI flows to North America decreased by 56 percent to $ 68 billion.

Meanwhile, the 16 percent decrease in FDI flows to developing economies was less than expected, due to the flexibility of investment in China.

In the first 6 months of the year, developing countries in Asia accounted for more than half of global foreign direct investment.

https://www.mubasher.info/news/3712988/الاستثمار-الأجنبي-المباشر-يتراجع-للنصف-عالميا-بفعل-تداعيات-الوباء/

[Mary B]

The stability of the US dollar globally before economic data

 

 27 October 2020 1:09 PM

Mubasher : The US dollar stabilized against the major currencies during trading today, Tuesday, with economic data awaiting.

The performance of the US currency came with the increase in Corona injuries in the United States and Europe, in addition to hopes of reaching a stimulus package before the presidential elections.

Investors were awaiting the release of US durable goods orders and consumer confidence data later in the day.

By 9:55 AM GMT, the dollar rose about 0.09 percent against the euro to $ 1.1820, while it fell against the Japanese yen by 0.07 percent to 104.77 yen.

The US currency also marginally rose against its British counterpart by 0.06 percent to $ 1.3016, but it declined by a similar rate against the Swiss franc to 0.9072 francs.

During the same period, the main dollar index, which measures the performance of the currency against 6 major currencies, settled at 93.07.

https://www.mubasher.info/news/3712913/استقرار-الدولار-الأمريكي-عالميا-قبل-بيانات-اقتصادية/

[Mary B]

United Nations: Global foreign direct investment has halved

12:59 - 10/27/2020

 

  

The information / Baghdad .. The
United Nations reported today that global foreign direct investment fell 49% in the first half of 2020, compared to the same period a year ago, and is heading towards a decline of up to 40% per year.
The United Nations Conference on Trade and Development (UNCTAD) said, in a report, that foreign direct investment flows to European economies have turned negative for the first time ever, dropping to minus seven billion dollars from 202 billion dollars, while flows to the United States decreased 61 percent to 51 percent. Billion dollar.
He added that global foreign direct investment fell as multinational companies postponed investments to preserve liquidity.
"Global foreign direct investment flows decreased in the first half of this year by nearly half ... The matter is more severe than we expected for the year as a whole," said UNCTAD Director of the Investment and Projects Sector, James Zhan, at a press conference.
Zan added that flows are expected to decrease by between 30% and 40% this year and in a "moderate" manner in 2021, between 5 and 10%.
The figures cover cross-border mergers and acquisitions, whole new investment projects and project financing deals.
The report said that industrialized countries, which usually account for about 80% of global transactions, have been hit hard, with flows falling to $ 98 billion, a level not recorded since 1994.
Among the main recipients of foreign direct investment in 2019, flows fell sharply. In Italy, the United States, Brazil, and Australia. 25 ended

https://www.almaalomah.com/2020/10/27/502050/

[Mary B]

The Yellow Economy ... the renewable energy revolution in the Arab region

 

Economic researcher Ali Abdul Kadhim Daadoush

Articles

Ali Abdul-Kazem Daadoush *

Energy is an essential component of the universe and is a form of existence in it, and is usually derived from renewable natural primary sources such as solar energy, wind energy, hydropower, biological and other depleted sources which are called fossil fuels such as coal, oil and gas. And special tools to extract it and convert it into energy usable for human use, such as electricity, motor fuels, heating , etc. Renewable energy sources in generating electricity extracted from solar energy, which is one of the most important secondary energies used in the world, and is the main tributary to the process of sustainable development and economic development through its use in all joints of the modern economy, especially in activities (production, transmission and distribution). Similar to the greening of the economy and trends towards environmentally friendly sustainable development, the designation of the yellow economy comes as an expression of solar energy, which is one of the most prominent sources of renewable energies in the world, especially in the Arab world, and therefore the yellow economy can be defined as (the economy that studies solar energy and how to use it To achieve sustainable development) as it is the main source of most energy sources, as it is a free and unlimited source of energy, in addition to being safe source energy and can be accessed to remote areas that no other energy source can reach. The production of solar electric energy has reached According to the (International Energy Agency) for the year 1992 by (42) megawatts in the United States, in Japan (19) megawatts, Italy (8) megawatts, and Australia and Germany by (7) megawatts and (6) megawatts, respectively, and they increased in 2002 to About (627) megawatts in Japan, but in GermanyThe production of electric power expanded in a way that exceeded all countries, as the annual increase was about (52%) in the period (1998-2002), while in Iraq, the use of solar energy increased to (215.5) MW in 2019 after it was about (29.5) in In 2013, which is a very low percentage compared to neighboring countries such as Saudi Arabia, Jordan and the UAE, and in 2018 the global production of solar electric energy reached (480) thousand megawatts, and Table (1) shows the largest countries producing solar energy in generating electricity in 2018, as follows:5) In 2013, which is a very low percentage compared to neighboring countries such as Saudi Arabia, Jordan and the UAE, and in 2018 the global production of solar electric energy reached (480) thousand megawatts, and Table (1) shows the largest countries producing solar energy in generating electricity in 2018, As follows :5) In 2013, which is a very low percentage compared to neighboring countries such as Saudi Arabia, Jordan and the UAE, and in 2018 the global production of solar electric energy reached (480) thousand megawatts, and Table (1) shows the largest countries producing solar energy in generating electricity in 2018, As follows : Table (1) Solar energy production in the world for the year 2018 T Country Output (Thousand MW) Percentage of production to global production% 1 China 175.015 36.4 2 Japan 55.500 11.5 3 United State 49.692 10.3 4 Germany 45.930 9.5 5 India 26.869 5.6                    Source:   www.irena.org/solar Since world leaders - producers and energy consumers - are looking to renewable energy sources as a way to confront the growing and multidimensional threat of climate change as well as fluctuations in global oil prices, oil-rich Arab countries such as Saudi Arabia and the UAE are embracing the development of renewable energy sources at an accelerated pace than ever before. Other rentier oil states, such as Iraq, which neglected the use of renewable energy despite the availability of great potentials to exploit it. As for the non-oil Arab countries such as Morocco, Jordan, Tunisia, and others, they outperformed the oil-producing countries in exploiting renewable energy sources, which received wide international support in this field, and thus they heavily supported their investments towards global efforts that support the energy transition . The Director General of the International Renewable Energy Agency, Francesco La Cam, stated at the International Energy Forum  that took place in Saudi Arabia in 2019, "It is entirely possible to  generate sufficient cheap and environmentally friendly energy from renewable sources. This is not only possible, but it is also our best option, because it will bring benefits Social and economic is higher than business as usual, and it will allow us to effectively address climate change. " Returning to the Arab region, renewable energy sources work to enhance energy security and support economic diversification while providing countries rich in renewable energy resources an opportunity to explore their full economic potential - that is, to the concerned Arab countries - as well as providing a second opportunity to lead renewable energy in our time. Cost-cutting processes in obtaining renewable energy in some countries of the world, which are witnessed by renewable energy sources, have led most of the Arab countries producing fossil fuels to respond to the transformation towards renewable energy despite their possession of huge reserves of traditional energy sources represented in oil and natural gas. Renewable energy, such as solar heat, about (16) hours a day helped a lot in the response of a number of Arab countries to their trend towards the exploitation of renewable energy. And that the goals of the yellow economy are somewhat similar to the goals of the rest of the renewable energy sources in terms of achieving sustainable development and using electricity in the fields of manufacturing and the rest of the other economic sectors. Consumed it: - 1- doubling agricultural production: It is clear from plant physiology that "solar energy" is the main determinant of agricultural production, and thus crops can be intensified and loaded onto each other, allowing each crop to obtain its right from solar energy represented in the number of light hours needed by each crop. Consequently, it opens the way for conducting the necessary research for the condensation and loading of multiple types of crops to achieve the maximum benefit from solar energy. 2- Achieving a balance between present and future generations: The yellow economy "solar energy" is the ideal way to generate clean energy worldwide, as it is possible to achieve equality between the current and future generations. The use of solar energy today will not reduce the share of future generations. Rather, relying on solar energy will make the future of future generations more. Safely. 3- Renewable energy is the most practical and readily available climate solution: According to the analysis of the International Renewable Energy Agency ( IRENA ), the rapid expansion of renewable energy in the oil-producing Arab countries could reduce carbon dioxide emissions to about 136 million tons while urging countries to intensify their approaches in the field of renewable energy to keep the world much less than Two degrees Celsius from high temperatures In this regard, we find that the UAE has more than doubled its current investments  , as it committed to 50% of clean energy by 2050 at the United Nations Climate Action Summit in New York, which led to more CO 2 reductions. Than expected. 4- Renewable energy is the most competitive form of power generation in the region: The feasibility study for renewable energy sources is a central catalyst factor in the transformation of the Arab region towards renewable energy sources, as renewable energy today is the most cost-competitive source for generating electrical energy, replacing traditional energy sources as an answer to the rapidly increasing domestic demand for energy in the Arab region. The recent period in the UAE witnessed receiving (900) megawatts from the Mohammed bin Rashid Al Maktoum Solar Energy Complex, and this complex is one of the lowest offers for a solar photovoltaic project in the world at a price of 1.7 cents per kilowatt hour (kwh). 5- renewable energy creates jobs: Policy goals and long-term visions in the Arab region until 2030, including private institutions, education, training and investment in local skills and human resources, can facilitate an increase in the number of jobs in the renewable energy sector. ( IRENA ) data indicate  that renewable energy can To create more than (207,000) jobs in the region by the year 2030, with reliance on solar energy technologies that reach about (89%) from various renewable energy sources enjoyed by the Arab region, and the spread of solar cells on rooftops alone can lead to employment (23,000) people by 2030 in the Arab region. 6- The Arab region has great potential for renewable energy: The analysis of the International Renewable Energy Agency showed the suitability of solar photovoltaic energy technology in the Arab countries, especially in the Arabian Gulf, about important potentials for the expansion of this energy, as Oman, the Kingdom of Saudi Arabia, the United Arab Emirates and Iraq are at the forefront, as well as other countries have good wind resources. Technologies such as biomass and geothermal energy have additional potentials but remain unexplored for now, based on the goals of the New York Conference in 2018, which if achieved could lead to the addition of 72 gigawatts of renewable energy by 2030.   7- Renewable energy sources provide water: Water scarcity is an acute challenge in the Arab region, as four of the countries are ranked among the six Gulf Cooperation Council (10) countries that face a water challenge on earth, and according to the World Resources Institute  , the demand for water from the Arab Gulf region is expected to increase fivefold. By the year 2050, if the GCC countries were to achieve their renewable energy goals, this would lead to an estimated total decrease of (17%) and (12%) in water withdrawal and consumption, respectively. In light of the foregoing, Iraq has all the ingredients for the success of the transition to renewable energy, especially solar energy, as Iraq has two large rivers (the Tigris and Euphrates), and it is located within the range of countries that enjoy relatively long sunny days in the summer of about (14) An hour a day, meaning that Iraq enjoys more than ( 3000 ) hours of bright sunlight annually, and an average solar radiation of about ( 5 ) kilowatt / square meter / day . Therefore, the concerned authorities, such as the Ministry of Planning and Electricity, work on moving towards the yellow economy and adopting it and placing it as one of the strategic goals within the Iraq Vision 2030 strategy that is updated to keep pace with new changes and to ensure the consistency of the Iraq vision with the previously announced UN goals, as the seventh goal of the 2030 UN goals represented In (Clean and Affordable Energy) applies to the yellow economy based on clean solar energy that can be provided at a reasonable price, especially if there is coordination between members of society and the rest of the electricity sector in providing and installing solar cells on the roofs of homes and buildings in a way that contributes to rationalizing the use of electricity on the part of Community members, and the rationalization of expenditures allocated to importing electricity or the expenses of maintaining and equipping gas or steam stations and others that are used to provide electricity throughout Iraq in the medium and long term, and the use of solar energy will provide a safe environment.Free from pollution and makes the economic development process sustainable and reduces the burden and effort on the national energy system, as well as getting rid of the waste of economic resources, unplanned spending and corruption in the electricity sector by contacting specialized international companies and conducting the direct investment process according to one of the BOT contracts , meaning that The company builds, owns and operates the project and is committed to transferring its ownership back to the government , or initiating an agreement with a group of developed country companies in the process of continuously supplying electric power, such as the German company ( Siemens ) or the American company Duke Energy USA ) . * Researcher and economic writer

Number of observations 66   Date of addendum 10/27/2020 https://economy-news.net/content.php?id=22416

[Mary B]

An increase in oil prices on the world markets

Digital Media NRT

Oil prices rose on  Tuesday, in conjunction with the increase in supplies, after recent severe losses due to the increase in Covid-19 cases .

Global Brent crude oil price rose this morning, October 27, 2020, by 1% to $ 40.88 a barrel, while US West Texas crude oil rose by 1% as well, to $ 38.93 a barrel.

Prices received some support following expectations of a possible decrease in US production, as oil companies began to close offshore platforms as a hurricane approached the Gulf of Mexico, while a commodity analyst at Bank of Australia said, “We believe that demand from now on will really suffer to grow. . The COVID-19 restrictions are all part of that . "

A new wave of Coronavirus infections has swept across the United States, Russia, France and many other countries, undermining global economic expectations, with record numbers of new cases forcing some countries to impose new restrictions as winter approaches .

https://www.nrttv.com/Ar/News.aspx?id=34136&MapID=5