据阿尔及利亚360°新闻网站9月28日报道，阿尔及利亚央行公布的2020-2024年阿外国直 接投资数据显示，2024年阿外国直接投资流量回升。 2023至2024年阿外国直接投资持续回升表明，政府旨在改善营商环境、简化行政程 序、鼓励非油气领域投资的政策取得了成效。未来阿政府仍将加快结构性改革步伐， 继续推进实施经济多元化政策。 2020年阿外国直接投资流量为11.25亿美元。因疫情影响，2021年降至9.20亿美元。2022 年尽管阿经常项目盈余有所改善，但外国直接投资流量进一步降至1.71亿美元。随着投 资环境改善，2023年显著回升至10.49亿美元。2024年该数据稳定在11.81亿美元，展现 了阿经济复苏势头。 （原标题：阿尔及利亚360°新闻网站编译版：阿尔及利亚外国直接投资流量回升） ...

在全球产业格局加速演变的背景下，中企出海、跨境投资与技术协同正成为推动企业创新与国际合作的重要动力。而作为亚非交汇的重要枢纽，埃及凭借优 越的区位条件、不断完善的产业基础和开放的市场环境，正日益吸引包括中国资金在内的全球投资。 "埃及外国直接投资（FDI）流入量达到461亿美元，全球排名从2023年的第32位跃升至2024年的第9位。2024年，埃及还连续第三年成为非洲第一个FDI目的 地。埃及也是2024年非洲FDI增长的主要驱动力，占该地区FDI总额的近49%，占全球FDI流量的比例也从2023年的4%上升到6%。"埃及外国投资吸引中央管 理局（Central Administration for Attracting Foreign Investment）局长艾哈迈德·祖海尔（Ahmed Zoheir）29日在复旦大学管理学院举办的第二届中埃投资与创 新论坛上如此介绍。 他告诉第一财经记者，埃及在吸引包括中国资金、企业在内的海外投资方面，存在多个竞争优势，包括战略地理位置、靠近离岸中心、年轻熟练的劳动力、 世界级的基础设施、多元化的经济、多样化的贸易协定自由贸易协定、庞大的消费市场以及公用事业成本优势。 ...

2025年9月26日 [Table_Title] 宏观研究报告 周 浩 黄凯鸿 +852 2509 7582 +852 2509 7214 hao.zhou@gtjas.com.hk kaihong.huang@gtjas.com.hk [Table_Summary] 越南 8 月经济："对等关税"后进出口放缓 -3,000 -2,000 -1,000 0 1,000 2,000 3,000 4,000 5,000 -40 -20 0 20 40 60 80 2021-08 2021-11 2022-02 2022-05 2022-08 2022-11 2023-02 2023-05 2023-08 2023-11 2024-02 2024-05 2024-08 2024-11 2025-02 2025-05 2025-08 贸易余额（右轴） 出口同比增速 进口同比增速 （%） （百万美元） 资料来源： Bloomberg ，国泰君安国际。 请务必阅读正文之后的免责条款部分 Page 1 of 6 证 券 研 究 报 告 宏 观 越南进出口放缓，贸易顺差加大 越南 8 月工业总产量同比增长 8.9%，高于 7 ...

格鲁吉亚Georgiatoday网站9月10日消息报道，格国家统计局数据显示，今年上 半年外国对格能源领域直接投资1.26亿美元，同比增长34.7%。能源已成为格吸引 外国直接投资的第二大行业，仅次于金融和保险业，凸显了能源在格经济中日益增 强的作用。 报告期内，捷克是格能源领域最大投资国，规模达7570万美元，其次是荷兰— 920万美元和土耳其—310万美元。 （原标题：今年上半年外国对格能源领域投资有所增加） ...

（原标题：今年第二季度，安哥拉非石油领域吸引外国直接投资大幅增加） 据安哥拉央行公布数据，今年第二季度，安哥拉吸引外国直接投资15.17亿美 元，同比减少40%，其中，石油领域吸引投资14.18亿美元，同比下降42.9%，非石 油领域吸引投资9860万美元，同比增长120%。 今年上半年，安哥拉吸引外国直接投资总金额约42.5亿美元，其中92%集中在 石油领域，这一比例较去年同期减少了4个百分点。 ...

（原标题：一季度哈吸引外国直接投资66亿美元） 哈通社9月4日报道，哈萨克斯坦副总理兼国民经济部部长茹曼加林代表政府在 第八届阿斯塔纳金融日论坛开幕式上发表讲话。茹表示，阿斯塔纳金融日论坛 已成为地区领先的对话与合作平台，汇聚了来自70多个国家的投资者、企业和 政府机构代表。哈萨克斯坦的经济指标印证了该论坛的重要性。2025年1至7 月，哈国内生产总值增长6.3%，其中实体经济增长8.3%，服务业增长5.2%。 一季度外国直接投资流入额66亿美元，同比增长6.2%，固定资产投资额9.9万 亿坚戈（约185亿美元），同比增长16.1%。 ...

Core Insights - The Central Bank of Bosnia and Herzegovina released the 2024 Foreign Direct Investment (FDI) survey report, indicating a decrease in FDI inflow to 1.76 billion marks, down by 301 million marks compared to 2023 [1] Investment Sources - The largest FDI inflow in 2024 comes from Croatia at 391.1 million marks, followed by Germany at 255.3 million marks and Slovenia at 247.1 million marks [1] Investment Sectors - The financial services sector attracted the highest investment totaling 503.8 million marks, followed by retail trade at 219.8 million marks and wholesale trade at 205.1 million marks [1] Total FDI Stock - By the end of 2024, the total FDI stock in Bosnia and Herzegovina is projected to be 21.22 billion marks, which includes both the 2024 FDI and previous investments along with the operational results of foreign enterprises [1] FDI Stock by Source - The largest share of FDI stock comes from Croatia at 3.22 billion marks (15.2% of total stock), followed by Austria at 2.9 billion marks (13.7%) and Serbia at 2.8 billion marks (13.3%) [1] FDI Stock by Sector - The financial services sector also holds the largest FDI stock at 4.27 billion marks, followed by telecommunications at 2.02 billion marks and wholesale trade at 2.01 billion marks [1]

Core Insights - Mexico attracted $34.265 billion in foreign direct investment in Q2 2025, marking a 10.2% increase year-on-year and achieving a historical high for the fifth consecutive year [1] - New investments reached $3.149 billion, the highest level in nearly 12 quarters, with a significant year-on-year growth of 246% compared to Q2 2024 [1] - The structure of foreign investment shows that reinvested profits accounted for 84.4% of the total, while new investments made up 9.2% and inter-company accounts represented 6.4% [1] Investment Sources - The United States remains the largest source of investment in Mexico, accounting for 42.9% of total foreign investment, followed by Spain and Canada [1] - The top five investing countries collectively represent 73.3% of total foreign investment, with Spain's investment increasing significantly to $5.943 billion and U.S. investment rising by $986 million year-on-year [1] Regional Distribution - 79.2% of foreign investment is concentrated in five states, with Mexico City being the primary destination, attracting $19.312 billion, which is 56.4% of the total and a 36.2% increase year-on-year [2] - Nuevo León and Estado de México also saw increases in investment, reaching $3.032 billion and $2.249 billion, respectively, while Baja California experienced a decline of 12.8% [2] Sector Analysis - The manufacturing sector continues to be the main area for foreign investment, accounting for 36.0%, followed by financial services at 26.7%, and construction and mining at 7.6% and 7.2%, respectively [2]

Core Insights - Egypt's textile exports increased by 7% year-on-year in the first half of the year, reaching $577 million [1] - Turkey is the largest importer of Egyptian textiles, with imports totaling $236 million, followed by Algeria at $64 million [1] - The Egyptian Textile Export Council aims to raise export value to $1.5 billion by 2026, supported by increased production and foreign direct investment [1] - Foreign direct investment of $350 million to $450 million is expected in the second half of 2025, which will enhance the industry's capacity and competitiveness in the global market [1]

Core Viewpoint - The company is expected to report strong growth in EBITDA and total gaming revenue for 1H25, driven by an increase in visitor numbers and foreign direct investment [1][2]. Group 1: Financial Performance - The company anticipates a 240% year-on-year increase in EBITDA for 1H25, reaching $188 million, with a 28% quarter-on-quarter growth [1]. - Total gaming revenue is projected to grow by 20% year-on-year and 31% quarter-on-quarter in 1H25 [1]. - EBITDA forecasts for 2025 and 2026 have been raised by 16% to $382 million and $455 million, respectively [2]. Group 2: Visitor Trends and Investment - The number of Chinese visitors to Cambodia increased by 51% year-on-year and 28% quarter-on-quarter in 1H25, with business travelers up by 46% year-on-year and 31% quarter-on-quarter [1]. - Cambodia attracted $6.9 billion in foreign direct investment in 2024, a 40% increase from the previous year, with over 50% of this investment coming from China [1]. Group 3: Operational Developments - The number of direct flights from China to Cambodia has increased to 170 per week, a 55% rise compared to the previous year [2]. - The company is expected to resume cash dividend payments in 1H25 after achieving a net cash position post-debt repayment [2]. Group 4: Valuation and Market Position - The company is currently trading at 6 times the 2025 EV/EBITDA, with a target price raised by 32% to HKD 5.80, indicating a 33% upside potential from the current stock price [2].