The Briefing

Weekly business & investment updates curated for you.

Erbil Rotana

China’s Investment In Africa Falls 84% — Chinese investment in Africa has fallen by 84 percent in the first half of 2015 to $568 million compared to the same period last year when it invested more than $3.54 billion in Greenfield projects and other existing projects on the continent, the Financial Times reported.

Google invests in clean energy project in Africa — When the Lake Turkana Wind Farm opens in 2017 - worth nearly $1 billion and boasting 365 wind turbines that will help generate approximately 15% of Kenya’s power—it will have the financial backing of Google.

Apple To Raise China Solar Investment — Apple Inc. will build an additional 200 megawatts of solar power in China and push suppliers to make similar commitments, as the maker of the iPad and Apple Watch seeks to offset its global-warming emissions in the world’s most polluting country. “Climate change is one of the great challenges of our time, and the time for action is now,” Apple CEO Tim Cook said in Beijing.

What to watch: ICT Investments in Africa to Grow Fourfold — ICT investments in Africa, stood at 70 billion dollars in 2013, but this is set to increase to up to 300 billion dollars.

Qatar economy to grow by 5.4% in 2015 — Driven by mega infrastructure projects related to the 2022 FIFA World Cup and Qatar National Vision 2030, Qatar's economy is expected to grow "by a solid 5.4% in 2015", a Standard Chartered report has said.

Chinese Investments Set New Records in Dubai — Chinese investments in Dubai are setting new records in various fields of business. The total value of real estate investments from China reached CNY 2.07 billion during the first eight months of 2015. Chinese investors came in 6th position in term of total investment value after Indians (CNY 23.3 bn), British (CNY 12.8bn), Iranians (CNY 4.6bn), Canadians (CNY 4.4bn), and Russians (CNY 3.1bn).

Mexico to spend $46bn on wind energy in next 25 years — Mexico plans to quadruple its wind power capacity to 10GW in 2018, and to add a further 22GW of wind energy by 2040 in a $46 billion push toward a low-carbon economy.

Anadarko’s LNG plans in Mozambique — U.S. energy company Anadarko is pushing ahead with its planned $20 billion Mozambique gas export project and will make a final investment decision once the government approves its development plan.

Moody's: GCC insurance market poised for further growth — Despite being a small insurance market, the Gulf Cooperation Council (GCC) remains the fastest growing insurance region, outpacing all other markets with top line growth of close to 15% in 2014, says Moody's Investors Service in a new report.

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