The Briefing

Weekly business & investment updates curated for you.

Erbil Rotana

India — With climate change becoming a major global issue, the Modi government eyes $200 billion investment to quadruple its renewable power capacity to 175 gigawatts by 2022 as part of plans to supply electricity to every household.

Indonesia — Power plant projects dominated investment proposals in Indonesia with up to 37.5% of the total in 2015, taking the government one step closer to achieving its goal of rolling out 35 gigawatts in additional power-generating capacity by 2019.

Malaysia - CIMB Group expects Malaysia's real GDP growth to be slightly slower at 4.6% in 2016.

Mongolia - Anglo-Australian mining giant Rio Tinto secured $4.4 billion deal to finance a huge expansion of its Oyu Tolgoi mine. The project has total copper and gold reserves estimated at 2.5 billion tonnes, and forecast earnings of over $100 billion.

Vietnam — Samsung, Vietnam's biggest foreign investor, ups investment in southern Vietnam project to $2 billion . The company has pledged more than $12 billion of investments in Vietnam.

Russia — The country’s oil output is poised to reach a post-Soviet record of 10.86 million barrels a day in 2015 as the nation’s producers continue to withstand the slump in prices, according to Energy Ministry data.

Botswana — The government is committed to making significant investment in water and power infrastructure as the two are important economic drivers.

China in Africa — China pledged $60 billion in development assistance to Africa, promising to help nations industrialize and elevate its relationship with the continent beyond one centered on the extraction of raw materials.

Ghana — The country will require at least $23 billion to embark on climate change adaptation and mitigation to build resilience to the global environmental threat.

Ivory Coast — The country is aiming to invest $48.5 billion in the next five years as part of efforts to foster economic development and reduce poverty.

Mozambique — Moody's places Mozambique's B2 government rating on review for downgrade.

Nigeria — President Muhammad Buhari has declared that Nigeria would be increasing its investments spending to three times for the purpose of growth and in order to reduce the dependence of its economy largely on oil.

Uganda — The country will nearly double its power generation capacity over the next three years, helped by reforms that have fueled a rush of investment by independent power producers and development groups.

Iran — Iranian Ministry of Energy announced some 47,000 to 50,000 MW of electricity should be added to the country's electricity generation capacity within 10 years. The country to attract FDI, worth $28 billion , in electricity projects in the next few years.

Israel — The Bank of Israel Research Department has revised its growth forecast for 2016 downwards, from 3.3% in its previous forecast in September to 2.8%.

Kurdistan — Gazprom Neft plans first oil well prospecting in the Kurdistan Region of Iraq in 2016.

Oman — Duqm is witnessing a boom in tourism due to its varied characteristics. It is also currently the most promising region for tourism-related investments given the infrastructure and opportunities.

Qatar — The combined value of Qatari companies’ outward investments has touched an estimated $47.5 billion over the past few years. Qatari companies launched a total of 301 projects investment activities abroad during January 2003-May 2015.

Ecuador — Schlumberger has agreed to invest a combined total of $4.9 billion over the next 20 years in Ecuador.

Costa Rica — Investment Promotion Agency: A total of 39 foreign-owned companies opened 11,935 new jobs in Costa Rica in 2015. New posts created by foreign companies accounted for 17 percent of the total in the country and 22 percent of jobs created in the private sector.

The Briefing

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