The Briefing

Weekly business & investment updates curated for you.

Erbil Rotana

China — Chinese investment in Europe and the United States hit a record high in 2015. Chinese investors poured $23 billion and $15 billion into Europe and America, respectively according to a report released by Baker & McKenzie.

Egypt — A total of around 80 to 100 international companies are projected to invest approximately $5 billion in the Egyptian-Chinese industrial zone in Ain Sokhna, Egypt.

India — India announced steps to attract investment in the nation’s oil and gas industry to help meet Prime Minister Narendra Modi’s goal of cutting import dependence. The step will help boost gas output by 35 million standard cubic meters a day and unshackle projects worth $27 billion.

Iran — The Iranian government is planning to increase its investment in manufacturing to $62 billion by 2025 as it looks to diversify its economy and reduce dependence on oil.

Iraq — Iraq remains the Gulf’s third-largest project market with $358 billion in active infrastructure projects, out of which more than $90 billion are in the gas, oil, and power sectors.

Kenya — Kenya aims to start small-scale crude oil production from fields in its northwest next year and has commenced work on road and rail infrastructure that will be used to transport it.

Malaysia — Malaysia's foreign direct investment in 2015 declined 44% to $8.7 billion as sharp falls in commodity prices and the ringgit made investors cautious.

Mozambique — The value of investment projects authorised in Mozambique fell by 74.5 percent in 2015 over the previous year to $1.7 billion, according to figures from the Centre for Investment Promotion (CPI).

Qatar — Qatar's economy is slated to grow 4.3% this year, driven by substantial infrastructure investment; even as economic diversification remains "elusive" in the Gulf Cooperation Council (GCC) with much of the non-oil growth still being fuelled by oil-financed government spending, according to ICAEW.

Rwanda — With its stable political environment, improving governance and facilitation of business and strong growth, Rwanda is a rising star in Central Africa.

Sri Lanka — Standard & Poor’s cut Sri Lanka’s outlook to negative from stable citing worsening external and fiscal indicators, less than two weeks after Fitch Ratings lowered its credit ratings.

Tech — Investors poured a record $4.5 billion into financial start-ups in Asia in 2015. Total investments into peer-to-peer lenders, payment services companies and Internet insurers globally rose to $19.1 billion, 60 percent more than in 2014.

The Briefing

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