The Briefing

Weekly business & investment updates curated for you.

Erbil Rotana

Abu Dhabi — The foreign direct investment in Abu Dhabi grew by 8.9 per cent to Dh88.324 billion in 2015.

Africa — Italy's Eni plans to invest about $22.5 billion in Africa over the next fours, mostly in oil and gas.

China — China will invest approximately $1.5 billion to upgrade its Zhongguancun district, also known as the "Silicon Valley of China".

Dubai — Dubai Investments expects to add around $5.4 billion in assets over the next 3-5 years and is seeking new growth opportunities in sectors including healthcare and education.

Egypt — Saudi developer ACWA Power is planning to invest between $10-12bn in Egypt in the next five years.

Energy — Total committed and planned energy investments in the MENA region, including Iran, will reach $900 billion over the next five years.

Energy — Top executives at the world’s largest oil-trading houses said the worst of the market’s woes are probably over, with some predicting prices will climb to $50 a barrel by next year.

India — India declares plans to fortify their position in the global maritime sector with their $15bn port development plan at the Maritime India Summit.

KSA & Egypt — Egyptian President Abdel Fattah al-Sisi and Saudi King Salman agreed to set up a $16-billion investment fund and settled a long-standing maritime dispute as the monarch continued his rare visit to the country.

Malaysia — Malaysia's economy is expected to expand at a slower pace of 4% to 4.5% this year from the 5% a year, according to Moody's.

Mozambique — Mozambique’s economy is expected to grow by just 4.8 percent this year due to the slowdown in public spending and investment and the impact of adverse weather on agricultural production.

The Briefing

Weekly curated news, tips & opportunities for the global business community

Thanks! You are signed up to our briefing updates.