The Briefing

Weekly business & investment updates curated for you.

Erbil Rotana

Belarus — About $1 billion will be invested in the Belarusian sector of information and communication technologies (ICT) before 2020.

China — China’s travel booking giant Ctrip has announced a $463 million investment in China Eastern Airlines, a state-run airline that claims 94 million passengers.

India — Hindustan Petroleum Corp. plans to invest around $3.8 billion to ramp up its refining capacity by two-thirds this decade, as the country's oil demand soars and to meet cleaner fuel standard

Ireland — Foreign direct investment into Ireland rose by 4 per cent in 2015, a year in which the number of FDI projects into Europe fell by nearly 9 per cent. The figures show Ireland ranked 8th in Europe for FDI with 178 projects last year.

Morocco — Morocco is on track to receive more than $120 billion from the GCC over the next 10 years, particularly in the sectors of industry, tourism, agriculture and energy, according to the Federation of Chambers of the GCC.

Mozambique — S&P reduced Mozambique’s growth forecast from 6.5 percent to 5.5 percent this year due to the postponement of investments in the gas sector and the impact of drought on agricultural production.

Nigeria — The flow of investments into Nigeria declined to $11.68 billion from $51.7billion, according to Nigeria’s National Bureau of Statistics.

Oman — The government is planning to adopt a new strategy to reduce its dependence on oil income by half in a bid to balance its financial books and give the economy a shot in the arm. The five-year plan, ending 2020, has been designed to harness the full resources of the Sultanate, from farming, fishing, mining, manufacturing to tourism starting from this year.

Russia — DP World is eyeing three sites in Russia as part of a $2 billion joint venture it signed in January.

Saudi Arabia The $2 trillion project to get Saudi Arabia’s economy off oil.

The Briefing

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

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