The Briefing

Weekly business & investment updates curated for you.

Erbil Rotana

Algeria — Algeria, which currently imports some oil refined products, aims to become an exporter in the long term thanks to a planned 50 percent rise in domestic output over the next eight years.

Angola — Angola need $29 billion investment in the energy and water sector until 2025.

China — China's NDRC confirmed that the country would invest $722 billion in transport infrastructure over the next three years.

India — Eyeing an investment of $1 trillion in the energy sector, India will set up help desks across the country as well as in the US, the UK, Australia and Japan to handhold investors through laws and regulations.

Iran — Iranian miners are seeking $10 billion to develop a domestic aluminum industry that could serve to export 60 percent of production to meet growing demand for the metal used in cars to jets and beverage cans. 

Kazakhstan — Kazakhstan’s credit grade was cut one level by Fitch Ratings, which cited the effect of depressed oil prices on central Asia’s biggest energy exporter’s economy.

Kenya — African chief executive officers and public sector leaders believe Kenya offers investors the best return for their money.

Mexico — Total investment in telecommunications in Mexico grew 34.8% in 2015 to $3.67 billion.

Mongolia — Rio Tinto's long-awaited approval of a $5.3 billion extension for its giant Oyu Tolgoi copper mine is fuelling hopes of a revival at last for Mongolia. 

Mozambique — Foreign investment in Mozambique’s in gas and oil sector could reach $35 billion between 2017 and 2022 due to the country’s untapped natural resource potential.

Oman — Oman's economic growth is projected to slow further this year despite authorities taking "bold measures" to limit the impact of declining oil prices, according to the IMF.

Qatar — Qatar’s power sector will require $9 billion during 2016-20 for generating capacity and transmission and distribution (T&D).

Saudi Arabia — Saudi Arabia to announce its “Vision 2030”, a comprehensive plan roadmap expected to include various economic and social aspects.

South Africa — South Africa is budgeting $12 billion for energy investment over the next three years.

Turkey — Turkey will partner with the Islamic Development Bank to create a regional Islamic finance "megabank" as part of a government drive to become a powerhouse in Islamic finance.

The Briefing

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