The Briefing

Weekly business & investment updates curated for you.

Erbil Rotana

Argentina — Argentina’s new government is looking to the icy winds that make the vast plains of Patagonia inhospitable to entice foreign investment and re-energise a flagging economy.

Bahrain — Bahrain’s resilient growth is a direct result of determined efforts over past decades to provide an environment that is conducive to advancing the Kingdom’s sustainable development plan.

China — $1 trillion is required over the next five years to build low-carbon cities in China. Investment is needed for efficient buildings, low-carbon transportation, and clean energy technology.

Egypt — BP, Eni announced new gas discovery off Egyptian coast. Newest find confirms potential of area estimated to hold 70-80 billion cubic meters of gas, says Italian energy firm Eni.

India — Amazon chief executive Jeff Bezos has pledged an additional $3 billion in investments in India, banking on exponential growth in the online shopping sector in Asia’s third largest economy.

Kazakhstan — Strengthening political and commercial ties between Kazakhstan and China are finally materialising in the form of growing Chinese FDI, after Beijing-backed investors replaced traditional Russian and western partners as the central Asian country’s top source of FDI in 2015.

Kuwait — Kuwait’s biggest bank sees growth in the industry quickening this year as the government boosts spending to counter the effects of oil’s slump and a lack of investment during the past decade.

Kyrgyzstan — Russia’s oil giant Gazprom plans to invest $1.5 billion in Kyrgyz pipelines by 2030.

Mexico — The internet of things (IoT) market in Mexico will see investments worth $2.18 billion in 2016, up 13% on last year.

Morocco — Morocco has become the standard bearer on the global stage for the Middle East region in terms of its renewable energy capacity, thanks to the scale of its concentrated solar power (CSP) projects.

Nigeria — Nigeria expects to attract about $50 billion investments from local and foreign investors to the country’s aviation industry with her first ever international aerospace and airport show.

Oman — Oman, the largest Arab oil producer that’s not an OPEC member, raised $2.5 billion from its first international bond sale in almost two decades as it seeks to plug a budget deficit caused by crude’s decline.

Tanzania — Tanzania’s investment climate remains attractive. Investment projects registered by the Investment Centre from December 2015 to May 2016 shows an increase of 20 percent.

Turkey — Turkey will do “whatever it takes,” including specialized incentives and a 20-year tax holiday, to make it possible for strategically crucial investments to be realized in a number of sectors.

UAE — A new foreign investment law will allow full or partial ownership of foreign investments in vital economic sectors that support economic diversification, experience and knowledge transfer, and innovation.

The Briefing

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