The Briefing

Weekly business & investment updates curated for you.

Erbil Rotana

Egypt — ENI invested $3.5 - $4 billion in implementing the Zohr natural gas production processing plant at a capacity of 2.7bn cubic feet of gas per day.

India — PM Narendra Modi: Every major global agency has ranked in India the best investment destination, even as the country's economy has continued to grow well despite the global gloom. 

Indonesia — The country is considering options for setting up tax-haven jurisdictions as it tries to lure back billions of dollars through its amnesty programme to fund infrastructure projects and finance the widening budget deficit.

Iran — President Rouhani announced that up to $5 billion foreign investments entered the country since signing the nuclear deal with the western powers.

Iraq — For years, Iraq has careened from crisis to crisis. Now, some foreign companies see opportunity as the turmoil appears to be subsiding.

Mexico — FDI in Mexico was $5.40 billion in the second quarter, according to preliminary figures released by the Economy Ministry, falling slightly compared to the year-earlier quarter.

Myanmar — Foreign companies invested $380 million from April to July, the first four months of Myanmar's fiscal year, plummeting from $2.6 billion in the corresponding period last year.

Pakistan — Strong demand for cars and rising output have attracted several foreign auto makers to Pakistan. Car production and sales, which rose 19 per cent to 180,079 in the financial year 2015-16, are projected by the auto industry to grow at least 10 per cent this fiscal year, which ends on June 30, 2017.

Philippines — The Board of Investments is doubling its target investment approvals for 2016, signalling a more aggressive outlook among local investors on the country’s investment landscape compared to their foreign counterparts.

Saudi Arabia — The Arabian Gulf’s biggest stock market, will allow foreign investors to subscribe to initial public offerings in the kingdom from January.

Qatar — Total foreign investment in Qatar has amounted to an estimated $144 billion, according to the Qatar foreign investment survey 2015 released by the Ministry of Development Planning and Statistics.

Tanzania — The country’s Investment Centre is targeting to more than double for FDI inflows to $5 billion in 2020. The World Investment Report indicates that Tanzania had attracted $2.1 billion FDI inflows in 2015.

Turkey — The government is set to announce a new incentive package for both local and global investors including a tax exemption of 20 years in strategic sectors, 10-year fixed prices for electricity, purchase guarantees with loan interest paid by the state.

The Briefing

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