The Briefing

Weekly business & investment updates curated for you.

Erbil Rotana

Abu Dhabi — The value of institutional and foreign investment in Abu Dhabi Securities Exchange reached Dh7 billion during the first half of 2016. The market value of the companies’ shares that are traded reached Dh450 billion by the end of July 2016, whereas the net profits made by the companies exceeded Dh17 billion in the first half of the same year.

Cambodia — Despite expressing some unhappy feelings about their business operations in Cambodia, Japan has injected more investments to this small Southeast Asian nation in recent years.

China — Chinese invested $16.1 billion in overseas real estate in the first half of the year, more than double the amount in the same period last year.

Egypt — Egypt's oil ministry is currently executing 13 projects to develop natural gas fields with investments estimated at $33 billion. By those projects, state's natural gas production is expected to hike gradually to around 5.5-6 billion cubic feet and 28,500 barrels of condensates per day.

Jordan — Jordan and Saudi Arabia signed a memorandum of understanding aimed at boosting joint investments in Jordan.

Mexico — Foreign investment during the first six months of the year was $14.3 billion, up 4.6% over the same period in 2015. The figure is in line with the government’s objective of $30 billion annually.

Oman — An agreement between Oman’s government and Chinese investors to develop a new $10.7 billion industrial city near the port of Duqm will help Oman’s flagging construction sector.

Pakistan — Foreign direct investment inflows into Pakistan are rising rapidly, as Chinese share goes up and the UAE looks increasingly prominent.

Qatar — The country’s investment authority bought a near 10 per cent interest in Empire State Realty Trust, owner of New York’s Empire State Building, as it boosts investments in North America and the Asia Pacific region.

Thailand — The Board of Investment has raised its target for investment pledges this year to 550 billion baht, hoping that sentiment improved after Thais voted to accept a new military-backed constitution that paves the way for an election in 2017.

Turkey — The government plans to establish a new incentive system to attract foreign investment to Turkey. With the new system, a project-based support mechanism will be created.

The Briefing

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