The Briefing

Weekly business & investment updates curated for you.

Erbil Rotana

Africa — Japan will invest $30 billion to boost Africa’s economic growth and infrastructure over the next three years.

Brazil — Brazil's government will organize a roadshow abroad to attract investors to its power sector.

Egypt — Egypt’s parliament approved legislation to ease the process of settling tax disputes, a move aimed at luring back foreign investors who fled after the 2011 uprising.

EU — Europe needs to invest close to $800 billion in its digital infrastructure to catch up with the United States and China.

Global Islamic Economy — The halal food and lifestyle products sectors could grow at a rate of nearly 11 per cent a year until 2019, to reach a total market value of $3.7 trillion.

Indonesia — Indonesia’s property market is entering a new chapter with several policy changes under the administration of President Joko Widodo aimed at boosting the sector, including relaxed FDI rules and a tax amnesty.

Iran — Iran will invite international oil companies to submit bids in October under the long-awaited new contract model for energy investors.

Norway — The Norwegian oil and gas industry will see $50 billion less in capital investment from 2016-2020 than previously forecasted as a result of cancelled or delayed projects, according to a study by industry consulting firm Wood Mackenzie.

Oman — Kunooz Oman Holding, one of the country's major mining, quarrying, transportation and construction materials groups, plans an initial public offer of its shares in the first half of 2017.

Qatar — Empire State Realty Trust Inc. announced the Qatar Investment Authority acquired a minority stake in the commercial real-estate company for $622 million.

Saudi Arabia — Huawei has officially been licensed to carry out business in Saudi Arabia, making it the first Chinese company to obtain a 100% commercial license to invest in the kingdom and establish a center for innovation.

Turkey — The Russia-Turkey multibillion-dollar joint investment fund is likely to finance its first projects next year.

UAE — Dubai’s construction industry currently has over 3,700 projects ongoing across the emirate worth an estimated $400 billion.

The Briefing

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

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