The Briefing

Weekly business & investment updates curated for you.

Erbil Rotana

Africa — Commitments of more than $30 billion have been made so far at the African Green Revolution Forum, to transform agriculture on the continent over the next decade.

Argentina — Germany’s Siemens has plans to create projects worth $5.6 billion in energy generation and infrastructure projects in Argentina.

Britain — Britain gave the go-ahead for a $24 billion nuclear power plant, ending weeks of uncertainty that strained ties with China and France but also signalling a more cautious approach to foreign investment in critical infrastructure projects.

Energy — Global energy investment fell 8% in 2015, reflecting low oil and gas prices, but falling costs and government policy shift spending towards clean energy, data shows.

Kazakhstan — Kazakhstan's economy ministry has based its medium-term economic outlook on a Brent crude price of $35 per barrel, implying reduced earnings from oil and gas exports and putting pressure on the tenge exchange rate.

Mozambique — Qatar Petroleum is interested in the Mozambique gas businessof Italian energy group Eni and could opt to join Exxon Mobil in buying a multibillion-dollar stake.

Nigeria — S&P Global Ratings downgraded Nigeria further into junk territory just as Africa’s most populous nation prepares to issue its first Eurobond since 2013, amid low oil prices and severe shortages of foreign-exchange.

Philippines — Total foreign investments approved by the country’s investment promotion agencies grew 11.5 percent in the second quarter of 2016.

Saudi Arabia — Saudi Arabia is weighing plans to cancel more than $20 billion of projects and slash ministry budgets by a quarter to repair finances squeezed by low oil prices.

The Briefing

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

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