Aviation — Airports are placing a higher priority on IT investments for passengerand airport security with 50% rating it a high priority, up from 37% last year. This is according to the 2016 Airport IT Trends Survey, the extensive annual study of IT trends within the global airport industry co-sponsored by SITA and Airports Council International (ACI), in association with Airline Business.
Trade — World trade will grow more slowly than expected in 2016, expanding by just 1.7%, well below the April forecast of 2.8%, according to the latest WTO estimates. The forecast for 2017 has also been revised, with trade now expected to grow between 1.8% and 3.1%, down from 3.6% previously. With expected global GDP growth of 2.2% in 2016, this year would mark the slowest pace of trade and output growth since the financial crisis of 2009.
Energy — OPEC agreed to the outline of a deal that will cut production for the first time in eight years, surprising traders who had expected a continuation of the pump-at-will policy the group adopted in 2014 at the instigation of Saudi Arabia.
Dubai, UAE — Dubai Land Department announced that about AED 57 billion in total real estate investmenthave been invested in Dubai by 26,000 investors. Gulf Cooperation Council nationals is accounted for AED 22 billion investments in Dubai property market, and half of which is shared by Emirati’s investment totalling of AED 14,523 billion transactions.
Egypt — Egypt hopes to attract $10 billion in foreign direct investment (FDI) next year and will automate the process of establishing a company, its investment chief said, highlighting efforts to revive the economy and earn much-needed hard currency.
EU — As part of a larger €7.3 billion investment package, the European Investment Bank has approved more than €1.3 billion in new loans for resource efficiency and climate-related investment.
India — The world’s largest retailer might make a big play for India’s $22-billion e-commerce market. Walmart is in preliminary talks to invest up to $1 billion in India’s largest online retailer, Flipkart, in exchange for a minority stake in the Bengaluru-based e-commerce company.
Mexico — The Mexico unit of SolarCity, the rooftop solar developer controlled by billionaire Elon Musk, aims to invest as much as $1 billionover the next five years.
Oman — Two major regulations for strengthening the industrial base -- the new foreign direct investment and the mining laws -- are expected to prop up foreign investment into the country.
Palestine — The Nablus-based Palestine Exchange began trading as a frontier market for the first time in its two-decade history.
Sharjah, UAE — ‘Invest in Sharjah’ initiative aims to showcase investment opportunities in the emirate to businessmen and investors across all sectors.
UK — The UK’s Investment Association has raised serious questions about the ability of Britain’s fund managers to continue to manage £1tn of assets on behalf of mainland European investors following June’s Brexit vote.