The Briefing

Weekly business & investment updates curated for you.

Erbil Rotana

China — China will plough £292 billion into renewable power generation by 2020, the country’s energy agency has said, as the world’s largest energy market continues to shift away from dirty coal power towards cleaner fuels. The investment will create more than 13 million jobs in the sector, the National Energy Administration said in a blueprint document that lays out its plan to develop the nation’s energy sector during the five-year 2016 to 2020 period.

Egypt — The Egyptian cabinet approved the country's first bankruptcy law, part of an economic reform drive aimed at encouraging investment.

India — Foreign direct investment grew 27% in the first seven months of the fiscal to $27.82 billion, from $21.87 billion a year ago. Manufacturing accounted for 41.5% of the total equity inflows into the country during April-October, according to the Department of Industrial Policy and Promotion.

Iran — Iran has published a list of 29 major companies from Europe and Asia approved to bid for oil and gas projects after the lifting of sanctions over its nuclear programme.

Nigeria — Nigeria may be on the path to becoming self-sufficient in the production of petroleum products, as the Federal Government expects to increase the country’s refining capacity from 445,000 barrels per day to 2.62 million barrels per day.

Qatar — Qatar's near-term economic growth is expected to peak to 3.4% in 2017, after which it will normalise and more needs to be done to strengthen especially the services sector to ensure sustainable future growth and accelerated diversification, according to Kamco.

Sri Lanka — Sri Lanka will aim to attract $50 billion of mostly foreign investment in the next five to 10 years to help develop its infrastructure.

The Briefing

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

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