The Briefing

Weekly business & investment updates curated for you.

Erbil Rotana

Argentina — Argentina's government expects foreign direct investment to double in 2017 from 2016, Treasury Minister Nicolas Dujovne announced, citing inflows from public auctions for renewable and non-renewable energy projects.

Brazil — President Michel Temer will propose legislation to lift restrictions on foreign ownership of airlines and agricultural landin Brazil as he strives to pull the economy out of a two-year recession. Temer plans to send Congress a bill allowing 100 percent foreign ownership of airlines, though investors will be obliged to help expand regional flight services.

China — Foreign direct investment into China fell in 2016 for the first time in four years as pricier labor and real estate eroded potential profits, a trend now compounded by capital controls aimed at propping up a softening yuan.

Iran — Iranian Finance Ministry has approved applications for a total of $3 billion foreign investmentsin the country’s renewable energies.

Kuwait — Kuwait has announced plans to boost foreign direct investment, become a petrochemical hub and develop infrastructure through public private partnerships under its 2035 development plan.

Nigeria — There were indications that foreign investors largely shunned Nigeria’s economy in 2016 as foreign investment inflow dipped by $4.52 billion to $5.12 billion, the lowest in nine years, according to data released by the National Bureau of Statistics.

Global — Global flows of foreign direct investment (FDI) fell 13% in 2016 to an estimated $1.52 trillion as global economic growth remained weak and world trade volumes posted anemic gains, according to the latest UNCTAD Global Investment Trends Monitor.

The Briefing

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

Thanks! You are signed up to our briefing updates.