The Briefing

Weekly business & investment updates curated for you.

Erbil Rotana

Growth — The Regional Economic Outlook for Asia and the Pacific estimates growth for the region to increase this year to 5.5% from 5.3% in 2016. Growth will remain strong at 5.4% in 2018, as the region continues to be the leader of global growth.

Infrastructure — The Chinese government is investing tens of billions of dollars as part of an ambitious economic plan to rebuild ports, roads and rail networks. China's President Xi Jinping has pledged $124 billion for the scheme, known as the Belt and Road initiative.

FDI — Foreign direct investment in Turkey increased by 43% in the first three months of this year compared to the same period last year, reaching around $1.7 billion.

Oil & Gas — China's Middle East energy footprint has been expanding. In February, it made a deal for a stake in Abu Dhabi’s onshore oil. In March, Saudi Arabia’s King Salman bin Abdulaziz travelled to China to strengthen trade ties, and now a Chinese consortium is lining up for a stake in the Aramco IPO.

Renewables — Renewable energy investment reached a record high in Australia last year, according to a new report issued by the Clean Energy Regulator.

High-Tech — The past two decades has seen mobile technology progress from a people-to-people technology (3G) to people-to-information connectivity (4G). While this step revolutionised how people communicate and conduct commerce, the next generation of mobile technology — 5G — promises far greater technological and economic transformations with the potential to re-shape industrial and consumer activity.

Aviation — With the Middle East on track to see a two-fold growth in air traffic within years, the value of 152 active aviation-related projects in the region rose to Dh211 billion ($57.4 billion) in April 2017 regardless of a huge drop in oil revenues.

Healthcare — Slowly but surely, health is becoming a business in Africa. As countries urbanise, disease patterns change and more people become able to pay for healthcare or buy health insurance. Private companies sense an opportunity.

The Briefing

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

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