The Briefing

Weekly business & investment updates curated for you.

Erbil Rotana

Thailand to invest $19 billion on energy in next three to five years — Thailand's private and public sectors are estimated to spend $19.4 billion over the next three to five years on expanding capacity of petroleum, electricity and renewables to secure energy supplies.

Japan vows to create biz deals worth $25 billion in Central Asia — Prime Minister Shinzo Abe vowed to help create businesses worth nearly $25 billion, in Central Asia, in an apparent move to counter China’s growing influence in the region. To achieve the target, the Japanese government will encourage private-sector investment in the region and support infrastructure and human resources development in Central Asia.

More than $1.5 Billion in Deals Signed at Astana Invest Forum — Over 30 agreements worth $1.5 billion were signed at this year’s Astana Invest Forum, including projects on infrastructure, manufacturing and energy. The biggest-ticket item is a $400 million deal on implementing infrastructure projects in Astana, including building malls and entertainment centres.

Azerbaijan needs foreign investment — According to the report of the State Statistics Committee, the total volume of foreign investments in fixed assets in Azerbaijan amounted to 4.968 billion manat in January-September 2015, increasing by 41.3 percent compared to the same period of 2014.

Bahraini investments in Egypt top $955 million — According to a recent report released by the General Authority for Investment and Free Zones (GAFI), a total 173 Bahraini companies are now investing in Egypt. The overall investments in Egypt topped $955 million by the end of August 2015.

Mozambique's economy to grow 6.5% next year — Mozambique's economy is expected to accelerate slightly to 6.5 percent next year due to a delay in investment in large natural resources projects, the International Monetary Fund announced.

Nigeria planning $25 billion infrastructure fund — The nation of 170 million people is Africa's top oil producer, but it requires infrastructure development to help boost economic growth.

Telstra to invest $1 billion — Australia’s biggest telecommunication company, Telstra Corp., is expected to infuse at least $1 billion in the Philippines through a joint venture with San Miguel Corp.

Airbus profit rises — Airbus said third-quarter profit rose 12 per cent amid higher commercial aircraft deliveries and lower research costs. The company approved a share buyback and announced plans to increase production of its workhorse A320 model.

Oil Set to End Fourth Month Below $50 as Investment Curbed — Crude was poised to end the month below $50 a barrel for the fourth time amid a global glut that’s showing no signs of relief for oil and gas companies that posted more than $19 billion in writedowns in a single week.

The Briefing

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

Thanks! You are signed up to our briefing updates.