The Briefing

Weekly business & investment updates curated for you.

Erbil Rotana

China — China, witnessing its slowest growth in 25 years, attracted $126 billion in FDI last year, up 5.6 per cent, with the majority invested in services and high- end manufacturing sectors of the world’s second biggest economy.

Egypt — Egypt's central bank devalued the pound currency to 8.85 pounds per dollar from 7.73, aiming to eliminate a black market for dollars that has flourished as a foreign exchange shortage stifles business activity.

India — India is planning to invest over $120 billion in the development of airport infrastructure and aviation navigation services over the next decade with the civil aviation sector poised for fast growth.

Japan — Toshiba plans to invest $3.2 billion to build a new semiconductor facility in Japan, showing it wants to grow its chip business even as it eyes the sale of other units such as appliances and healthcare.

Kurdistan — Qaiwan Group has secured $105 million international loans for the firm's investment in the 442 megawatt Bazian Power Plant.

Mexico — Mexico is set to establish the Telecommunications Investment Promotion Agency through a presidential decree. Mexico slashed its planned expenditure from $10 billion to $7 billion for the proposed deployment of nationwide wholesale mobile network over the next 10 years.

Morocco — Morocco is planning a $40-billion investment programme in the energy sector for the next 15 years, including $30 billion for renewable energy.

Nigeria — LADOL outlines plans to further attract $5billion investments into the country through the LADOL Industrial Free Zone located in Lagos within the next few years.

Oman — A $600-million luxury integrated tourism complex, being developed by Omran, is set to welcome its first residents early next year.

Philippines — San Miguel Corp. is the Philippine stock benchmark’s best-performer this year, handing investors a 55 percent gain that no analyst predicted.

Renewables — The sustainable energy organization outlined the second addition of its global roadmap, claiming that if it were to be adopted, it could save the global economy up to $4.2 trillion annually by 2030, as well as saving 4 million lives a year due to reduced air pollution.

South Africa — Saudi Arabia’s ACWA Power plan to invest $2.3 billion in renewable and conventional energy project in South Africa over the next five years

Sri Lanka — A Chinese consortium plans to restart work on a $1.4 billion port city project in Colombo after Sri Lanka unblocked the project.

Thailand — Thailand saw a huge plunge in the value of foreign investment in 2015, mostly due to changes to its foreign investment rules, implemented in January last year.

What to watch: Valuating Kenya's oil and gas industry

The Briefing

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

Thanks! You are signed up to our briefing updates.