The Briefing

Weekly business & investment updates curated for you.

Erbil Rotana

China — Facing economic slowdown, China will open up service sectors such as education, finance and culture for FDI to remain an attractive destination for overseas investment.

Dubai — Total investments in Dubai Silicon Oasis (DSO) amounted to $980 million in 2015. DSO also registered a 16% growth in recurring revenue over the previous year.

Egypt — Egypt's Central Bank announced that devaluing the Egyptian pound had attracted foreign investment worth $500 million in treasury bills.

India — The Union Shipping Ministry has embarked on an ambitious plan to mobilise $18 billion in investments from foreign and domestic investors to fast-track the growth of India’s maritime sector.

Iran & Pakistan — Pakistan and Iran vowed to remove non-tariff barriers to take bilateral trade volume up to $5 billion from existing $270 million in next five years.

Islamic Economy — Muslims worldwide spent an estimated $244 billion in 2015 on apparel, accounting for 13.56 per cent of the global Muslim consumer spending of $1.8 trillion.

Ivory Coast — Endeavor Energy hopes to secure financing by the end of the year for a $900 million gas-fired power project in Ivory Coast to help meet its growing electricity demands.

Malaysia — The aerospace industry in Malaysia is projected to contribute a total revenue of RM55.2 billion to the economy by 2030.

Oman — Oman's master development and tourism company has announced more details of its plans to build a $800 million project. The project is set to identify specific investment opportunities within the landmark development called Madinat Al Irfan Urban City.

Renewables — Investment in renewable energy hit a record $286 billion in 2015 according to a UN report. All told, new money put into solar, wind, biofuels and other cleaner energy technologies has exceeded $2.3 trillion since 2004, when total investment was less than $50 billion.

Turkey — Turkey seeks an investment of more than $1 billion from companies based in the United States during an official trip to the country by President Erdogan.

UAE & India — The UAE and India to explore opportunities to mobilise up to $75 billion long-term investment in the National Investment Infrastructure Fund (NIIF).

The Briefing

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

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