The Briefing

Weekly business & investment updates curated for you.

Erbil Rotana

Britain — Britain's 2.2 million financial industry workers face years of uncertainty and the risk of thousands of job cuts after the country voted to quit the European Union, leaving question marks over London's status as Europe's premier financial center.

China — China's liberalization efforts of investment regime, driven partly by its investment administrative reform, will create opportunities for global foreign direct investment (FDI) flows.

FDI: In 2015, global flows of foreign direct investment rose by about 40 per cent, to $1.8 trillion, the highest level since the global economic and financial crisis began in 2008.

India — India’s fast-growing economy attracted $44 billion in foreign direct investment in 2015, making it the 10th largest destination globally for such investment last year.

Iran — The withdrawal of many economic and financial sanctions in Iran has reopened the county’s economy to a stream of new investments.

Nigeria — The Lagos State Government and the City of Dubai yesterday, entered into a historic partnership that will see Lagos emerge as the first Smart City in Africa.

Oman — Minerals Development Oman, the newly established executive arm of the Public Authority for Mining, aims to attract international investment and technical know-how into the Sultanate’s mining sector.

Qatar — Qatar’s economic growth this year is forecast to be higher than last year as real gross domestic product (GDP) growth is expected to be 3.9 percent in 2016, which is 0.2 percentage points higher than in 2015. Country’s real GDP grew by 3.7 percent last year.

Saudi Arabia — Saudi Arabia, long led by old kings, is now looking at the prospect of drastic change, thanks to a young prince.

Tech — Samsung is looking to take its relationship with the Internet of Things to the next level with an investment to the tune of $1.2 billion.

Turkey — Turkey became the 20th most popular destination for foreign direct investment (FDI) inflow in 2015, rising two spots from its 22nd ranking the previous year.

The Briefing

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

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