The Briefing

Weekly business & investment updates curated for you.

Erbil Rotana

China — China will allow foreign private-equity funds to set up asset-management services in the country and invest in domestic stocks, in its latest move to open its markets and financial sector further to outsiders.

Dubai — From commuter trains to highways, Dubai is doubling down on its bet that investments in transportation will spur the emirate’s economy as lower crude prices strain budgets in the oil-dependent Persian Gulf region.

Egypt — Egypt FDI increases by 49.3%, reaching $6.9 billion in 2015.

Ethiopia — Ethiopia seems to be attracting the attention of economists interested in Africa, and for good reason. Except for Rwanda, Ethiopia is the only African country whose economic growth has been consistently high for more than a decade without relying on a natural resource boom.

Iran — Iran is planning to absorb $7 billion worth of foreign investment this year in line with policies to promote Economy of Resistance.

Kazakhstan — North Kazakhstan region is seeking to maximise its unique potential to develop the areas of agriculture and tourism. The region’s deputy governor Mukhtar Mankeyev outlined the priority sectors for investment and an action plan to develop both portions of the economy.

Mauritius — Mauritius’s government expects foreign direct investment to increase as much as 46 percent this year, even as the United Kingdom’s decision to leave the European Union may curb inflows to the Indian Ocean island nation. Foreign investors are expected to commit 14 billion rupees ($395 million) by the end of 2016, compared with 9.6 billion rupees last year.

Morocco — Morocco's central bank would start issuing approvals for Islamic banks this year, with the aim of allowing them to begin business in early 2017.

Mozambique — Foreign investment flows into Mozambique fell 35 percent in the first quarter, putting pressure on the nation’s balance of payments and exchange rate.

Saudi Arabia — Property brokers in Saudi Arabia are predicting a surge in ­investment in the kingdom as the government pushes ahead with plans to tackle a housing shortage.

The Briefing

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

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