The Briefing

Weekly business & investment updates curated for you.

Erbil Rotana

Abu Dhabi — The Abu Dhabi Investment Authority, one of the world’s biggest sovereign wealth funds, said its long-term gains dropped in 2015. The fund’s 20-year annual rate of return slowed to 6.5 percent at the end of 2015, from 7.4 percent a year earlier.

Algeria — Algeria's parliament approved a new investment law that the government hopes will improve the business climate outside the oil sector after a drop in energy earnings of almost 50 percent due to falling oil prices.

China — Beijing further relaxed restrictions on foreign investment in the mainland’s four free-trade zones, allowing freer market access in various manufacturing and service sectors, including the steel, auto batteries and shipping industries.

Dubai — The total value of real estate transactions in Dubai in the first half of 2016 was AED113 billion ($30.7 billion), the government has announced.

Iran — Addressing the 14th session of the UNCTAD in Kenya, the Iranian Finance and Economic Affairs Minister Ali Tayyebnia stressed that the security and political stability in the Iran sets a safe environment for foreign investments.

Ivory Coast — Canadian Natural Resources (CNR) is postponing $300 million to $400 million in planned investment on its Ivory Coast offshore blocks pending a rebound in crude prices.

Philippines — Investment pledges approved by the Board of Investments (BOI) more than doubled in the first half of the year as sustained investor confidence in the new government led to more power and transportation infrastructure projects.

KSA — Saudi Aramco signed four engineering contracts to build its Fadhili gas processing project. The project is worth more than $13.3 billion and, when completed in 2019, will be the first program in the kingdom to treat gas from both onshore and offshore fields.

Sudan — The Foreign investment volume in Sudan increased to $42 billion following a package of incentive measures to increase the flow of investments and encourage investment in transformational manufacturing.

Taiwan — Taiwan's Ministry of Economic Affairs approved 1,625 foreign direct investment projects with a total value of $5.5 billion in H1 2016.

The Briefing

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