The Briefing

Weekly business & investment updates curated for you.

Erbil Rotana

Argentina — Argentina has agreed a $15 billion investment deal with companies to boost production in Vaca Muerta, in return for lower labour costs and greater subsidies.

China — China's commerce ministry reiterated its determination to lure foreign investment in manufacturingand its backing for domestic companies going overseas in a foreign trade plan for the five years to 2020.

Global Economy — Global economic growth is forecast to accelerate moderately to 2.7 percent in 2017 after a post-crisis low last year.

Iran — Iran is seeking investment to build 25 petrochemical projects.

Malaysia — Malaysia’s securities regulator has proposed establishing a fund to invest in the country’s Islamic finance funds and make them more attractive to institutional and foreign investors. Malaysian asset managers hold $30 billion worth of sharia-compliant assets – among the largest in the world and comparable to Saudi Arabia – but they have often been overshadowed by a thriving market for Islamic bonds, or sukuk, which are often bought directly by investors.

Oil — The global oil industry is slated to make some big investments in 2017 following a painful two-year spending slump. And the U.S. is expected to lead the recovery. Industry research firm Wood Mackenzie predicts U.S. oil sector spending will grow by 23% to $61 billion this year as American companies capitalize on rising crude prices.

Renewables — Clean energy investment worldwide fell by 18 percent to $287.5 billion last yeardue to sharp falls in renewable technology prices and less spending on projects by large markets China and Japan.

U.S. — Toyota Motor will spend $10 billion in U.S. capital investments over the next five years, matching the Japanese automaker's investments over the prior five years.

The Briefing

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

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