The Briefing

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Erbil Rotana

Abu Dhabi— Foreign direct investment in Abu Dhabi rose by 8% in 2016 to just above Dh95 billion, the government’s statistics centre announced. Manufacturing industries grew at just more than 11% to Dh19 billion, accounting for about 20% of the total. Real estate foreign investment, which includes sales of property to non-residents, was hardly changed at Dh24 billion, with its share dropping from 27% of total foreign investment to 25%.

Canada — Foreign investment in Canadian securities dropped to an 11-month low in November, with non-residents buying a net $5.44 billion worth of bonds, stocks and money market paper.

China — China's cabinet issued measures to further open the world's second-largest economy to foreign investment, including easing limits on investment in banks and other financial institutions. China will lower restrictions on foreign investment in banking, securities, investment management, futures, insurance, credit ratings and accounting sectors.

Egypt — Egypt has finally come out with the much-anticipated new investment law, raising debate among economists about whether the amendments introduced to the law would lure more foreign direct investment to the country.

Iran — The volume of foreign investment in Iran is forecasted to reach $13 billionover the current fiscal year (ending March 21). The country has already attracted $11 billion in foreign investment over the past ten months.

Turkey — Turkey has changed its law to offer citizenship to foreigners who buy property worth at least $1 millionin the country.

Vietnam — Vietnam’s government is looking to sell a significant stake in a local power company to foreign investors, the latest effort by the government to open up the economy.

The Briefing

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