The Briefing

Weekly business & investment updates curated for you.

Erbil Rotana

Brazil — Brazil's central bank recorded a current account deficit of $23.5 billion in 2016, shrinking from the previous year and covered entirely by the $78.9 billion in foreign direct investment that flowed into the country, central bank data showed.

Indonesia — Foreign direct investment into Indonesia rose 2.1 percent on an annual basis in the fourth quarter of 2016 in rupiah terms, slowing significantly from the 7.8 percent pace the previous quarter.

Lebanon — Lebanon's prime minister called for "adequate and substantial" foreign investments worth nearly $10 billion to address the Syrian refugee crisis and upgrade the country's crumbling infrastructure.

Libya — Libya plans to start opening the doors to foreign investors that may be ready to step back into the country's oil sector.

Turkey — Turkey has received initial applications from around 1,200 investors for regional projects worth almost $5.22 billion, Turkish Prime Minister Binali Yildirim announced.

UAE — Dubai Ports operator DP World announced that it was partnering with Canadian pension fund manager Caisse de dépôt et placement du Québec to create an investment vehicle worth $3.7 billion that would invest in ports and terminals worldwide.

U.S.— Foxconn, the world's largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion.

The Briefing

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