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China will keep treating private firms with disfavour

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CHINA

The NPC Standing Committee that same week expanded the State Secrets Law. Information clampdowns denting business confidence undermine efforts to boost the private sector and…

Gulf states: Western investment drive will accelerate

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GULF STATES

This trend was sustained in 2023 with USD23bn worth of investments in US markets alone. However, Gulf investments are subject increasingly to greater Western scrutiny because of…

Riyadh’s judicial reforms will help drive investments

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SAUDI ARABIA

Measures include a new civil code, the Civil Transactions Law, which came into effect in December 2023 and aims to provide comprehensive coverage of all aspects of contracts…

Algeria will tightly control private enterprise

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ALGERIA

Since his 2019 election, the president has introduced reforms to attract foreign investment, albeit only to a handful of sectors. The president remains opposed to opening the…

Major tests lie ahead for Ecuador’s Noboa

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ECUADOR

The legislation’s smooth journey through Congress illustrates the pragmatic relationship Noboa has established with the legislature. This, however, will be difficult to maintain…

Costa Rica's medical device sector will grow further

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COSTA RICA

Precision and medical equipment has been the country’s largest export sector since 2017. It maintained that position in 2023, achieving 28% growth year-on-year and contributing…

Mexico expropriation risk may rise as AMLO term ends

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MEXICO

The move was not altogether unexpected, with the energy ministry having previously hinted it was possible. It nevertheless feeds concerns that the outgoing administration of…

Oman's LNG exports will increase as oil plateaus

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OMAN

Previously, in January, the energy ministry announced it was offering three new oil and gas concessions. Muscat wants to engage private companies in efforts to unearth fresh…

Climate adaptation action to strengthen globally

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INTERNATIONAL

This is likely to be the first indicator of a push to drive adaptation up the political agenda in 2024.

New Kazakh premier will struggle to attract more FDI

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KAZAKHSTAN

Tokayev has also criticised regional officials for relying excessively on budgetary funding and not doing enough to attract private capital. However, structural economic and…