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Struggling factories underline fragility of world growthManufacturing across the world stumbled last month, underlining the fragility of the global economy and building the case for more action from leading central banks. Gloomy purchasing managers indexes - surveys of factory activity More… |
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UAE’s industrial spend to jump by $14.2bnThe total capital invested in UAE’s manufacturing sector will increase to Dh162.7 billion ($44.2 billion) by the end of the fiscal year 2017, marking an increase of about Dh52.5 billion ($14.2 billion) at a rate of 48 per cent over the inv More… |
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European crisis hits world factories in JuneEurope's debt crisis slammed into the world's factories last month, with US manufacturing contracting for the first time in nearly three years and Asian countries hit hard by crumbling orders from abroad. Some of the most grim data More… |
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China factories bottoming out says surveyChina's manufacturing sector showed fresh signs of bottoming out in April, with export orders ticking up, but activity still contracted for a sixth consecutive month, according to a private sector survey. "The seasonal rebound this year wa More… |
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Bahrain waives $169m customs fees in 2011Customs fees worth BD64 million ($169.75 million) were waived for Bahraini-run factories last year, the Interior Ministry said. It was part of GCC directives to exempt all industrial facilities from customs fees, including machinery, equip More… |
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Factories stalling worldwide; China joins inManufacturing activity is contracting across Europe and most of Asia, data showed on Thursday, and a Chinese official declared that the world economy faces a worse situation than in 2008 when Lehman Brothers collapsed. Factory activity shr More… |
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Global manufacturing contracts in SeptThe manufacturing sector contracted worldwide for the first time in over two years last month as incoming new work dried up, but firms still took on more workers, a report showed on Monday. The Global Manufacturing PMI, compiled by JPMorga More… |
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Europe, India factories heat up as China coolsEuro zone factories ramped up output and prices last month while manufacturers in India also powered ahead, business surveys showed on Monday, keeping two cycles of likely further interest rate hikes on track. In China, monetary tightening More… |
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Bahrain opens 2 factories at investment parkTwo new manufacturing facilities at a total cost of more than $9 million officially opened at the Bahrain International Investment Park (BIIP). Bahrain Industrial Filters and Gulf Temperature Sensors at Salman Industrial City, Hidd, each s More… |
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Clean up warning to some Bahrain factoriesFactories in a major industrial zone in Bahrain could soon be forced to close if they don't clean up their act. The decision comes under a new zoning plan by the Municipalities and Agriculture Affairs Ministry to turn the Hidd Industri More… |
