Saturday 28 March 2015
 
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economy

Chinese factory activity hits 11-month low

Activity in China's factory sector dipped to a 11-month low in March as new orders shrank, a private survey showed, signalling persistent weakness in the world's second-largest economy that will likely fuel calls for more policy easing t

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Gulftainer to deploy SAP solutions

Gulftainer, a privately-owned, independent terminal operating and logistics company, has named SAP as its strategic technology partner. Under the terms of the agreement, Gulftainer will deploy a range of SAP solutions running on t

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DSO forum to focus on Islamic digital economy

Dubai Silicon Oasis Authority, the regulatory body of Dubai Silicon Oasis (DSO), will highlight the Islamic Digital Economy and its contribution to Dubai’s broader Islamic economy vision during its 19th TechForum initiative in the UAE emir

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Egypt’s Suez Canal zone to make up 30pc of economy

Egypt expects a planned economic zone near the Suez Canal to eventually make up about a third of Egypt's economy, the country's investment minister said on Thursday. Egypt plans to build an international industrial and log

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China signals 'new normal' with lower growth target

China announced an economic growth target for 2015 of around 7 per cent on Thursday and said it would boost government spending, signalling that the lowest rate of expansion for a quarter of a century is the "new normal" for the world&

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STC, SK Telecom in deal for ‘creative economy concept’

SK Telecom, a leading telecommunication company in Korea, has signed a deal with Saudi Telecom Company (STC) to collaborate on the development of the innovation capabilities in Saudi Arabia by benchmarking Korea’s creative economy concept.

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Investor-friendly Bahrain 'ideal for big businesses'

Bahrain enjoys an investor-friendly environment for big global businesses and it welcomes projects that add value to the national economy, Industry and Commerce Minister Zayed Al Zayani said yesterday (March 4). He said this as he

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Emirates' ops contribute $7.59bn to Europe GDP

Dubai-based Emirates’ operations in Europe has made an economic impact of €6.8 billion ($7.59 billion) on the total gross domestic product (GDP) of the continent, according to a study. The airline’s undertakings in the

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SMEs 'playing major role in global economy'

Investments in small and medium-sized enterprises (SMEs) will be a key topic of discussion at the  upcoming Annual Investment Meeting (AIM) 2015 in Dubai. The event is being held from March 30 to April 1 at the Dubai Internat

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Saudi economy a ‘pillar of strength’ in GCC

Saudi Arabia's strong economy has a hugely positive effect on trade and investment relations with Bahrain, said the Premier yesterday (February 26). His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa stress

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