Archive for: China

Taiwan – Truly Asia’s Hidden Gem

Taiwan – Truly Asia’s Hidden Gem

Taiwan is a beautiful island country layered with the heritage of Taiwanese aboriginals, Dutch, Spanish and Chinese in a beautiful cultural amalgam of sorts. Endowed with magnificent peaks, green rolling hills, plains, basins, coastlines, lush forests and national parks, it is also a nature lover’s paradise. At the backdrop of […]

 
 

The Taiwanese Connection: The Touristic Delving

The Taiwanese Connection: The Touristic Delving

Taiwan as a hub of tourism is one that remains in relative obscurity. Boasting of myriad cultural legacies, Taiwan however is a must-see tourism locale. Man is a social animal. This popular phrase says it all for the inherent nomad who lives within each one of us and whose quests, […]

 
 

Hong Kong Chronicles: Myriad Shades of Magnificence

Hong Kong Chronicles: Myriad Shades of Magnificence

If you ever ask people what they know about Hong Kong, the most likely answer would be that it is one of the top financial centres in the world, offering an expensive skyline view for tourists. Indeed, they would be right. However, Hong Kong may offer you a little bit […]

 
 

The Future of Aviation Sector: the UAE and BRICS Strategic Alliance

The Future of Aviation Sector: the UAE and BRICS Strategic Alliance

The aviation and aeronautics domain is one that countries look to solidify as a mark of their proclaiming their presence in the biggest of economic stages in the world. Predominantly the most developed countries in the world are regarded to be pioneering leaders in the aviation sector, creating unprecedented commercial […]

 
 

New Investment Segments for Middle Eastern Companies

New Investment Segments for Middle Eastern Companies

The boom in education sector is a quiet engine behind China’s growth, says expert. As Arab companies embark on a quest to further expand their global footprint and enhance their position as reliable investment partners for complex international projects, new and promising investment segments are emerging. Many of these are attractive not only […]

 
 

Gold Demand Soars in Asia: WGC Expects Positive Trends to Continue

Extraction and production of the precious yellow metal gold by Turkey has increased by 43% to 24.4 tonnes in 2011 compared from a year ago. Photo - Reuters

Gold – the yellow metal that’s as priceless as the word can imply. Everyone wants to own gold, wants to buy it as an investment for the future. But not many do manage to invest in gold thanks to its ever-increasing prices. And the ones who do are quite careful […]

 
 

The Mirror Effect: U.S. and China

The Mirror Effect: U.S. and China

Ever since the Cold war ended, there has been a tentative and indecisive power structure reigning over the world. With the U.S. learning to walk without a substantive nation-state enemy, it was establishing itself as the new unipolar world power capable of taking control of entire political, social and economic […]

 
 

When America Leads From Behind

When America Leads From Behind

After a long busy day, many people search the web or switch on their cable television, to know what is coming about in this uncertain world. On every international news channel and portal website, they see guiltless people being deliberately harmed, tortured or killed, every day. Around the world, from […]

 
 

Wind power surpasses Nuclear energy in China

Wind power surpasses Nuclear energy in China

The Chinese government has committed itself to producing 16% of its primary (electrical) energy from renewable sources by 2020 (UNEP) Wind power surpassed nuclear power in 2012 to become China’s third-largest energy source. Back in 2007, due to the political leadership of then-President Hu Jintao and then-Premier Wen Jaibao of […]

 
 

Asia set to become World’s Powerhouse by 2030: US Intelligence Report

Asia set to become World’s Powerhouse by 2030: US Intelligence Report

In its latest report “Global Trends 2030: Alternative Worlds” issued by the National Intelligence Council, an analytical arm of the U.S. government’s Office of the Director of National Intelligence says that China’s economy is likely to surpass the United States in less than two decades while Asia will overtake North […]

 
 

Start of an economic cold war?

Start of an economic cold war?

During the election campaign, Mitt Romney’s statement that “China is a currency manipulator” resonated throughout his economic plan and he made it a talking point to drive through this opinion into the public domain. Many feel that China artificially depreciates its currency in order to expand its export base which […]

 
 

Leadership and Opportunity – China’s New Leaders

Leadership and Opportunity – China’s New Leaders

While some might think that the sky is falling now that a new President of China and a new Chinese Premier will be installed in March 2013 — Stephen S. Roach with his years of professional experience working with many of the individuals involved, tells us in his latest Project Syndicate article China’s Dream Team we should feel hopeful this time […]

 
 

Iran oil exports to China drop due to tanker delays, sanctions

Iran oil exports to China drop due to tanker delays, sanctions

Data emerging on Wednesday showed Iran’s crude oil exports to China dropped around a quarter in September from a year earlier due to delivery delays by Iranian tankers because of Western sanctions and a cut in condensate imports. According to data from the General Administration of Customs, China, which is Iran’s top […]

 
 

Chinese, US and Russian rating firms to rival Wall Street Big Three

Chinese, US and Russian rating firms to rival Wall Street Big Three

Chinese rating agency Dagong announced it is tying up with US-based Egan-Jones Ratings Co. (EJR) and Russia’s RusRating JSC to start a new rating agency. The new company called Universal Credit Rating Group will engage in producing responsible and reliable ratings. Egan-Jones Ratings Co. (EJR) was considered as a “nationally […]

 
 

Middle East Business News Review – 15 October

Middle East Business News Review – 15 October

Today’s top business and economy news from the Middle East and North Africa: UAE records $9.9bn fiscal surplus in 2011 The United Arab Emirates’ finance ministry said on Monday the state recorded a budget surplus of AED36.2 billion ($9.9 billion) in 2011, as it released the data to public for […]

 
 

Iran banking on China to finish metro project

Iran banking on China to finish metro project

An Iranian government official said on Monday China will come to rescue its long-term ally and help complete its $2 billion worth Tehran metro rail project which has been marred by delays due to lack of financing as a result of sanctions. Mohammad Montazeri, deputy managing director, planning & logistics, […]

 
 

Middle East Business News Review – 10 September

Middle East Business News Review – 10 September

Today’s top business news from the Middle East and North Africa: Abraaj joins hand with US govt to launch $400m Middle East private equity fund Abraaj Capital, a leading Middle East private equity firm, announced it is going to set up a $400m fund to boost small and medium-scale business in […]

 
 

Middle East Business News Review – 3 September

Middle East Business News Review – 3 September

Today’s top business news from the Middle East and North Africa: GCC integration plan needs more discussion – statement A plan to integrate six Gulf countries as proposed by Saudi Arabia last year in response to Middle East turmoil needed more discussion, Gulf Arab foreign ministers said on late Sunday after […]

 
 

Iran suspends China-funded $3.3bn LNG project

Iran suspends China-funded $3.3bn LNG project

Iran suspended a Chinese contract to build a liquefied natural gas plant in the Gulf port of Asaluyeh “until further notice,” the Mehr news agency reported on Monday. Tehran decided to halt the €2.6 billion ($3.3 billion) contract because the Chinese group involved was unable to finance the project, the state-run […]

 
 

Middle East Business News Review – 9 August

Middle East Business News Review – 9 August

Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa Pilgrims complain Makkah hotels Ramadan price hike Hotels and furnished apartments near the Grand Mosque in Makkah are already fully booked for the last 10 days of […]

 
 

Middle East unrest drives global arms trade to Cold War proportions

Middle East unrest drives global arms trade to Cold War proportions

Despite the gloomy world economy, global arms trade hit post-Cold War peak in 2012, a Russian report issued earlier this month revealed. According to the report, Russia’s Centre for Analysis of World Arms Trade said global military equipment exports hit $69.84 billion this year, the highest level since the end of the Cold War. Driven by complex factors including turmoil in the Middle East and huge appetite of international arms dealers, the alarming situation is likely to have huge ramifications for world peace. The trade registered a 3.84% increase to the tune of $67.26 billion in 2011, already 20% higher compared to $56.22 billion in 2010. Increases in 2010 and 2011 were a result of weapons deals that had been delayed due to the financial crisis that started in 2008, the report revealed. Li Qinggong, deputy secretary of the China Council for National Security Policy Studies, said the recent surge is due to rising security risks around the world, especially turmoil in Middle East […]

 
 

Middle East Business News Review – 19 July

Middle East Business News Review – 19 July

Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa MasterCard Index survey reveals UAE consumer confidence highest since 2009 Consumers in the UAE are very optimistic in their attitudes towards the economy, a survey conducted by […]

 
 

Egypt auto industry cautiously optimistic about future

Egypt auto industry cautiously optimistic about future

Egypt’s auto retail sector, one of the largest in the Middle East and North Africa (MENA) region, has been hit hard by dwindling sales due to the recent political instability and economic slowdown, but pent-up demand is shoring up recovery, the Oxford Business Group said in its report on Thursday. […]

 
 

China-Africa trade ties strong despite Arab Spring impact

China-Africa trade ties strong despite Arab Spring impact

A Chinese think tank has said Arab uprisings that started in January last year across North African countries has had a limited impact on China-Africa trade. The annual report on African development released by the Chinese Academy of Social Sciences in early July said China-Africa trade volume in 2011 reached a historic […]

 
 

China’s economic growth slows; Oil price dips

China’s economic growth slows; Oil price dips

Oil prices tumbled as Chinese demand hit new lows due to weak economic conditions. “At present, our country’s economic growth rate remains within the target range set earlier this year and we are seeing the effectiveness of stabilisation policies,” Premier Wen Jiabao said in his speech. He also added that […]

 
 

Oil prices tumble as Norway strike ends, China curbs purchases

Oil prices tumble as Norway strike ends, China curbs purchases

Norwegian government ordered compulsory arbitration in the dispute and prevented a lockout that was scheduled to start on Tuesday. Futures slipped as much as 1.5% and oil for August delivery fell as much as $1.29 to $84.70 a barrel in electronic trading on the New York Mercantile Exchange. The contract […]

 
 

Qatar economic growth to slow down in 2013

Qatar economic growth to slow down in 2013

Qatar General Secretariat for Development Planning (GSDP) said on Monday it expected the country’s economic growth to slow to 4.5% in 2013 from a projected 6.2% this year, due to looming risks in the global economy, particularly in the euro zone. The commission also forecasted inflation rate to hover between 2-3% in […]

 
 

Middle East Business News Review – 24 June

Middle East Business News Review – 24 June

Middle East Business News Review – A look at today’s important financial news and business updates from the Gulf, Levant and North Africa regions of the Middle East: UAE, GCC economy to witness robust growth despite geopolitical challenges The UAE will see a year on year GDP growth of 4.5% […]

 
 

Qatar seeks $5bn quota to invest in China’s capital market

Qatar seeks $5bn quota to invest in China’s capital market

A senior Qatari official said investment authorities are applying for the status of Qualified Foreign Institutional Investor (QFII) in China with an aim to seek investment quota of $5 billion. Mohammed Bin Saleh Al-Sada, minister of energy and industry of Qatar, said that by applying for the QFII status, the gas-rich […]

 
 

Middle East Business News Review – 20 June

Middle East Business News Review – 20 June

Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa region: Kuwait court dissolves newly elected parliament day after suspension Kuwait’s constitutional court ruled on Wednesday the country’s Islamist-dominated parliament was elected unconstitutionally and restored the previous […]

 
 

Japan, China seek ways to keep importing Iran oil ahead of EU ban

Japan, China seek ways to keep importing Iran oil ahead of EU ban

Iran received a massive boost on Wednesday when two of its Asia’s four top buyers said they will keep importing crude by finding out ways around an EU ban on insuring tankers carrying Tehran’s oil. The Japanese parliament has approved plans that will allow the government to provide insurance cover. […]

 
 

Middle East Business News Review – 19 June

Middle East Business News Review – 19 June

Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa region: UAE seventh on Global Retail Development Index A study released by a global management consultancy firm said four Gulf countries feature among top global emerging markets […]

 
 

Chinese telecom giant ZTE announces Tunisia entry

Chinese telecom giant ZTE announces Tunisia entry

Chinese telecom giant ZTE, also the world’s fourth-largest mobile phone producer, said on Monday it is entering the Tunisian market despite uncertain economic and political conditions in the North African country. ZTE’s announcement comes after a series of test launches since last year. The Chinese company is partnering with Tunisian mobile phone distributor […]

 
 

2012 China Innovation Survey: Innovation – China’s Next Advantage?

2012 China Innovation Survey: Innovation – China’s Next Advantage?

Press Release Chinese companies are becoming serious innovative competitors and China is becoming an innovation engine, according to the findings of a survey of multinational and leading Chinese businesses released on Monday. The 2012 China Innovation Survey, conducted by Booz & Company, a leading global management consulting firm, together with […]

 
 

Chinese refining giant resisting cut-price Iran crude offer due to US sanctions

Chinese refining giant resisting cut-price Iran crude offer due to US sanctions

A senior oil executive said Chinese refining giant Sinopec Corp, the biggest buyer of Iranian oil, has no intentions to raise its Iranian crude imports for the rest of this year as it is keen on avoiding tough US sanctions on Tehran’s oil trade. Washington has not put China on the […]

 
 

Middle East Business News Review – 10 June

Middle East Business News Review – 10 June

A look at today’s important financial news and business updates from the Middle East region: UAE’s Fujairah all set to become leading maritime refuelling hub The United Arab Emirates will begin pumping oil through a new pipeline in upcoming weeks that connects directly to its Indian Ocean port of Fujairah […]

 
 

Middle East Business News Review – 5 June

Middle East Business News Review – 5 June

A look at today’s important financial news and business updates from the Middle East region: Etihad secures 4% stake in Virgin Australia; Eyes further expansion Abu Dhabi’s flagship carrier announced on Tuesday it has acquired a 4% stake in Virgin Australia Holdings in a stock market transaction, strengthening its stake […]

 
 

Middle East Business News Review – 31 May

Middle East Business News Review – 31 May

A look at today’s important financial news and business updates from the Middle East region: UAE one of the top Middle Eastern countries in ‘world competitiveness rankings’ The UAE managed to climb 12 places in the 2012 World Competitiveness Yearbook (WCY) rankings, thanks to its reliable infrastructure, business-friendly environment and […]

 
 

Tehran cancels $2bn China dam deal

Tehran cancels $2bn China dam deal

Iranian Energy Minister Majid Namjou announced on Thursday the cancellation of a $2 billion deal with a Chinese contractor to construct a hydroelectric dam and ceded it to its Revolutionary Guard Corps, official news agency Mehr reported. Iranian President Mahmoud Ahmadinejad is due to visit China next week for a security summit, where […]

 
 

Middle East Business News Review – 24 May

Middle East Business News Review – 24 May

A look at today’s important financial news and business updates from the Middle East region: Doha 2020 Olympic bid eliminated The chase to host the 2020 Summer Games was cut down to a three horse race between Istanbul, Madrid and Tokyo after Doha and Baku were dropped from the running […]