China factory output beats forecasts, weathering tariffs
Beijing, China - Factory output in China grew at a faster rate than expected last month, official data showed Monday,...Economy
US, China to publish details of ‘substantial’ trade talks in Geneva
The US and China will Monday give details of "substantial progress" touted by Washington on trade talks aimed at ending...Economy
China’s Guangdong province now boasts of 75,000 high-tech companies
Shenzen, China--The total number of high-tech enterprises in south China's Guangdong Province has exceeded 75,000, local authorities have said.By the...The province's estimated annual research and development (R&D) expenditure topped about $64.8 billion by the end of 2023
The region has seen its gross domestic product surpass $1.80 trillion in 2023, topping the country for 35 consecutive years
Strategic initiatives help UAE lead digital economy
“This economy merges national skills and technological solutions, creating an advanced model that contributes to achieving the goals of the...The UAE is aiming to significantly boost the digital economy's contribution to the non-oil GDP over the next decade.
Efforts are being ramped up to accelerate the adoption of digital solutions across various sectors in the Gulf country.
stc 2023 revenues is $19.28bn
Gross profit for 2023 rose 1.1 percent compared to 2022.The growth was mainly attributed to the increase in commercial unit revenues by 5.1 percent
It was also due to rise in carriers and wholesale unit revenues by 1.4 percent in stc KSA,.
Construction in China-Saudi Arabia ethylene project begins
FUZHOU, CHINA - Construction of the main complex of a joint-investment ethylene project, which involves petrochemicals giant Saudi Basic Industries...The project is being built in the Gulei petrochemicals base in Zhangzhou city, in eastern China’s Fujian Province.
The project entails a total investment of $6.3 billion from SABIC and Fujian Energy Petrochemical Group Co. Ltd.
Iran-EU trade surpasses US$5bn in 2023, says Eurostat
TEHRAN, IRAN - The Statistical Office of the European Union (Eurostat) reported that Iran and the 27 European Union member...Trade between Iran and member states of the EU recorded a decrease of 9 percent from January to December 2023.
During that period, the exchange of products between Iran and the EU member states was valued at US$5 billion.
SCC committee discusses issues related to Sharjah’s economy and tourism
SHARJAH, UAE - The Financial, Economic and Industrial Affairs Committee of Sharjah Consultative Council (SCC) held a meeting to discuss...The committee addressed the outcomes of its recent visit to Sharjah Commerce and Tourism Development Authority.
The committee was briefed about the authority’s efforts to stimulate tourism by conducting events throughout the year.
Norway deal averts Palestinian financial collapse: govt
The portion of the revenues that Israel will transfer to Norway will remain in a Norwegian account until the parties...Under a 1994 agreement, the PA receives taxes that Israel collects on its behalf -- but Israel has withheld some of these since Hamas's attack
The Palestinian Authority has refused to accept any transfers unless Israel changes its decision, an impasse that has lasted for several months
WEF24: Pragmatic actions to help in carbon neutrality
Technology investment and corporate partnerships can play a crucial role in driving significant emission reduction, Hans Kobler of Energy Impact...Technology investment and corporate partnerships can play a crucial role in driving significant emission reduction, Hans Kobler of Energy Impact Partners tells TRENDS.
He stresses the need for concrete action, emphasizing the importance of pragmatic strategies and sustained investment to overcome the challenges of climate finance.
Qatar minister urges Gaza ceasefire to end Red Sea insecurity
The Houthis, who control vast swathes of Yemen, have said the attacks, beginning in November, have targeted vessels linked to...Many companies have chosen to divert their vessels to avoid the Red Sea
US and UK strikes on Houthi targets have failed to halt the rebel attacks
China maintains basic balance in international payments in 2023
Beijing, China--China maintained a basic balance in its international payments last year, with its current account surplus amounting to US$264.2...China's foreign-exchange regulator said the ratio of the current account surplus to gross domestic product was 1.5 percent last year
The administration's data shows the surplus under trade in goods came in at $608bn last year, the second highest level in the history
