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China’s outward investment tops $161.19bn in 2016
(The Peninsula - 27/12/2016)

Beijing: China’s non-financial outbound direct investment (ODI) is likely to hit 1.12 trillion yuan ($161.19bn) in 2016 and foreign direct investment into China will total 785bn yuan, Commerce Minister Gao Hucheng said yesterday. The government will

Egypt targets 5% economic growth by mid-2018
(The Gulf Today - 26/12/2016)

Egypt targets a five percent economic growth rate in the year to June 2018, the finance ministry said Sunday as the government seeks to revive an economy battered by turmoil. Egyptian authorities have battled high unemployment, inflation and a collapse

World Bank and Egypt sign $1 billion loan deal
(The Gulf Today - 25/12/2016)

The World Bank and Egyptian Ministry of International Cooperation have signed a loan agreement worth $1 billion for the Second Fiscal Consolidation, Sustainable Energy, and Competitiveness Programmatic Development Policy Financing (DPF) for Egypt. This

European markets muted as Italian bank woes resurface
(Gulf Times - 22/12/2016)

Europe’s main stock markets mostly drifted lower yesterday, as focus again shifted to the fate of Italy’s troubled bank Monte dei Paschi. Trading was tentative in the runup to the end of year holidays and the Dow Jones’ attempt to hit the landmark 20,000

Scotland unveils plan to EU single market after Brexit
(Arab News - 21/12/2016)

Scotland wants to stay in the European Union’s single market after the United Kingdom leaves the bloc and will push for more powers to protect its interests, the head of its pro-independence government said on Tuesday. “We are determined to maintain

China’s economic growth to slow to 6.5%
(Arab News - 20/12/2016)

China’s economic growth will slow to 6.5 percent next year and the yuan will continue falling against the dollar, a top Chinese think-tank said Monday. The prediction follows a raft of positive data earlier this month that raised hopes of an end to the

UK mulling Turkey-style trade pact with EU
(The Peninsula - 19/12/2016)

The UK could try to stay in the European customs union after Brexit, International Trade Secretary Liam Fox (pictured) said, in a further sign that the British government is considering keeping some formal ties with the bloc. Britain could model its

EU sees Japan free-trade deal in 2017
(Arab News - 18/12/2016)

The European Union said on Saturday it is close to an agreement with Japan on a free-trade deal that has taken on greater significance after President-elect Donald Trump announced US plans to withdraw from a separate pact with Pacific nations. In a

Microsoft extends Accenture business process services deal
(Saudi Gazette - 15/12/2016)

Microsoft has awarded Accenture a seven-year contract extension to continue providing finance and accounting (F&A) and procurement business process services. Accenture will leverage artificial intelligence, automation and analytics capabilities to

UK inflation rises to highest in over 2 years
(The Gulf Today - 14/12/2016)

British inflation hit its highest rate in more than two years last month, pushed up by more expensive clothing and the impact of June’s Brexit vote on the prices consumers paid for technology goods. Consumer prices were 1.2 percent higher than a year

China faces battle over market economy status
(The Gulf Today - 12/12/2016)

China’s battle for recognition as a market economy that would help it avoid penalties from key trade partners has been thwarted, as a key clause in Beijing’s deal to join the WTO expires on Sunday. As China marks the 15th anniversary of its accession to

Pakistan’s biggest port starts test operations
(The Gulf Today - 11/12/2016)

Pakistan’s biggest Deep Water Container Port (DWCP) has started test operations by accommodating the first container ship, APL Japan. The vessel took alongside berth No. 4 of the port for loading around 1,000 twenty-foot equivalent units (TEUs) of export

US stocks’ bull run seen extending into ’17
(Gulf Times - 08/12/2016)

The US stock market’s bull run since 2009 will extend into 2017 if President-elect Donald Trump’s plans to stimulate the economy with infrastructure spending and financial deregulation come to pass, according to strategists in a Reuters poll. But

Pakistan's real estate sector hits the brakes
(Khaleej Times - 07/12/2016)

The real estate sector in Pakistan is unfolding some interesting scenarios. Over the past two years, starting from June 2014, the market saw a bullish trend with tremendous growth across all segments including residential, commercial and agricultural

US trade gap widens as exports decline
(The Gulf Today - 07/12/2016)

The US trade deficit recorded its biggest increase in more than 1-1/2 years in October as exports of soybeans and other goods dropped, suggesting that trade would be a drag on growth in the fourth quarter. The Commerce Department said on Tuesday the

RBS agrees to $1b payout over 2008 fundraising case
(The Gulf Today - 06/12/2016)

Royal Bank of Scotland has reached a settlement with the majority of shareholder groups over allegations it misled them during a fundraising at the height of the financial crisis, but still has to strike a deal with thousands of smaller retail

Britain may continue with some EU cooperation post-Brexit
(The Gulf Today - 05/12/2016)

Britain could pay in to some EU programmes after Brexit but the government will take back control of its own money and will no longer spend large amounts in Brussels, Foreign Minister Boris Johnson said on Sunday. Businesses, investors and opposition

China aims to boost equity through financial tools
(The Gulf Today - 04/12/2016)

China aims to increase direct funding for companies through financial instruments such as stocks by implementing a national investment standard, a senior official at the People’s Bank of China (PBOC) said on Saturday. The majority of China’s loans still

Eurozone inflation hits 31-month high
(The Gulf Today - 01/12/2016)

Eurozone inflation hit a 31-month high in November, data showed on Wednesday, providing modest relief for the European Central Bank ahead of an interest rate decision next week as price growth finally ticks up after years of flirting with deflation.

US economic growth revised at 3.2% rate
(The Gulf Today - 30/11/2016)

The US economy in the third quarter grew at the fastest pace in two years, with a revised report showing stronger consumer spending than first estimated. The gross domestic product, the country’s total output of goods and services, expanded at an annual

Tunisia wins billion-dollar pledges to boost economy
(Arab News - 30/11/2016)

Saudi Arabia, Qatar and France have promised more than a billion dollars in financial support for Tunisia at an investment conference aimed at reviving the country’s struggling economy. Tunisia hopes the meeting will help it confront challenges including

China promotes healthy outbound investment as outflow fears grow
(Oman Daily Observer - 29/11/2016)

China said on Monday it promotes the healthy development of outbound investment, as a slide in its yuan currency to 8½ year lows revives worries about capital fleeing the country. Officials from the National Development and Reform Commission, the

China’s industrial profits get boost from raw material
(The Gulf Today - 28/11/2016)

Profit growth in China’s industrial sector picked up in October, aided by stronger sales and higher prices, suggesting further strengthening of the world’s second-largest economy, though growth was skewed towards high-polluting heavy industry. There has

China-made $100bn city near Singapore ‘scares everybody’
(Gulf Times - 27/11/2016)

The landscaped lawns and flowering shrubs of Country Garden Holdings Co’s huge property showroom in southern Malaysia end abruptly at a small wire fence. Beyond, a desert of dirt stretches into the distance, filled with cranes and piling towers that the

China defends Asia-Pacific trade after Trump threat
(The Gulf Today - 24/11/2016)

China’s President Xi Jinping vowed to strengthen world trade in the face of US President-elect Donald Trump’s threat to pull out of a key trans-Pacific accord. Speaking on a visit to Chile on Tuesday, he vowed to “push to build an Asia-Pacific