News

Note: This section contains information in English only.
Mon, 01 Jan 2018 17:20:43 GMT

South Korea's export hit yearly high in 2017

South Korean export reached its historical high of $573.9B over the course of 2017, owing to solid demand for the main export items, a government data showed.

Mon, 01 Jan 2018 17:19:27 GMT

Saudis raise power, gasoline tariffs, impose new tax

Saudi Arabia raised electricity tariff, gasoline prices and activated the VAT, as a part of a revamp of the country's economy structure to become less dependent on its oil revenues.

Mon, 01 Jan 2018 16:29:47 GMT

US Pence trip to Israel delayed again

The Foreign Ministry of Israel stated that an anticipated visit by Mike Pence, the US Vice President, was postponed again, with the official reason of the tax vote.

Mon, 01 Jan 2018 16:29:10 GMT

Venezuela increases minimum wage 40%

Nicolas Maduro, the President of Venezuela, announced a 40% raise to the minimum wage, which would foment hyperinflation in the rich of oil, but crisis-stricken country.

Mon, 01 Jan 2018 15:07:29 GMT

Israel's minister supports Iranian protestors

The Israeli Intelligence Minister expressed encouragement for Iranian anti-government protesters, adding that Israel's policy was not supposed to get involved in the internal affairs of Tehran.

Mon, 01 Jan 2018 15:06:41 GMT

Merkel's allies seek to cut corporate tax

German Bavarian conservatives were pressing for the corporate tax cuts after reunification to assist poorer Eastern states that could complicate talks on forming the new government.

Mon, 01 Jan 2018 14:24:50 GMT

Gambling revenues in Macau jump first time since 2014

Gambling revenues in Macau rose for the first time since 2014, as the high-end appetite for gambling of punters recovered after the protracted government campaign against shows of wealth.

Mon, 01 Jan 2018 14:23:37 GMT

Compass new CEO begins tenure on January 1

According to Compass Group, the company's incoming CEO Blakemore will begin the tenure three months earlier than expected amid the death of the outgoing CEO Cousins.

Sun, 31 Dec 2017 14:21:16 GMT

French President to meet Turkey's counterpart in Paris

The President of France Emmanuel Macron is likely to meet Turkey's Recep Tayyip Erdogan in Paris next week to discuss the Mideast issues and bilateral relations.

Sun, 31 Dec 2017 14:20:25 GMT

Britain's May plans reorganisation of Cabinet next year

The UK Prime Minister Theresa May was planning to implement major changes to Cabinet in 2018, with likely sacking up to a quarter of ministers, the Sunday Times reported.

Sun, 31 Dec 2017 13:33:19 GMT

Bombardier to secure $1.1B order from EgyptAir

Canada-based plane producer Bombardier announced that it sold 12 CS300 jets to EgyptAir in a $1.1B worth deal.

Sun, 31 Dec 2017 13:32:22 GMT

Arabtec awarded $279 project deal from Dubai Properties

Arabtec Construction announced that it won a $279M contract from Dubai Properties, which involves construction works including villas and townhouses.

Sun, 31 Dec 2017 12:16:31 GMT

Subaru, Suzuki to join EV development activity

Subaru and Suzuki Motor decided to join an EV development activity launched earlier by Toyota and Mazda Motor, according to sources familiar with the matter.

Sun, 31 Dec 2017 12:15:43 GMT

Middle East funds to strengthen equities positions

Mideast fund managers planned to spur equity holdings, following a weak year, when the area underperformed emerging markets due to modest economic growth, a Reuters poll revealed.

Sun, 31 Dec 2017 11:33:03 GMT

UK to get tech majors to do more to combat extremism

The UK may impose taxes on technological majors like Facebook and Google unless they try harder to fight extremism, the country's Security Minister stated.

Sun, 31 Dec 2017 11:30:57 GMT

Singapore GDP rises 3.5% in 2017

Lee Hsien Loong, the Prime Minister of Singapore, said in New Year message that the country's economy grew 3.5% in 2017, twice as much as the government anticipated.

Sun, 31 Dec 2017 10:31:25 GMT

China's Trade Minister promises easier market access

China would provide easier access for foreign investors to the country's market and ensure a transparent, fair investment environment, the Trade Minister Zhong Shan stated.

Sun, 31 Dec 2017 10:30:42 GMT

Finland-China innovation partnership bears huge potential

The innovation partnership between China and Finland has huge potential in the following years, Finland's business leader told Xinhua news agency.

Sun, 31 Dec 2017 09:33:59 GMT

PBoC to maintain prudent monetary policy for next year

China is set to reiterate reasonable loan growth and prudent monetary policy in 2018, the China's Central Bank Chief stated.

Sun, 31 Dec 2017 09:33:11 GMT

Erdogan indicates warm up in EU-Turkey relations

The President of Turkey Recep Tayyip Erdogan delivered a warm message to the EU this week, following the year of mostly strained relations between the sides.

Sun, 31 Dec 2017 08:03:51 GMT

Xi: China to promote cooperation, mutual trust with Russia

China's President Xi Jinping stated that it was ready to join the President of Russia Vladimir Putin in consolidating strategic and political mutual trust and strengthen bilateral cooperation.

Sun, 31 Dec 2017 08:02:44 GMT

Myanmar to speed up SME development early next year

Myanmar announced plans to expedite small and medium enterprises' development in the beginning of 2018 through launching work sector competitions in the country.

Sun, 31 Dec 2017 06:59:46 GMT

Merkel reclaims EU anchor role in 2018 agenda

Germany's Chancellor Angela Merkel announced her intention to cooperate with France to keep the EU together and promised to form the next government with no delay.

Sun, 31 Dec 2017 06:58:08 GMT

China ceases 553 auto models production on fuel consumption

China is likely to stop the production of 553 passenger car models that have not suited the government's standards of fuel consumption.

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