Beijing sets up $14.6bn Internet investment fund
Customers use computers at an Internet cafe in Hefei, China
Beijing - Arab Today
China has set up a 100 billion yuan ($14.55 billion) fund to support investment in the Internet sector, said official news agency Xinhua on Sunday.
The fund, backed by China’s Cabinet, is designed to help turn China into a major player in Internet technology, said the report.
An initial 30 billion yuan ($4.36 billion) has already been raised from major banks and telecoms firms including ICBC, China Mobile and China Unicom. Up to 150 billion yuan ($21.8 billion) in credit will be available to companies that have been invested by the fund, Xinhua said.
China said earlier this month it would invest 1.2 trillion yuan ($.17 trillion)between 2016 and 2018 to develop information infrastructure.
Source: Arab News
GMT 09:54 2018 Tuesday ,23 January
Davos-bound bosses very upbeat on world economyGMT 09:37 2018 Tuesday ,23 January
Former KPMG executives charged in accounting oversight scamGMT 22:49 2018 Sunday ,21 January
Brexit special trade agreement possibleGMT 22:46 2018 Saturday ,20 January
China economy rebounds in 2017 with 6.9% growthGMT 22:37 2018 Saturday ,20 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 19:58 2018 Saturday ,20 January
Watchmakers hope to make Chinese market tickGMT 19:54 2018 Saturday ,20 January
US shutdown unlikely to harm debt rating: FitchGMT 19:50 2018 Saturday ,20 January
EU's Moscovici slams Ireland, Netherlands as tax 'black holes'
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 15:46 2017 Saturday ,06 May
Saudi Foreign Minister visits US Congress
GMT 05:04 2024 Tuesday ,06 February
Skincare PR Performance Full Year 2017
GMT 19:57 2018 Tuesday ,23 January
Farm-fresh from Kerala to the UAE, in just one day
GMT 10:08 2018 Wednesday ,24 January
Microsoft to open 4 data centres
GMT 05:17 2024 Wednesday ,07 February
Amazon to open first cashierless shop
GMT 09:25 2017 Wednesday ,22 February
Drug shortages and malnutrition in Mosul
GMT 05:25 2017 Wednesday ,07 June
Most UAE employees bet on a wage hike this year. Do you?
GMT 10:50 2018 Friday ,19 January
Last three years hottest on record: UN
GMT 20:04 2018 Thursday ,18 January
Trump 'desperate' to undermine nuclear
GMT 18:27 2013 Thursday ,24 October
Researchers used MacBook to prove Goedel\'s God theoremGMT 14:28 2012 Tuesday ,08 May
EU wary of climate change fund
GMT 07:39 2017 Saturday ,06 May
Eradicating poverty and promoting prosperity tops
GMT 10:41 2015 Thursday ,10 September
India Muslim leader warns of unrest over cow protection push
GMT 23:07 2017 Friday ,04 August
Saif Bin Zayed attends wedding ceremony in Al Ain
GMT 04:15 2017 Tuesday ,24 January
Capital offers chance to meet up people and learn different languagesGMT 21:33 2011 Saturday ,31 December
Hugo
GMT 23:42 2016 Thursday ,27 October
NZ's Oceans, Marine Life at Risk
GMT 08:03 2016 Friday ,30 December
What do the Israelis and Palestinians want
GMT 23:50 2017 Friday ,26 May
Iraqi security expert reveals number of ISIS elements in Mousl
GMT 05:54 2017 Saturday ,20 May
Young Nigerian man drowned in UAQ beach
GMT 11:45 2017 Sunday ,12 March
Scientists grow potato under Mars-like conditions in Peru
GMT 12:23 2017 Sunday ,08 January
Massive tanker bomb kills 48 in Syria border town
GMT 22:33 2017 Wednesday ,18 January
Cycling enthusiasts residing in Nakheel’s communities will soon
GMT 01:33 2017 Sunday ,28 May
ADFD funds Dh5.7 billion Jordan projects in 2016
GMT 07:50 2017 Monday ,06 November
Saudi deputy governor and 7 others killed
GMT 07:39 2017 Wednesday ,25 October
The Arabian Gulf University Honours nurses
GMT 15:34 2015 Sunday ,12 April
Archie Panjabi, Ciaran Hinds, Anna Chancellor join BBC's 'Shetland'
GMT 22:19 2018 Monday ,08 January
Greek court temporarily freezes asylum to Turkish soldier
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor