economy

China economy rebounds in 2017 with 6.9% growth

Beijing - Emirates voice

China's economy grew a forecast-beating 6.9 percent in 2017, picking up steam for the first time since 2010 despite its battles against a massive debt and polluting factories, official data showed Thursday. The world's number two economy eclipsed the official target of about 6.5 percent and picked up pace from the 6.7 percent growth seen in 2016, which was theRead more

Watchmakers hope to make Chinese market tick

london - Emirates voice

Watchmakers at the industry's major fair in Geneva this week said they are bringing themselves up to speed in the digital age following China's economic recovery. Through online stores, social networks, and brand new boutiques in China's central cities, manufacturers at the international luxury watchmakers show SIHH are hoping to reach up-and-coming affluent shoppers now that financial signals are positive again inRead more

Strong euro 'source of uncertainty' for ECB

london - Emirates voice

"The recent evolution of the exchange rate is a source of uncertainty which requires monitoring," Bank of France governor and ECB governing council member Francois Villeroy de Galhau told German financial newspaper Boersen-Zeitung. In recent days, the European single currency has climbed above $1.22 -- around 15 dollar cents higher than last January's level. That could be a problem "withRead more

‘Business as usual’ in UAE despite liquidation of UK construction firm Carillion

london - Emirates voice

The collapse of Carillion, the UK's second-largest construction company, is unlikely to significantly impact its interests and the projects in the UAE, according to people familiar with the matter, even as the firm's collapse threatens to significantly impact the UK's economy. The construction firm, which employs 43,000 people globally, including 20,000 in the UK, went into liquidation on Monday afterRead more

Glimmers of hope in Iran economy

Tehran - Emirates voice

Even with President Donald Trump continuing to waive nuclear sanctions, Iran's economy remains hobbled by US restrictions but some diplomats in Tehran remain quietly confident for the future. The real problem in Iran right now, everyone in the international business community agrees, is uncertainty. That was not helped by Trump's announcement on Friday that he would waive nuclear-related sanctions, but only onceRead more

Adnoc chief: global growth to inflate energy demand, putting pressure on producers

Abu Dhabi - Emirates Voice

Forecast growth in the global economy will push up energy consumption beyond the capabilities of any single energy producer over the next two decades, putting pressure on companies to maintain supply, said Dr Sultan Ahmed Al Jaber, Minister of State and group chief executive of state-owned oil major Abu Dhabi National Oil Corporation. Global energy consumption is set to expandRead more

North Town bound road completed

Manama - Emirates Voice

Minister of Works, Municipalities Affairs & Urban Planning Essam bin Abdulla Khalaf toured the site of the Southern Entrance to North Town, where he inspected progress achieved in the project. The minister said that the project aims to connect North Town to the roads network, where the internal roads are to be implemented by the Housing Ministry, while the mainRead more

German industrial output rebounds in November

london - Emirates voice

Industrial production in Germany rebounded in November after two months of decline, official data showed Tuesday, adding to signs of a healthy economy entering the new year. Output from industrial firms increased 3.4 percent month-on-month in November, federal statistics authority Destatis said. Manufacturers reported a 4.3-percent boost to production, with the most powerful increase among makers of capital goods, followedRead more

Bahraini-Indian relations commended

Manama - Emirates Voice

Minister of Foreign Affairs, Shaikh Khalid bin Ahmed bin Mohammed Al Khalifa, received President of the Indian National Congress party, Rahul Gandhi, and the accompanying delegation currently visiting the country. The Foreign Minister congratulated Rahul Gandhi on winning the presidency of the National Congress Party. He praised the progress of the longstanding bilateral relations, which reflects both sides' keennessRead more