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Economy

3/23/2017 -  Inflation fears take shine off German consumer morale, AFP
(MENAFN - AFP) Consumers in Germany are more confident about the economy and keen to spend money, but concerned about the impact of inflation on their incomes, a closely-watched survey showed ...
3/23/2017 -  Most Asia markets see recovery after big losses, AFP
(MENAFN - AFP) Most Asian markets edged up and the dollar saw a small recovery on Thursday as investors tracked a bounce in New York, with focus now on a crucial congressional vote on US healthcare ...
3/23/2017 -  China's TBEA, Orascom win offer for Egypt power plant, MENAFN
(MENAFN) China-based TBEA and the Egyptian Orascom have won the tenders for installing transformers' substations and civil works for the 650MW power plant.

The Chinese firm will be awarded a ...
3/23/2017 -  Lebanon's industrial sector value drops by 16pct, MENAFN
(MENAFN) The value of Lebanon's industrial sector declined almost 16 percent between 2011 and 2015 due to the economic slowdown.

Accordingly, the value of the sector fell to USD8.8bn in 2015 ...
3/23/2017 -  Dubai's tourism sector posts 12pct increase in visitor numbers, MENAFN
(MENAFN) Dubai's tourism sector recorded a 12 increase in visitor numbers over the first two months of this year, with more than 3mn people visiting the country.

Among the cited period of the ...
3/23/2017 -  Qatar-Mannai confirms 40pct dividend, MENAFN
(MENAFN) The general assembly meeting of Maanai Corporation has confirmed the board of directors' recommendation to distribute a cash dividend of 40 percent.

Accordingly, over the last 10 ...
3/23/2017 -  China-backed bank approves 13 new members, AFP
(MENAFN - AFP) The China-backed Asian Infrastructure Investment Bank (AIIB) said Thursday it has approved 13 new prospective members including Canada, in a coup for Beijing after Washington failed to ...
3/23/2017 -  S.Korea throws shipbuilder Daewoo new $6 bn lifeline, AFP
(MENAFN - AFP) South Korea offered troubled Daewoo Shipbuilding & Marine Co. a new $6 billion bailout on Thursday, as the giant firm's financial crisis worsens.

Daewoo is the world's largest ...
3/23/2017 -  Australia moves to weaken hate speech laws, Asia Times
(MENAFN - Asia Times) A push by the Australian government to water down controversial hate speech laws has highlighted tensions between freedom of speech and racial harmony in one of the ...
3/22/2017 -  UAE strives to achieve highest standards of sustainability in natural water sources: Rashid bin Fahad, Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI, 22nd March, 2017 (WAM) -- Dr. Rashid bin Ahmed bin Fahad, Minister of State and Chairman of the Board of the Emirates Authority for Standardisation and ...
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