INTERNATIONAL.First, the bad news - China's constrained rare earth supplies will be an "irreversible trend" and prices will remain at high levels, according to Zhang Zhong, general manager of Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co. Zhang should know, as his concern is China's leading rare earths producer - the Baatou mine produces more than 95 percent of China's production, while Chinese mines currently account for 97 percent of global supplies. The increase in global demand for rare earth metals has sent prices soaring in world markets. According to the China Nonferrous M
SAUDI ARABIA. New facility will generate opportunities in downstream industries such as building & construction, automotive, electrical, healthcare and appliances.
BAHRAIN. The emphasis of development will likely shift more towards the tradable sector. Sectors of particular promise include knowledge-based services and high value-added manufacturing, according to Dr. Jarmo Kotilaine, Chief Economist at the Bahrain EDB.
UAE. The centre of the global petrochemicals industry is moving from West to East; GCC needs to stay ahead of its competitors by being flexible, sustainable and preparing to enter new markets; Africa is "natural backyard".
INTERNATIONAL. Workers' safety in Bangladesh could be improved if western retailers use NGOs to report on conditions, says Warwick Business School's Professor Michael Mol.
UAE. Saudi Arabia's SABIC clinched the number one spot with net profits of US$6.6 billion and US$90.2 billion in total assets; Qatari companies top the banking, industrials, insurance, transport and retail sectors; The real estate sector is back on track.
UAE. The awards evening was a inspirational gathering, stirring budding entrepreneurs to aspire to brilliance and well-established businesses to expand their horizons, collaborate with the best in the region, and win.
UAE. Manufacturing in 2011 accounted for 16.6% of the total gross output of economic activities, second only to the oil and gas sector which led with 41.7%.
UAE. "Given the energy-intensive nature of Abu Dhabi as well as its competitive business environment, Abu Dhabi-based Senaat is well placed to boost the metals industry worldwide."
UAE. The GCC cable consumption is much larger than North Africa's, and is dominated by power cable and building wire. In 2012, the GCC market reached almost 1.2 million gross cable tonnes, compared with 520,000 tonnes in North Africa.
INTERNATIONAL. Oil exporters maintain healthy non-oil growth, oil importers see moderate recovery; Transition countries need resolute actions to maintain economic stability and promote inclusive growth.
INTERNATIONAL. A currency war is different from any other kind of conventional war in that the object is to kill oneself. The nation that succeeds in inflicting the most damage on its own citizens wins the war. The only real way to win is not to play.
UAE. Stock market indices racing ahead but GDP figures do not support the euphoria and commodity outflows fuel the rally; Is there too much liquidity in the banking system?
INTERNATIONAL. Oil exporters maintain healthy non-oil growth, oil importers see moderate recovery; Transition countries need resolute actions to maintain economic stability and promote inclusive growth.
UAE. The joint venture between Arabtec Saudi Arabia and Greece's Terna has been awarded a contract by Aldara Medical Corporation to build Aldara Hospital and Medical Center, a 105-bed hospital in Riyadh.
UAE. The joint venture between Arabtec Saudi Arabia and Greece's Terna has been awarded a contract by Aldara Medical Corporation to build Aldara Hospital and Medical Center, a 105-bed hospital in Riyadh.
INTERNATIONAL. Nothing new is coming online anytime soon and movement on developing renewable energy resources has been sadly inadequate. The idea that shale reservoirs will lead the US to energy independence will soon enough be recognized as unrealistic hype.
UAE. "There is a substantial amount of debt that is coming due in the next few years, and it will be important to manage pro-actively that process. Information and communication with potential market participants will be a key part of this."
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