For years now China has been the world’s manufacturing powerhouse, leveraging its cheap labour and much else to dominate global trade in general and developing country exports in particular. But, of late, talk that China has reached the Lewis turning point, when it runs out of access to a cheap labour reserve at a near constant real wage has gained… Read more →
BAHRAIN’S business leaders have been taking advantage of a host of networking opportunities in a pioneering corporate event held at this weekend’s Gulf Air Bahrain Grand Prix. The Business in Formula 1 event, now in its second year, aims to give local companies and their executive management teams a chance to gain access to the international business community that revolves… Read more →
The impressive gain by rural households in spite of the favouritism towards non-primary activities appears real The Indian economy has moved on a high growth path since the mid-1980s. After a blip in growth between 1990-92, liberalisation, initiated for aligning the Indian economy with the world in 1991, not only put the economy back on a higher growth path but… Read more →
SHANGHAI: The China Banking Regulatory Commission (CBRC) has said it will conduct regional and national stress tests after banks saw a spike in bad loans last year, the Shanghai Securities News reported yesterday, reflecting growing concerns over credit risk. “All (CBRC) offices, supervisory departments, must organise stress tests of banking institutions in a timely manner so as to analyse the… Read more →
Dubai: Qatar’s economic growth accelerated to 6.5 per cent in 2013 as a pick-up in construction and inflows of foreign workers ahead of the 2022 soccer World Cup offset easing oil production, data showed on Wednesday. Analysts polled by Reuters in January had expected growth to slow to 5.7 per cent in 2013 and 5.5 per cent this year from… Read more →
Dubai: Recruitment activity in the UAE and the rest of the Middle East region looks set to pick up this year, with the majority of employers planning to increase their headcount in the coming months. The latest Hiring Outlook survey by Naukrigulf, which questioned over 230 recruiters across the Middle East, found that six out of ten (61 per cent)… Read more →
For all the factors that need to be considered, time is one element that is a constant that we know will pass and can be planned around In last month’s column I covered how to plan for your children’s education. This month I will focus on an equally important subject — your retirement. Most people look forward to their retirement,… Read more →
MANAMA: Bahrain is set to host the largest gathering of financial technology professionals in the Middle East and North Africa (Mena) region at a major exhibition and conference. The first edition of the Arabian Banking Technology Exhibition and Conference (ABTEC 2014) opens its doors on Tuesday and Wednesday at the Bahrain International Exhibition and Convention Centre. Launched by Ebtikar Association,… Read more →
MANAMA: Surprise strong economic growth has been revealed by Bahrain’s Central Informatics Organisation (CIO). This was mainly driven by rise in oil and natural gas output, which contributed more than 53 per cent to the growth rate achieved at fixed prices. According to preliminary findings by the CIO’s general administration of statistics, high rates of real economic growth (in fixed… Read more →
A 14-year-old student claims to have found a way of saving the US government $400 million dollars (£240 million) — simply by changing the font they use for official documents. Suvir Mirchandani calculated that if the government chose Garamond font instead of Times New Roman, it would use 25 per cent less ink because each character is lighter and thinner…. Read more →
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