People walk near a real estate project in Beijing. Reuters
General Motors (GM) and Ford Motor announced their quarterly sales in China fell, albeit at a slower pace sequentially, as the US automakers were hit by a slowing economy amid the Sino-US trade war.
Growth in China’s new home prices cooled in June as sales shrank for a second month, but building starts and investment quickened, providing a cushion for the slowing economy while Beijing claims some wins in reducing market froth.
Home rental company Airbnb is aiming to raise around $3 billion in its upcoming initial public offering (IPO), people familiar with the matter said, taking advantage of the unexpectedly sharp recovery in its business after the COVID-19 pandemic roiled the travel industry.
Robust earnings from Google-owner Alphabet and Twitter took the S&P 500 and Nasdaq indexes close to record levels on Friday, with data showing the domestic economy slowed lesser than expected in the second quarter providing support.
The non-oil exports and re-exports of Abu Dhabi touched Dhs32.8 billion mark between a period from June to August 2020, showing an upward trend by 62.5 per cent compared to Dhs20.2 billion recorded between March and May this year,
Pakistan has urged the China and ASEAN countries to benefit from the opportunities being offered in Special Economic Zones (SEZs) in the country. Pakistan’s Ambassador to China Moin-ul-Haque while speaking at the Trade and Investment
Breakbulk Middle East, the GCC’s leading breakbulk and project cargo event, has continually played an active role in increasing the participation of women in key areas in the industry.