Workers at a pneumatic engineering company in Beijing. Associated Press
Profits at China’s industrial firms grew at the fastest pace in eight months in November, but broad weakness in domestic demand remains a risk for company earnings next year.
Factory activity in China contracted at the fastest pace ever in February, even worse than during the global financial crisis, highlighting the colossal damage from the coronavirus outbreak on the world’s second largest economy.
Factory activity in China unexpectedly returned to growth in November for the first time in seven months, as domestic demand picked up on Beijing’s accelerated stimulus measures to steady growth.
Green investment is the act of forgiving debt held by low-income countries in exchange for an environmentally sustainable project.
Pursuant to the Decree, the Board of Directors of the CBUAE shall be reconstituted by the following members; Abdulrahman Saleh Al Saleh as the Vice Chairman; Jassem Mohammad Buatabah Al Zaabi as Vice Chairman; and Khalid Mohammed Salem Balama as Governor of CBUAE.
The UAE tourism sector performed outstandingly in 2020 despite the impact of the COVID-19 pandemic, revealed by the Ministry of Economy, noting that the sector was among the least affected and fastest to recover around the world.
Dubai’s non-oil foreign trade strongly rebounded from the challenges posed by the global economic repercussions of COVID-19 and the suspension of business activity by countries across the world in the first half of last year to record high growth in 2020.