Category Archives: Economy

INDUSTRIAL PARKS REVIVAL A BOON TO SOUTH AFRICA ECONOMY

POLOKWANE, — The revitalisation of industrial parks across the country has taken centre stage at the Department of Trade and Industry, as South Africa seeks ways to breathe new life into communities that have been …

China to Invest $20 Billion in India in Next Five Years

New Delhi, September 19 (QNA) – China announced Friday that it will try to increase its investment in Indian industrial and infrastructure projects to 20 billion U.S. dollars in the next five years.

The target …

British Pound Jumps after Scotland Rejects Independence

Frankfurt, September 19 (QNA) – The British pound jumped in early trading on Friday after Scotland rejected independence from the United Kingdom in a landmark referendum.

Sterling climbed by almost one percentage point to 1.6525 …

China Opens Gold Market to Foreigners

Shanghai, September 19 (QNA) – Foreigners now have access to China’s gold market after the Shanghai Gold Exchange (SGE) launched its international board, Xinhua News Agency reported.

The yuan-denominated board was opened in the China …

Morocco, Congo Review Maritime Transport Cooperation

Rabat, September 18 (QNA) – Moroccan Minister of Equipment and Transport Aziz Rabbah on Thursday met Martin Mavoungou, the Congolese minister of transport, civil aviation and maritime shipping, currently on a visit to Rabat.

During …

EBRD Cuts Tunisia GDP to 2.9%

Tunis, September 18 (QNA) – The European Bank for Reconstruction and Development (EBRD) cut its 2014 economic forecasts for the Southern and Eastern Mediterranean Region (SEMED).

Tunisia GDP is now seen rising 2.9%, against a …

Jordan PM Meets IMF Mission Chief in Jordan

Amman, September 18 (QNA) – Jordan Prime Minister Abdullah Ensour on Thursday met with the International Monetary Fund (IMF) mission chief Kristina Kostial and the accompanying delegation to Jordan.

The two sides discussed the fifth …