Tuesday 21 October 2014
 
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China

China eyes $817bn sports sector for new economy

China plans to grow its sports sector into a 5-trillion-yuan ($817-billion) industry by 2025 to boost employment and domestic consumption in its "new" economy, the government said on Monday. Under a sweeping reform plan,

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Steel as cheap as cabbage in China

Steel is now almost as cheap by weight as cabbage in China, reports said, as overcapacity is prompting Chinese steel enterprises to cut their prices in order to boost exports. Domestic steel prices in China have fallen for 12 stra

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ME crude hits multi-month highs on China demand

Spot differentials for Middle Eastern crude loading in December have hit multi-month highs on robust demand from Chinaoil. Upper Zakum crude reached its highest for 11 months after Chinaoil bought a record volume of the Abu Dhabi

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237m more air passengers seen in Mideast by 2034

The Middle East region is expected to experience a strong average growth of 4.9 per cent annually in air passenger numbers, adding an extra 237 million passengers a year by 2034, according to a new report. The UAE, Qatar and Saudi Arabi

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Jumeirah spreads wings across China

Jumeirah spreads wings across China Dubai’s Jumeirah Group is to manage three new luxury hotels and resorts that are being built across China. The Jumeirah Haikou Resort is set in an exclusive golf community o

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Rosewood Abu Dhabi receives top honour

Rosewood Abu Dhabi, a luxury hotel in Abu Dhabi, UAE, has become first UAE hotel to receive the Welcome Chinese Gold Certification from the China Tourism Academy (CTA). The certification attests the hotel’s compliance to the highe

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Oil heads for four-year low; hits $88

Brent crude oil fell below $88 a barrel on Monday, its lowest in almost four years, after key Middle East producers signalled they would keep output high even if that meant lower prices. Saudi Arabia has privately told oil market

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Beijing to tap water from thousands of kilometres away

The water coming out of Beijing taps later this month may have travelled more than 1,400 kilometres, transported along a series of canals and pipelines that form part of the world's biggest water transfer project. The $62 bill

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Saudis take lead role in $4.5bn Indian power plant

A Saudi-American-Chinese consortium has proposed to build a coal-fired power plant in the newly created Indian state of Telangana at an investment of nearly $4.5 billion. The consortium is led by Faiz Al-Abideen, a prominent Saudi

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Saudis take lead role in $4.5bn Indian power plant

A Saudi-American-Chinese consortium has proposed to build a coal-fired power plant in the newly created Indian state of Telangana at an investment of nearly $4.5 billion. The consortium is led by Faiz Al-Abideen, a prominent Saudi

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