A chance for Indian-Egyptian cooperation
Egyptian president Abdel-Fatah Al-Sisi expressed how Egypt looks forward to nourish their relationship with India, complementing India’s steps in establishing themselves as a country progressive on both economic and political levels. This comes after the meeting Al-sisi had with Mokhtar Abbas Naqvi, India’s minister of parliamentary and minority’s affairs and the special envoy of India’s […]
Egypt’s president ratifies budget for the new fiscal year
On Thursday 2nd July, Egypt’s President Abdel Fattah El-Sisi ratified the state budget for the fiscal year 2015/2016 following amendments by the Ministry of Finance to slash projected budget deficit, according to Egyptian state TV. The cabinet approved just a day before the draft budget for the 2015/2016 fiscal year, to reduce projected deficit to […]
“Civil Aviation” Announces the Start of Preparations for the Launch of “Emerging Airports Conference and Exhibition
Launched Under the Auspices of Minister of Communication Issa Al-Kandari on October 20 to 21, 2015 The General Manager of the Directorate General of Civil Aviation, Engineer Yousef Sulaiman Al-Fawzan, announced the commencement of preparations for the launch of Emerging Airports Conference and the accompanying exhibition (EACE) – Kuwait 2015 in its fifth session, […]
Indian PM Modi, President Park talk defense, economic ventures partnership
Indian Prime Minister, Narendra Modi arrived in South Korea on Monday, 18th May 2015, in an effort to strengthen the diplomatic ties between the two countries and deepen cooperation in defense sector as they signed seven agreements including on avoidance of double taxation. PM Modi, who had been on a three-nation tour, starting from China […]
Corruption probe expands to SK Innovation
SK Innovation, an energy unit of SK Group, will be the next target for the prosecution’s investigation into the failed “energy diplomacy” of the Lee Myung-bak administration. The Seoul Central District Prosecutors’ Office said Thursday they are looking into allegations that the company offered bribes to ranking government officials in return for business favors. The […]
Korea asked to invest more in mobile patents
Mobile technologies are delivering huge benefits to consumers in Korea, small- and medium-enterprises (SMEs) and the local economy as a whole. However, the government should be more aggressive and invest more in patents. The Boston Consulting Group (BCG) said in its latest analysis that incentivizing technology innovators through strong patent protection and industry-driven licensing is […]
LG Uplus vows to lead 5G, IoT at new Yongsan office
LG Uplus’ new headquarters building in Yongsan, central Seoul. LG Uplus said Sunday it will shore up efforts to develop fifth-generation network and Internet of Things (IoT) technologies at its new headquarters in Yongsan. “LG Uplus has changed from the past when it was busy keeping up with other carriers and has started to achieve […]
China’s Alibaba Committed to Help Empower Small Businesses in India
China’s e-commerce giant Alibaba’s executive chairman Jack Ma committed that would help empower small businesses in India, when he met with Indian Prime Minister Narendra Modi on Monday (March 30, 2015) in New Delhi. Modi also noted “Had a very good meeting with Jack Ma”. Modi reportedly is keen to use the internet to boost […]
Global Use of the Renminbi is to Fall
Use of the renminbi in global payments fell in March. The Chinese currency broke into the top5 most used payments currencies last year, overtaking the Canadian and Australian dollars. But in February, renminbi use dropped to 1.8% of global payments from 2.2%, nudging it back down to 7th in the rankings. Issuance of offshore renminbi […]
Chinese Property Developers Suffer Big Price War
Chinese property developers are forced to sacrifice profits to boost sales, as the downturn in the housing market saddles. Most of the record were listed steady rise in revenue, but sharp declines in profit for many are a symptom of aggressive price-cutting. Agile Property, increased 8% in 2014, but profits sank 11%. Guangzhou R&, profit […]
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