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Business
China’s Manufacturing Continued to Shrink
Manufacturing in China contracted to the lowest points during last 11-month, according to research of influential index by HSBC, a Chinese well-known financial institutions. It was worse than expected HSBC said. The preliminary reading of March was 49.2, against 50.7 in February, and versus expectations of 50.5. Any score…
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Business
China Mobile’s Profit Fell 10% for Capital Expenditure of 4G Service in 2014
The world’s largest mobile network-China Mobile, fell 10 per cent to Rmb109.3bn of its Profits in 2014, partly the result of an ambitious capital expenditure programme of its 4G service. China Mobile boasts 62 per cent of all mobile phone customers in China, its share of mobile data traffic is…
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Central Asia
Interview with Bank of Mongolia’s deputy governor
The Mongolian Republic, the heir of Genghis Khan, who had once ruled over Asia and even part of Europe, has recently been trying to develop natural and human resources. Magazine N’s correspondent in Mongolia, Uyanga Amarmend, has met with the deputy governor of the Bank of Mongolia to interview him…
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Surrender to 80% piracy Microsoft Offer Windows10 free to Steady Chinese Market
Microsoft has decided to offer hundreds of millions of Chinese pirated software users a free upgrade to legitimate copies of the Windows operating system. Piracy has plagued Microsoft’s business in China, where it is estimated that 80 per cent of PCs running Windows are using pirated software. Ironically that has…
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Business
Property Prices Fell in China
Property prices in China fell 5.7 per cent last month, based on official data published by China’s National Bureau of Statistics. It also had deflated at a pace of 5.1 per cent in January, which drop a hint of the world’s second largest economy slowdown. Over the weekend Chinese…
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Business
China’s Economy Faces Slowing Sharper Rate
China’s economy is slowing at a sharper rate than previously expected, according to a series of data out last Tuesday. Experts pointed out that figures for industrial production, retail sales and investment in the first two months of the year were all short of market expectations. It is speculated that…
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Business
China Cut Foreign Investment Restrictions after ‘Two Sessions’
In order to pursue a further open up the market, Chinese government decide to cut the number of industries in which it restricts foreign investment. During time of ‘two sessions’ a new Catalog for Guidance of Industries for Foreign Investment has passed by Chinese State Council, China’s cabinet. It will…
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East Asia
China-Russia power struggle in Central Asian markets
Two of the least developed Central Asian countries, Tajikistan and Kyrgyzstan, have been heavily dependent on Chinese investment lately. But it appears that Chinese investors may be more inclined towards favoring Tajikistan over neighboring Kyrgyzstan. Neither of the countries boast an attractive investment climate. According to the World Bank, out…
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West Asia
Kuwait : Expatriates Visa Fees Up Again
The Ministry of Social Affairs is considering increasing all fees related to issuance of WORK permits, visa renewal and visa transfers for expatriates. Formalities are been finalized with the Fatwa and Legislation Department, and the decision can be implemented without prior approval by the National Assembly. The daily census by…
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The impact of the oil price crisis on E&P plans in the MENA region
Despite recent concerns caused by unpredictable future oil prices, E&P plans and activities in Middle East and North Africa have continued as normal, if not increased. When an industry like oil and gas faces a crisis, obtaining the most up-to-date and accurate information is more crucial than ever for those…
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