What can Western companies do when China’s factory workers start demanding better wages and conditions? Easy — just transfer production to a cheaper country. China’s loss is Vietnam’s gain.The world’s manufacturing powerhouse needs new low-wage workers, which is why the man in the dark suit is talking himself hoarse. “Do not delay,” he calls out [...]

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A high-level delegation of Hong Kong financiers held a seminar for 200 guests in Dubai on Sunday to promote the Chinese special economic zone as a gateway to Shariah-compliant fund-raising and investment in China. Deputy CEO of the Hong Kong Monetary Authority, Eddie Yue said: “Some people have expressed scepticism about a role in Islamic finance for [...]

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Export Development Canada (EDC) today opened a permanent representation in Abu Dhabi to better serve its customers and partners throughout the Cooperation Council for the Arab States of the Gulf (GCC) and Yemen.
Since 2001, trade between Canada and the GCC has grown by 140 per cent, and EDC’s new representation will continue this growth further. [...]

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Wealth … the where & why in 2017 By Barclays Wealth
The following is a special report on a new and unique household wealth index, prepared by Barclays Wealth and the Economist Intelligence Unit (EIU), which predicts how the global distribution of household wealth will change over the next ten years across 50 countries. The report, [...]

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KUALA LUMPUR: Abu Dhabi Commercial Bank’s (ADCB) acquisition of a 25% stake in RHB Capital Bhd is positive for the latter as it can potentially grow its banking franchise in the booming Gulf states, although not quantifiable for now, according to a local research.
Aseambankers Equity Research said the deal could help RHB Cap move up [...]

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Dubai, May 7 (IANS) The United Arab Emirates is likely to introduce a value added tax (VAT) system by early 2009, according to a senior official of Dubai Customs. “Having spent two years studying VAT around the world to ensure that what is proposed for the UAE and the GCC (Gulf Cooperation Council) is best [...]

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TOKYO, May 7 (Xinhua) — Chinese President Hu Jintao and Japanese Prime Minister Yasuo Fukuda agreed Wednesday to establish a mechanism for a regular exchange of visits between leaders of the two countries in an effort to enhance bilateral ties.Hu, who is on a five-day “warm-spring” state visit to Japan, held official talks with Fukuda [...]

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The UAE may relax foreign investment laws to allow 100% international ownership of projects, particularly in the industrial sector, a government minister said on Wednesday. The UAE Minister of Economy Sultan bin Saeed Al Mansouri said there was nothing to be feared from foreign investment, UAE daily Emirates Business 24/7 reported on Thursday.
Speaking at a [...]

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The UAE notched up one of the highest economic growth rates in the world for the last five years, fuelled by a massive drive from banks, construction and real estate as well as traditional contributions from the oil sector, a new report reveals.
According to a study conducted by Global Research, part of Kuwait’s Global Investment [...]

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