| Title | Description |
| Wenzhou to unveil detailed financial plan |
Wenzhou, a city in Zhejiang province, will release details to the public about a test project to reform its financial industry and is rolling out plans to make financial services the city’s chief industry by 2015.
full story |
| Oman to encourage consumer co-operative societies |
The Omani government has launched an awareness campaign to encourage starting consumer co-operative societies and the establishment of other branches in different parts of the Sultanate, Oman Daily Observer has reported. “We need to study the idea of establishing co-operative societies and this in turn will lead to activating the economic and social movement in [...] |
| Saudi to expand Tawaf area |
The Saudi government has launched the expansion project of the Mataf, the area where pilgrims circumambulate the Holy Ka’ba, as part of a new development to expand the Grand Mosque, Saudi Gazette has reported. The project will increase the capacity of the Tawaf area from the current 52,000 pilgrims an hour to 130,000 an hour.
[...] |
| Huijin ups stakes to boost BOC and ICBC |
China’s state-run Central Huijin Investment Co has increased its stake in the Industrial and Commercial Bank of China and the Bank of China this year to bolster support for the lenders, the banks’ statements showed on Friday.
full story |
| Saudi doubles capital of SIDF |
The Saudi government has doubled the capital of the Saudi Industrial Development Fund (SIDF) to SR40bn (.7bn) in an effort to develop the industrial sector in the country, Arab News has reported. “The fund started with a capital of SR500m. During the reign of King Abdullah it was raised to SR20bn in 2005. Now it [...] |
| China?s improved bank regulation hailed |
Improvements to the regulation and supervision of China’s banking system have won plaudits from the International Monetary Fund and World Bank, signaling lenders’ strengthened ability to rein in potentially growing risks.
full story |
| 2012 New York Auto Show debuts with flying car |
The 2012 New York International Auto Show started Friday, showcasing more than 1,000 car varieties, including the world’s first flying car.
full story |
| Dollar gains amid European concerns, upbeat U.S. job data |
The U.S. dollar climbed against major currencies this week as concerns about the European debt crisis again weighed on the euro and upbeat U.S. job data helped restore investors’ confidence in the U.S. economy.
full story |
| Wenzhou set to unveil detailed financial plan |
Wenzhou, a city in Zhejiang province, will release details to the public about a test project to reform its financial industry and is rolling out plans to make financial services the city’s chief industry by 2015.
full story |
| Amount of bad loans may rise: Deloitte |
China’s banks may see a moderate rise in the amount of non-performing loans this year as the property market weakens and economic growth slows, according to a report from Deloitte China.
full story |
