A global financial watchdog has dropped the UAE from its list of countries at risk of facilitating illicit money flows and other financial crime. The Financial Action Task Force (FATF) has dropped the UAE from its so-called ‘grey list’ of 20-plus nations considered risky. The FATF placed the emirate countries under scrutiny in 2022, when […]
The increasing use of protectionist measures by countries around the globe in the name of environment protection is a serious concern to the Indian government, a senior figure said at the recent WTO Ministerial Conference held in Abu Dhabi. Speaking at a session on sustainable development and policy space for industrialisation, Commerce Secretary Sunil Barthwal […]
Most foreign companies operating in China that took part in a new study said they were optimistic about the growth in the Chinese market, according to the American Chamber of Commerce in South China (AmCham South China), who commissioned the research. Of those companies surveyed, 76% said they planned to reinvest in China in 2024. […]
Small and medium sized enterprises in Malaysia are set to benefit from financing worth RM18 billion (around £3bn) from Malayan Banking Bhd (Maybank) this year. The figure represents an increase of 13% in SME financing, said group chief executive officer for community financial services John Chong, who said the bank released close to RM17 billion […]
The Indian hotel industry is expected to see a 7%-9% growth in revenues in FY2025 with occupancy likely to be the highest in a decade. That’s the view of industry ratings agency ICRA, which said sustained domestic leisure travel, demand from meetings, incentives, conferences and exhibitions (MICE), including weddings and business travel, ICRA said. Spiritual […]
China’s government needs to implement more fiscal and monetary policies to stimulate domestic investment and consumption to improve GDP growth, according to a leading academic. Justin Yifu Lin, dean of Peking University’s Institute of New Structural Economics, said the Chinese economy could see growth in excess of 5% in 2024 and that the nation’s potential […]
The strengthening UAE economy is impacting directly on the recruitment sector, with an increase in demand for staff and salary hikes being paid out across multiple sectors. UAE GDP is expected to grow above 3% in 2024. In its recent guide to UAE salaries, recruitment consultant Cooper Fitch notes that unemployment is down from4.3% in […]
Three out of five Indian finance professionals feel overwhelmed by technology, according to new ACCA research. However, the association’s Global Talent Trends 2024 survey also found that 79% feel that AI will enable them to add more value in the future. And some 80% want more training to help them cope with evolving technology. ACCA […]
China is looking to expand its global network of free trade areas in 2024, following the country’ success in negotiating free trade agreements (FTAs) over the past year. Chinese Vice Commerce Minister Wang Shouwen said that China has already signed 22 FTAs with 29 countries or regions, with the combined trade value accounting for one-third […]
