The jobs market in India is expected to grow 8.3% this year, with recruitment showing signs of recovery in December 2023, according to the latest foundit Annual Trends Report. The report said there had been a 2% growth in hiring during that month, and that the trend was set to continue in key sectors including […]
China’s economy is set to enjoy steady growth in 2024 as domestic demand recovers, aided by macroeconomic policy support and the ongoing upgrading of the country’s industrial sector. That’s the view of some of China’s leading economists, who say consumption will remain the primary driver for growth this year, while the investment outlook is expected […]
Salaries in the UAE are expected to rise by 4.5% this year on the back of strong performance of non-oil sectors, especially real estate, according to a new report from leading recruitment agency Cooper Fitch. Its newly-published ‘Salary Guide UAE 2024’ report said the majority (53%) of firms expected to increase their employees’ salaries in […]
Malaysia’s economy is expected to improve in the next 12 months, with gross domestic product (GDP) set to grow by 4.5% to 5.5% from an estimated 4% in 2023, according to credit rating agency RAM Ratings. At the launch of its Economic Outlook 2024 report, the agency said in a statement that “the economy is […]
India’s GDP growth forecast for the current financial year has been raised from 6.5% to 7%, according to Reserve Bank of India (RBI) Governor Shaktikanta Das. Speaking after the central bank’s monetary policy committee, he said the upgrading of its predictions for GDP comes a week after the India’s growth numbers surprised domestic and global […]
China’s economy is poised for steady growth in 2024 as consumption and the services sector continue to recover, while the country has strengthened the competitiveness of its exports. That’s the view of Wei Jianguo, a former vice-minister of commerce and vice-chairman of the China Center for International Economic Exchanges. He said expects China’s economic momentum […]
India’s government has pledged to create computing capacity that private start-ups and researchers can use to help them exploit artificial intelligence (AI). The country’s minister of state for electronics and information technology, Rajeev Chandrasekhar, said the capacity will be created by the public sector and separately in collaboration with private companies. Work will start on […]
The UAE has launched an ‘Integrated Emission Quantification Tool’, designed to support the tracking of greenhouse gas emissions, air quality pollutants and mitigation efforts. Speaking at the launch, Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, described the Integrated Emission Quantification Tool as “a very important part” of the UAE’s National Monitoring, […]
The Chinese government is to continue to roll-out support in 2024 through its macroeconomic policy, according to delegates at the annual Central Economic Work Conference held recently in Beijing At the conference, Chinese leaders decided the priorities for policy in 2024, based on the economic principle of ‘promoting stability through progress’. Delegates called for intensifying […]
