Employees at a chemical fibre plant in Nantong, China. Associated Press
Factory activity in China unexpectedly returned to growth in November for the first time in seven months, as domestic demand picked up on Beijing’s accelerated stimulus measures to steady growth.
Profits at China’s industrial firms grew at the fastest pace in eight months in November, but broad weakness in domestic demand remains a risk for company earnings next year.
Profits at China’s industrial firms rose for the first time in sixth months, suggesting the country’s economic recovery is gaining traction and brightening the outlook for manufacturing investment and jobs.
Raja Al Mazrouei, CEO of Etihad Credit Insurance (ECI), the UAE’s Federal export credit company, praised the success of the 13th Ministerial Conference of the World Trade Organisation (WTO), which took place in Abu Dhabi from 26 February to 1 March 2024. Raja Al Mazrouei said:
The UAE said that its production will remain at 2.912 million bpd until the end of June 2024. Afterwards, in order to support market stability, these additional cut volumes will be reversed gradually subject to market conditions.
The third edition of Investopia (Investopia 2024), held over the course of two days, 28 and 29 February in Abu Dhabi, ended on a high note after