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HuaweiPakistan and India trade will leap forward a great deal, in the wake of three crucial agreements signed in Islamabad last week. Projections differ, as officials estimate trade will rise to $6billion a year after three years. Business puts it as high as $10 billion a year.
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T he world is going to be inundated with torrents of dollars and euros in the hope that this incessant flood of liquidity will lift the economies of the US and the euro zone out of the morass of low growth, high unemployment, unnerving uncertainties and sagging confidence among consumers and businessmen.
Pakistan has reduced the prices of petrol, diesel, kerosene oil and CNG (compressed natural gas) in a bid to boost the economy.
China’s manufacturing activity shrank for an 11th straight month in September, HSBC said Saturday, adding to pressure on Beijing to provide fresh stimulus to boost the world’s second largest economy.
Spain’s banks would need €59.3 billion ($76.3 billion) in extra capital to ride out a serious economic downturn, an independent audit of the country’s 14 main banks by consultancy Oliver Wyman showed on Friday.
Bollywood, or for that matter, Mollywood (representing Malayalam films) and Tollywood (Telugu and Tamil films), have always had a strong following in the Gulf, where hundreds of thousands of non-resident Indians, or NRIs, and other South Asians have for years flocked cinema halls or rented VCDs/DVDs to enjoy a few hours of entertainment provided by the dream merchants from India.
Spain’s public debt is set to reach 85.3% of gross domestic product in 2012 and 90.5% in 2013, well above previous forecasts, according to figures in a draft budget submitted to parliament on Saturday.
Spain announced a detailed timetable for economic reforms and a tough 2013 budget based primarily on spending cuts on Thursday in what many see as an effort to preempt the likely terms of any international bailout.
In the UAE, markets rebounded as bargain hunters stepped in, but these were lower for the week.
King Koil, the brand leader in the Middle East matress market, has opened a new showroom on Airport Road in Abu Dhabi.
