Après une absence de plus de vingt ans, le Gabon a rejoint l’Organisation des pays exportateurs de pétrole (OPEP) début juillet.
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The Jordanian authorities have launched a new over-the-counter (OTC) exchange as part of a series of initiatives to boost the competitiveness of the kingdom’s capital markets.
Economic update | Dubai taps into halal tourism
23 Sep 2016
Increased investment – from sharia-compliant accommodation to consumer goods – is helping Dubai position itself as a key player in the rapidly expanding global halal travel industry.
Economic view | Ravi Shankar, President Director, Asia Pacific Fibres; and Chairman, Indonesian Synthetic Fibre Makers Association, on the growth potential of the textile industry
22 Sep 2016
RAVI SHANKAR: Indonesia's upstream segment manufactures significant quantities of two raw materials: polyester and rayon. The two major fibres consumed in the textile industry are polyester and cotton, the latter of which is not currently being produced in Indonesia. Polyester production began in 1980, so we have a sizeable industry in Indonesia, but in the last 20 years capacity has mostly been developed in larger countries such as India and China.
While Mexico’s tourism industry posted significant growth last year, the sector must refocus its efforts on improving awareness of and access to peripheral tourist markets to fuel further expansion. According to the UN World Tourism Organisation, the sector recorded 32.1m international tourist arrivals last year, while the World Travel & Tourism Council (WTTC) reported that tourism directly accounted for 7% of the country’s GDP, with this increasing to 15.1% upon taking indirect contributions into account.
Weaker commodity prices and lower government revenues have prompted Papua New Guinea’s current administration to revise its growth forecast and release a supplementary budget in late August.