Madkom seeks access to Western markets
News from Emerging Markets
Russian companies lost 152.5 billion rubles ($2.7 billion) in January, official data showed, in a sign that the country's economic slump is worsening.
People in Turkey have spent more than 35.5 billion Turkish liras ($13.3 billion) on telecommunications last year, up from 32.2 billion Turkish liras ($12.2 billion) in 2013, a report released by Turkey's Information and Communications Technologies Authority on Friday showed.
Addar Chemicals Company, a leading conglomerate in Saudi Arabia, has awarded a $35-million engineering, procurement and construction ( EPC ) contract to Indian group Nuberg Engineering for a chemical plant in Jubail. The turnkey contract for Addar's Greenfield Sulfolane and speciality chemical plant is a major win for Nuberg.
Cabinet chief János Lázár said yesterday that the European Commission could clear an agreement between Hungary and Russia on fuel supply for the upgrade of the Paks nuclear power plant within two weeks. Hungary is looking at an agreement between Russia and Finland regarding nuclear fuel supply as a model for the Paks upgrade, Lázár confirmed.
The dark clouds looming over the global economy have prompted private sector economists to downgrade their forecasts for Singapore's growth and inflation this year.
Jakarta (The Jakarta Post/ANN) - The World Bank (WB) says Indonesia's commitment to opening up the services sector to its Southeast Asian neighbors will largely up its competitiveness and in turn benefit the economy.