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Qatar World Cup award to kickstart construction
Tuesday, 07 December 2010
Qatar's successful bid to host the 2022 soccer World Cup will speed up its construction programme and boost property prices, with contractors expected to flock to the Gulf state to snap up projects worth billions of dollars, according to Trade Arabia News Service.
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UAE wants single currency for Gulf states
Monday, 06 December 2010
The country’s minister of economy Sultan Al Mansouri was reported saying the heads of state of the six-nation Gulf Cooperation Council (GCC) would discuss the monetary union when they hold their annual summit in Abu Dhabi on Tuesday (Dec7, 2010).
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China the new mecca for luxury car brands
Wednesday, 01 December 2010
Sales of luxury vehicles in China - including luxury cars, SUVs, MPVs and sports cars - from 20 brands almost quadrupled from 2005 to 2009.
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Hong Kong & NZ sign double tax agreement
Wednesday, 01 December 2010
The agreement is a significant addition to New Zealand’s network of double tax agreements with key trading partners and is potentially valuable to businesses and investors from both here and Hong Kong.
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GE to spend US$500 mln on medical business in China
Wednesday, 01 December 2010
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Arab world sees sharp growth in online gaming
Wednesday, 01 December 2010
Steve Tsao, CEO of Tahadi, told Gulf News during the Dubai World Game Expo that the Arab world is the fastest growing markets in the world.
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Australia must end 89-yr ban on NZ apples - WTO
Tuesday, 30 November 2010
WTO judges have rejected the appeal, saying the 89-year-old ban on New Zealand apple imports is illegal.
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UK closer to approving cloned meat for consumers?
Tuesday, 30 November 2010
According to FoodManufacture.co.uk, the hypothetical ruling from the Advisory Committee on Novel Foods and Processes (ACNFP) is significant, given that requests for rulings that yield a positive result usually lead to the licensing of foodstuffs for sale within the UK. The Food Standards Agency (FSA) said its board will meet in December to discuss the committee’s conclusions, before advising ministers.
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UAE's Union Railway appoints consultants for its US$11-bln rail
Monday, 29 November 2010
A joint venture of US firm Parsons and France's Systra has been awarded a project management consultancy contract for the network while Parsons Brinckerhoff, a unit of UK's Balfour Beatty, was awarded a preliminary engineering contract for phases one and two of the project, Richard Bowker was quoted saying.
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International freight vol stops its decline in Oct
Thursday, 25 November 2010
Middle East carriers recorded the strongest growth in international freight for October with an 18% increase in demand.
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Shanghai now world No1 container port?
Wednesday, 24 November 2010
Shanghai Port handled about 24 million TEU from January to October, surpassing Singapore to be the largest port in the world for three consecutive months in a raw, according to the Shipping Gazette citing figures from the Statistical Bureau of Shanghai.
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Natural, synthetic colours compete for space
Wednesday, 24 November 2010
Quoting market experts at RTS resources, the report said the colours market is estimated to be worth USD $1.7 billion (NZD2.2 billion), with natural colours said to make up USD $0.65 billion.
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Dairy futures at NZX off to modest start
Wednesday, 24 November 2010
Kathryn Jaggard, derivatives manager for NZX, said 55 contracts had been traded since the launch of the whole milk powder futures product. The number of trades was meeting expectations.
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Gulfood Dubai attracts 3,800 exhibitors
Wednesday, 24 November 2010
Gulfood, said to be the world’s largest annual food and beverage trade exhibition, has fully sold out four months ahead of the show, organisers were quoted saying in TradeArabia.com.
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Why admit bee pollen imports, farmers want answers
Tuesday, 23 November 2010
John Hartnell, spokesperson of the Federated Farmers, wants MAF to implement improved test methods that guarantee the safety of disease-free pollen imports. Farmers also also demanding that appropriate screening for viruses or fungal spore be conducted for imports.
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NZ cage-free eggs for Singapore, Hong Kong?
Tuesday, 23 November 2010
Masterton-based Henergy is expecting to sell 2000 dozen a week to the two new markets after the paperwork is signed between NZ Food Safety and Asian food authorities.
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New, thinner iPad in the making?
Monday, 22 November 2010
Production may start as early as January, with an introduction to the public by February or March, the report said, quoting Mike Abramsky, an analyst with RBC Capital Markets in Toronto.
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US$418 bln worth of projects in UAE up for grabs
Monday, 22 November 2010
Proleads Global, a UAE-based market research company has reported that nearly 1,300 projects valued at more than USD$418 billion (NZD$536 billion) are under construction in the UAE, with an additional 303 projects worth $143 billion in the design, planning or bidding stage.
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US cracks down on caffeinated alcohol drinks
Thursday, 18 November 2010
The agency has warned four companies that the caffeine added to their malt alcoholic drinks is an “unsafe food additive” and threatened product seizures if appropriate action is not taken. The companies concerned are Charge Beverages Corp, New Century Brewing Co., Phusion Projects and United Brands Company.
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MSC to raise Asia-US freight rates in Dec
Thursday, 18 November 2010
The hikes for containers from Asia to US east coast ports and to US intermodal points moving through or via US east coast ports are: US$640 (NZD$832) per TEU, $800 per FEU and $900 per 40-foot high-cube.
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