A new initiative to encourage Bahraini and expatriate businessmen to reinvest their profits locally was launched to boost the national economy. It aims to encourage the business community to diversify their operations within Bahrain, instead of investing abroad. The Bahrain Asian Traders Committee (BATC) at the Bahrain Chamber of Commerce and Industry (BCCI) is spearheading the initiative, saying it would create more jobs and promise greater returns.CENTRAL ASIA
Afghanistan is in talks with a few UAE companies for gas, solar and hydro projects, as the once war-torn nation seeks $5-6 billion (Dh18-22 billion) in infrastructure projects, the countryís power and water minister said on Sunday. The government is moving fast to close the gaps in infrastructure amid stable macroeconomic indicators, with a reserve of $7 billion in its central bank, and reduce dependence on expensive imports.SOUTH ASIA
In recent years the net number of Indians staying in America illegally has been growing much more than even the number of new illegal Mexico-born immigrants in the country, a recent Pew Research Center report showed this week.
Progress in Cambodia in reducing deaths from tuberculosis could be short-lived as future funding could be in doubt.
As one of the worldís leading metal producers, China is running into a new problem acquiring the mineral ores it needs to churn out stainless steel and aluminum: concern for the environment in Southeast Asia.
Australian businesses are failing to keep up with consumers’ use of smartphones to do everything from researching brands to paying for dinner, PayPal Australia says. The electronic payments company has released its inaugural mCommerce Index, a new biannual report on the state of mobile commerce in Australia.