Jumeirah Group has announced three new management agreements in China. The Jumeirah Haikou Resort, set in an exclusive golf community on a private island in Hainan; the Jumeirah Wuhan, occupying a prime city centre location near to Hankou; and Jumeirah Nanjing, which will be located in the Hexi new business district. All three are part of mixed-use developments.
Updated 5 Years ago

Davood Keshavarazian, the director of the department for mineral discoveries of the Iranian Ministry of Industry, Mining and Trade, has announced that Iran is the world’s third largest producer of decorative stones. Keshavarazian added that 16.5 million tons of decorative stones were extracted from the country’s mines during the last Iranian calendar year (March 2013-March 2014), the ISNA news agency reported on Tuesday.
Updated 5 Years ago

The development of the metro systems of Iran’s major cities is expected to increase the number of journeys from 880 million to 2.8 billion per year in the next 10 years, according to Iranian Fuel Conservation Company Managing Director Mohammad Mehdi Rahmati. The Oil Ministry development plan, which aims to reduce petrol consumption by 680 million liters, is expected to be studied and further evaluated by the High Council for Economic Affairs, Rahmati said on Tuesday.
Updated 5 Years ago

Shoe designer Edgardo Osorio tells Xu Junqian about the comingseason's craze for fringes and why he always gets invited toweddings. Edgardo Osorio was born in Columbia, raised in Miami, UnitedStates, and received his education at Central St Martins inLondon.
Updated 5 Years ago

Prices of smuggled iPhone 6 and iPhone 6 Plus units plunged in Beijing as Apple Inc and itsChinese partners prepare to deliver authorized handsets on Friday. Many local scalpers' attempt to profit from the month-long availability delay on the Chinesemainland has proven to be a disastrous investment. In Zhongguancun, the largest smartphone marketplace in Beijing, dealers are obviously finding itdifficult to find buyers for the unsold iPhone 6 and Plus models.
Updated 5 Years ago

Hedge funds may drive initial demand of investing A shares through the Shanghai-Hong KongStock Connect, said market professionals. The stock link would immediately attract hedge funds whose access to mainland shares islimited, while overseas mutual funds and pension funds tend to be more cautious and wait beforemaking sure the program is in smooth operation, said Shang Wei, managing director of CITICSecurities international, to chinadaily.com.cn.
Updated 5 Years ago

Food producers from Liaozhong county in Liaoning province have reported a steep rise in ordersfrom Russia as a result of the yearlong ban on Western goods announced in August by Moscow. Russia has imposed the one-year embargo on meat, fish, dairy, fruit and vegetables from theEU, US, Canada, Australia and Norway in retaliation for Western sanctions over Russia's role inthe Ukraine crisis.
Updated 5 Years ago

Online career networking company LinkedIn Corp will be the much-needed catalyst that will speed up the development of China's professional social networking market, said analysts and insiders. With more and more Chinese users using online platforms for social networking and interactions with friends, it is only a matter of time before demand for professional social networking systems like LinkedIn also goes up rapidly, says a recent report published by the Beijing-based Internet consultancy Analysys International. Though the agency does not give any specific figures about the size of this particular market in China, it goes on to say that the market will see "skyrocketing growth" this year.
Updated 5 Years ago

When it comes to analyzing Latin Americans' posts on Twitter, using only the hashtag to measure social sentiment leaves a lot of data out of the picture. That's according to Jorge Mujica, social sentiment project leader for IBM Latin America.
Updated 5 Years ago

Issues related to the oil industry are increasingly weighing on the risk of a potential sovereign debt default in Venezuela, which analysts have suggested is set to rise. The government paid around US$1.56bn to service its global 2014 bond on Wednesday, temporarily banishing investor concerns regarding a possible default.
Updated 5 Years ago