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Business 11 May 2021 | 7:00 AM

Pressure on exporters may mount in second half

ZHEJIANG: Chinese foreign trade enterprises may face surging pressure in the second half of this year, due to increasing commodity prices, skyrocketing shipping costs and a fluctuating foreign exchange rate, industry experts said.

Business 04 May 2021 | 7:00 AM

UAE economy down 6.1% last year amid pandemic

DUBAI: The United Arab Emirates’ (UAE) economy shrank 6.1% last year, the country’s statistics centre said on Sunday citing preliminary data, as the coronavirus crisis hit several key sectors.