UAE economy on track towards recovery in 2021

Dubai: The UAE economy performed better than expected in 2020 despite the current global challenges brought about by the COVID-19 pandemic, said Abdulla Bin Touq Al Marri, UAE Minister of Economy, following the issuance of the preliminary results of the country’s economic performance by the Federal Competitiveness and Statistics Centre. The results highlight the effectiveness […]

China’s factory activity growth slows on supply bottlenecks, soft demand

Beijing: China’s factory activity expanded at a slower-than-expected pace in April as supply and transport bottlenecks weighed on production and overseas demand lost momentum. The official manufacturing Purchasing Manager’s Index (PMI) fell to 51.1 in April from 51.9 in March, data from the national Bureau of Statistics (NBS) showed on Friday. It remained above the 50-point […]

India’s Serum Institute plans to start vaccine production outside India

Mumbai: The Serum Institute of India, which manufactures the AstraZeneca COVID-19 vaccine, is planning to start vaccine production in other countries as it struggles to meet supply commitments, its chief executive officer told The Times. “There’s going to be an announcement in the next few days,” Adar Poonawalla was quoted as saying by the newspaper in […]