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Saudi steel makers hit by foreign competition

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 Insights

13-Nov-18 Steel producers in Saudi Arabia are producing at half their output capacity due to foreign competition, with nearly 55% of domestic steel demand in Saudi met by imports, mostly from China. [image: Projects Mena]

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American Express secures payments license in China

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12-Nov-18 American Express has been granted preparatory approval from the People’s Bank of China for a clearing and settlement license in mainland China. Amex can begin building a network business to process domestic RMB transactions through its joint-venture in the country. [image: Beyond My Ken / Wikipedia]

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First 737 Max soon to emerge from Boeing’s China plant

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07-Nov-18 American passenger jets will soon be taking off from Boeing’s only manufacturing facility outside of Seattle, which will be up and running in Zhoushan, Zhejiang in China by the end of the 2018. The first will be a 737 Max. [image: Handout / Asia Times]

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