Topic “Featured News” — Exporter Magazine

The government plans to spend close to USD$20 billion on new roads and transport infrastructure over the next five years, and a $36 billion metro system is in the pipeline over the longer term. Qatar is also building an $11 billion airport and a $5.5 billion deepwater seaport, according to Standard Chartered Bank. The air conditioner, independently developed by Gree, mainly uses solar power, using normal electricity only when solar power is inadequate, said Huang Hui, chief engineer of Gree Electric Appliances. According to the State Administration for Industry and Commerce (SAIC), China will have the seventh highest number of registrations with the Madrid System once it files 200 more applications. Owner Rick York of the Ohiwa Oyster Farm said his farm was struck on November 19/20 and hit about a fair amount of stock for next year. The Chinese Academy of Social Sciences also forecast that inflation would remain moderate, with the consumer price index rising 3.3% next year, up a touch from an expected 3.2% this year. The proposed acquisition reportedly fell through amid hesitation by Groupon’s founders. The start-up will decide next year whether to sell shares in a float instead, a source said. The discussions could resume if both sides overcome their differences. Qatar’s successful bid to host the 2022 soccer World Cup will speed up its construction programme and boost property prices, with contractors expected to flock to the Gulf state to snap up projects worth billions of dollars, according to Trade Arabia News Service. The country’s minister of economy Sultan Al Mansouri was reported saying the heads of state of the six-nation Gulf Cooperation Council (GCC) would discuss the monetary union when they hold their annual summit in Abu Dhabi on Tuesday (Dec7, 2010).