World News Directory
-
localnewsdigest.com delivers local news and information about africa, europe, americas, middle east, asia pacific, south asia, united states, china, japan, germany, france, uk, australia, canada, mexico, india, belgium, indonesia, south korea, spain, italy, ghana, south africa, poland, russia, philippines, switzerland, sweden, ireland, austria, vietnam, bangladesh, sudan, new zealand, morocco and local news from around the world
index.php
-
us_directory.php
-
The Greater Johannesburg Metropolitan Areas has a population of over eight million and is one of the 40 largest metropolitan areas in the world. Johannesburg is the economic powerhouse of South Africa, producing 16% of South Africa's gross domestic product, and accounts for 40% of Gauteng's economic activity. In a 2007 survey conducted by Mastercard, Johannesburg ranked 47 out of 50 top cities in the world as a worldwide centre of commerce.
johannesburg_south_africa_news.php
-
The large government presence in the city, both as the capital of the Western Cape and the seat of the National Parliament, has led to increased revenue and growth in industries that serve the government. Cape Town hosts many conferences, particularly in the new Cape Town International Convention Centre, which opened in June 2003. The city has recently enjoyed a booming real estate and construction market, with many people buying summer homes in the city as well as relocating there permanently.
cape_town_south_africa_news.php
-
Other factors include English law being the most important and most used contract law in international business and the multi-cultural infrastructure. Government policies such as low taxes, particularly for foreigners (non-UK domiciled residents do not get taxed on their foreign earnings), a business friendly environment, good transport infrastructure, particularly its aviation industry; and a deregulated economy with little intervention by the government have all contributed to London's economy becoming more service based.
london_england_news.php
-
Education and health, finance and business services, retailing and tourism are the largest employers. The economy of Edinburgh is largely based around the services sector — centred around banking, financial services, higher education, and tourism. Unemployment in Edinburgh is low at 2.2%, which has been consistently below the Scottish average. The remains of Holyrood AbbeyBanking has been a part of the economic life of Edinburgh for over 300 years with the invention of capitalism in the city, with the establishment of the Bank of Scotland by an act of the original Parliament of Scotland in 1695. Their headquarters are on the Mound, overlooking Princes Street.
edinburgh_uk_news.php
-
Manchester’s State of the City Report identifies financial and professional services, life science industries, creative, cultural and media, manufacturing and communications as major activities. The city was ranked in 2007 as the best place or the second best place to do business in the UK, and the eighteenth best in Europe. Manchester has the largest UK office market outside London. Greater Manchester represents over £42 billion of the UK GVA, the third largest of any English county and more than Wales or North East England.
manchester_england_news.php
-
Two of Britain's "big four" banks were founded in Birmingham - Lloyds Bank (now Lloyds TSB) in 1765 and the Midland Bank (now HSBC Bank plc) in 1836 - and today the city employs 108,000 in banking, finance and insurance. In 2007, Cushman & Wakefield stated that Birmingham was the third best place in the United Kingdom to locate a business, and the 21st best in Europe. Tourism is also an increasingly important part of the local economy. With major facilities such as the International Convention Centre and National Exhibition Centre the Birmingham area accounts for 42% of the UK conference and exhibition trade. The city's sporting and cultural venues attract large numbers of visitors.
birmingham_england_news.php
-
Leeds is one of the largest financial centres in England outside the capital. New tertiary industries such as retail, call centres, offices and media have contributed to a high rate of economic growth since the early 1990s. In the late 1990s dot-com bubble, Leeds became one of the key hubs in the emerging new media sector, and companies such as Freeserve, Energis, Sportal, TEAMtalk and Ananova emerged to dominate the UK internet industry. Now, over 33% of the UK's internet traffic is claimed to go through Leeds, making it one of the most important regional internet centres in the UK.
leeds_uk_news.php
-
The New York metropolitan area had an estimated gross metropolitan product of $952.6 billion in 2005, the largest regional economy in the United States. The city's economy accounts for the majority of the economic activity in the states of New York and New Jersey. Many major corporations are headquartered in New York City, including 44 Fortune 500 companies. New York is also unique among American cities for its large number of foreign corporations. One out of ten private sector jobs in the city is with a foreign company.
new_york_city_news.php
-
Chicago was named the fourth most important business center in the world in the MasterCard Worldwide Centers of Commerce Index. Additionally, the Chicago metropolitan area recorded the greatest number of new or expanded corporate facilities in the United States for six of the past seven years. In 2006, Chicago placed 10th on the UBS list of the world's richest cities. Chicago is a major financial center with the second largest central business district in the U.S. The city is the headquarters of the Federal Reserve Bank of Chicago (the Seventh District of the Federal Reserve).
chicago_illinois_il_news.php
-
According to a 2003 report by the Boston Redevelopment Authority, students enrolled in Boston's colleges and universities contribute $4.8 billion annually to the city's economy. Boston also receives the highest amount of annual funding from the National Institutes of Health of all cities in the United States. Tourism comprises a large part of Boston's economy. In 2004 tourists spent $7.9 billion and made the city one of the ten most popular tourist locations in the country. Other important industries include financial services, especially mutual funds and insurance.
boston_massachusetts_ma_news.php
-
More than 16 million visitors came to San Francisco in 2007, injecting nearly $8.2 billion into the economy, both all-time high figures for the city. With a large hotel infrastructure and a world-class facility in the Moscone Center, San Francisco is also among the top-ten North American destinations for conventions and conferences. The legacy of the California Gold Rush turned San Francisco into the principal banking and finance center of the West Coast in the early twentieth century. Montgomery Street in the Financial District became known as the "Wall Street of the West", home to the Federal Reserve Bank of San Francisco and the Wells Fargo corporate headquarters.
san_francisco_california_ca_news.php
-
Los Angeles is also the largest manufacturing center in the United States. The contiguous ports of Los Angeles and Long Beach together comprise the most significant port in North America. They are one of the most important ports in the world, and vital to trade within the Pacific Rim. Other significant industries include media production, finance, telecommunications, law, health medicine, and transportation. Until the mid-1990s, Los Angeles was home to many major financial institutions in the western United States. Mergers meant reporting to headquarters in other cities.
los_angeles_california_ca_news.php
-
The headquarters of AT&T Mobility (formerly Cingular Wireless), the largest mobile phone service provider in the United States, can be found a short distance inside the Perimeter beside Georgia State Route 400. Newell Rubbermaid is one of the most recent companies to relocate to the metro area; in October 2006, it announced plans to move its headquarters to Sandy Springs. Other headquarters for some major companies in Atlanta and around the metro area include Arby's, Chick-Fil-A, Earthlink, Equifax, Georgia-Pacific, Oxford Industries, Southern Company, SunTrust Banks, and Waffle House.
atlanta_georgia_ga_news.php
-
According to the ranking of world cities undertaken by the Globalization and World Cities Study Group & Network (GaWC) and based on the level of presence of global corporate service organizations, Miami is considered a "Gamma World City". Several large companies are headquartered in or around Miami, including but not limited to: Alienware, Arquitectonica, Arrow Air, Bacardi, Benihana, Brightstar Corporation, Burger King, Celebrity Cruises, Carnival Corporation, Carnival Cruise Lines, CompUSA, Crispin Porter + Bogusky, Espírito Santo Financial Group, Fizber.com, Greenberg Traurig, Interval International, Lennar, Norwegian Cruise Lines, Perry Ellis International, RCTV International, Royal Caribbean Cruise Lines, Ryder Systems, Seabourn Cruise Line, Telefónica USA, TeleFutura, Telemundo, Univision, U.S. Century Bank, and World Fuel Services.
miami_florida_fl_news.php
-
Mining, which in Houston is almost entirely exploration and production of oil and gas, accounts for 11% of Houston's GAP; this is down from 21% in 1985. The reduced role of oil and gas in Houston's GAP reflects the rapid growth of other sectors, such as engineering services, health services, and manufacturing. Houston ranks second in employment growth rate and fourth in nominal employment growth among the 10 most populous metro areas in the U.S. The unemployment rate in the city was 3.8% in April 2008, the lowest level in eight years while the job growth rate was 2.8%.
houston_texas_tx_news.php
-
Many other businesses such as law firms, independent contractors (both defense and civilian), nonprofit organizations, lobbying firms, national associations of labor and professional groups, catering, and administrative services companies are directly or indirectly sustained by the federal government. Washington is thought to be relatively immune to downturns in the national economy because the federal government, and those who work with it, continue operations even during economic recessions.
washington_dc_news.php
-
According to a study prepared by PricewaterhouseCoopers, Philadelphia and its surrounding region had the fourth highest GDP among American cities, with a total "city GDP" of $312 billion in 2005. Only New York, Los Angeles and Chicago had higher total economic output levels. The city is home to the Philadelphia Stock Exchange and several Fortune 500 companies, including cable television and internet provider Comcast, insurance companies CIGNA and Lincoln Financial Group, energy company Sunoco, food services company Aramark, Crown Holdings Incorporated, chemical makers Rohm and Haas Company and FMC Corporation, pharmaceutical companies Wyeth and GlaxoSmithKline, Boeing helicopters division, and automotive parts retailer Pep Boys. Early in the 20th Century, it was also home to the pioneering brass era automobile company Biddle.
philadelphia_pa_news.php
-
The corridor is also home to Texas Instruments and regional offices for Alcatel Lucent, AT&T, Ericsson, Fujitsu, Nokia, Rockwell, Sprint, and Verizon, as well as the national offices of CompUSA and Canadian Nortel. In December 2007 Ontario's Research in Motion (RIM), makers of the BlackBerry, announced Irving as the site of its US headquarters.
Dallas is home to twelve of America's largest companies, including: Centex (construction), Texas Instruments, Dean Foods, Southwest Airlines, Tenet Healthcare, Celanese (chemical), Affiliated Computer Systems, Blockbuster, and Holly (oil). Also, on June 27, 2008, AT&T announced plans to relocate its corporate headquarters to Dallas...
dallas_texas_tx_news.php
-
Tokyo is a major international finance center, houses the headquarters of several of the world's largest investment banks and insurance companies, and serves as a hub for Japan's transportation, publishing, and broadcasting industries. During the centralized growth of Japan's economy following World War II, many large firms moved their headquarters from cities such as Osaka (the historical commercial capital) to Tokyo, in an attempt to take advantage of better access to the government. This trend has begun to slow due to ongoing population growth in Tokyo and the high cost of living there.Tokyo was rated by the Economist Intelligence Unit as the most expensive city in the world for 14 years in a row ending in 2006. This analysis is for living a Western corporate executive lifestyle, with items like a detached house and several automobiles.
tokyo_japan_news.php
-
As of 2004, commerce, services and manufacturing have been the three major industries with a respective share of 30%, 26% and 11% of total industry. The per capita income was about ¥3.3 million, 10% higher than that of the Osaka Prefecture. MasterCard Worldwide reported Osaka is 19th ranking city of the world's leading global cities and the instrumental role in driving the global economy. The GDP in the greater Osaka area (Osaka and Kobe) is $341 billion. Osaka has one of the most productive hinterlands in the world, making it a match even for Paris and London. This GDP has kept fairly constant for the past 15 years, when the GDP compared to other cities worldwide was that much larger.
osaka_japan_news.php
-
The accumulation of industry in the prefecture has pushed the prefecture's GDP to over 160 billion US dollars, which is on a par with Hong Kong. Every year, over one million motor vehicles are produced in the prefecture by companies including Toyota, Nissan and Daihatsu. New plants continue to open and businesses in related industries continue to accumulate. Kyushu is known as the Silicon Island as it accounts for approximately 5% of world semiconductor production and approximately 25% of Japanese production. Fukuoka is one of Kyushu's major centers for the production of semiconductors. Major semiconductor manufacturers and venture companies compete against each other. Fukuoka Prefecture is evolving as a center for the design and development of System LSI, which is a growing area due to the growth in mobile phones and digital appliances.
fukuoka_japan_news.php
-
It is an important centre for international finance and trade, with the greatest concentration of corporate headquarters in the Asia-Pacific region, and is known as one of the Four Asian Tigers for its high growth rates and rapid industrialisation between the 1960s and 1990s.
The Hong Kong Stock Exchange is the sixth largest in the world, with a market capitalisation of US$2.97 trillion as of October 2007, and the second highest value of initial public offerings, after London. The currency used in Hong Kong is the Hong Kong dollar, which has been pegged to the US dollar since 1983. Hong Kong is the world's eleventh largest trading entity, with the total value of imports and exports exceeding its gross domestic product. Much of Hong Kong's exports consist of re-exports, which are products made outside of the territory, especially in mainland China, and distributed via Hong Kong.
hong_kong_china_news.php
-
Shanghai has one of the world's busiest ports. In 2005, Shanghai ranked first of the world's busiest ports in terms of cargo throughout, handling a total of 443 million tons of cargo. In terms of container traffic, it just surpassed Hong Kong to become the second busiest port in the world, behind Singapore. Shanghai and Hong Kong are rivaling to be the economic center of the Greater China region. Hong Kong has the advantage of a stronger legal system, international market integration, superior economic freedom, greater banking and service expertise, lower taxes, and a fully-convertible currency. Shanghai has stronger links to both the Chinese interior and the central government, and a stronger base in manufacturing and technology. Shanghai has increased its role in finance, banking, and as a major destination for corporate headquarters, fueling demand for a highly educated and modernized workforce.
shanghai_china_news.php
-
Central banks such as the People's bank of China, the Banking Surveillance Committee of China, the Security Surveillance Committee of China, the Insurance Surveillance Committee of Chian, and other major banking institutions including policy related banks, commercial banks and commercial insurance institutions have established their head office in Beijing.
The 30-odd banking institutions and over 650 domestic and foreign enterprises located in the Banking Street of Beijing are controlling the operation of 90% of the credit funds and 65% of the insurance funds in China. Beijing is the region with the most significant head office economic effect in China. Numerous head offices of nationwide corporations and trade unions are collectively located in Beijing.
beijing_china_news.php
-
Chengdu is also the financial center in west of china with 27 financial institutions, 29 insurance companies and 43 stockjobbers. In the near future, Chengdu will become a new financial center in china. With great number of scientists and specialists, Chengdu is the most important scientific research base in the west of china. Chengdu is home to more than five thousand foreign-funded enterprises, because of tax breaks and other perks offered to companies investing there. Over thirty large multinational corporations, including Motorola, PepsiCo, Coca-Cola, and McDonnell Douglas of the Untied States, chit Tat of Thailand, Bayer and Siemens of Germany, and Toyota and Mitsubishi of Japan, have started operations in Sichuan. Key industries are IT, machinery, metallurgy, pharmaceuticals, chemicals, food and beverage, and building materials.
chengdu_china_news.php
-
In a single day, new construction added approximately 137,000 square meters of usable floor space to satisfy demands for residential, commercial and factory space. Every day, migrants added to the local population more than 1,300 people and the local economy grew by almost ¥100 million ($12 million USD). In order to attract more foreign investment and expertise, the city has invested heavily to improve its infrastructure. The network of roads and railways connecting Chongqing to the rest of China have also been expanded and upgraded to reduce the cost and time of goods transportation - a major deterrent to foreign investment and growth.
chongqoing_china_news.php
-
The clothing industry has provided about three quarters of export earnings, and the gaming, tourism and hospitality industry is estimated to contribute more than 50% of Macau's GDP, and 70% of Macau government revenue. Macau is a founding member of the WTO and has maintained sound economic and trade relations with more than 120 countries and regions, with European Union and Portuguese-speaking countries in particular; Macau is also a member of the IMF. World Bank classifies Macau as a high income economy and the GDP per capita of the region in 2006 was US$28,436. After the Handover in 1999, there has been a rapid rise in the number of mainland visitors due to China's easing of travel restrictions.
macau_china_news.php
-
Its import and export volumes have been first for the last nine consecutive years. It is the second in terms of industrial output. For five consecutive years, its internal revenue within local budget ranks third. It also ranks third in the use of foreign capital. Shenzhen is a major manufacturing centre in China. In the 1990s, Shenzhen was described as, "one highrise a day and one boulevard every three days". The Shenzhen skyline has 13 buildings at over 200 metres tall, including the Shun Hing Square (the 9th tallest building in the world).
Shenzhen is home to some of China's most successful high-tech companies, such as Huawei, Tencent and ZTE. A number of foreign IT companies also have facilities in the city.
shenzhen_china_news.php
-
Manufacturing constituted 26 percent of Singapore's GDP in 2005. The manufacturing industry is well-diversified into electronics, petroleum refining, chemicals, mechanical engineering and biomedical sciences manufacturing. In 2006, Singapore produced about 10 percent of the world's foundry wafer output. Singapore is the busiest port in the world in terms of tonnage shipped. Singapore is the world's fourth largest foreign exchange trading centre after London, New York City and Tokyo. Singapore has been rated as the most business-friendly economy in the world, with thousands of foreign expatriates working in multi-national corporations. The city-state also employs tens of thousands of foreign blue-collared workers around the world.
singapore_city_news.php
-
According to a ranking list (2001) produced by the University of Liverpool, Frankfurt is the richest city in Europe by GDP per capita. After Frankfurt are Karlsruhe, Paris and Munich.
The Mercer Human Resource Consulting Worldwide Quality of Living Survey 2007 ranked Frankfurt at the seventh position of the cities with the highest quality of life worldwide. The only German city that did better was Düsseldorf at number six. Frankfurt is commonly known as "the city of the banks". In 2006, six of the ten major German banks had their headquarters in the city, including the top four (Deutsche Bank, Commerzbank, Dresdner Bank and DZ Bank). Other important banks are ING Diba, KfW, BHF Bank, Bankhaus Metzler, Delbrück Bethmann Maffei, DekaBank, Landesbank Hessen-Thüringen and Frankfurter Sparkasse. More than 300 national and international banks are represented there.
frankfurt_germany_news.php
-
The government and parliament have moved to Berlin and with them have come embassies, agencies of all the German states, party headquarters, and over 200 foundations and professional associations. National and international corporations have also shifted their German headquarters to Berlin. The region of Berlin Brandenburg has the best business promotion policies in Europe. Businesses there receive the highest matching funds for investment purposes and there are special programs designed to support business startups. Both EU and Federal funding is available for the new Federal States. The nearly 15,000 annual graduates of over 14 institutes of higher education provide a driving force behind the employment market.
berlin_germany_news.php
-
The initiative "Neue Soziale Marktwirtschaft (INSM)" (New Social Market Economy) and the "WirtschaftsWoche" (Business Weekly) magazine have awarded Munich the top score in their comparative survey for the third time in June 2006. Munich topped the ranking of the magazine "Capital" in February 2005 for the economic prospects between 2002 and 2011 in sixty German cities. Munich is considered a global city and holds the headquarters of many large companies. Among German cities with more than 500,000 inhabitants purchasing power is highest in Munich (26,648 Euros per inhabitant) as of 2007. In 2006, Munich blue-collar workers enjoyed an average hourly wage of 18.62 Euros (ca. $ 23).
munich_germany_news.php
-
Hamburg is connected by four motorways and is the most important railway junction on the route to Northern Europe. Hamburg has two Airports. The most significant economic basis for Hamburg is the harbour, which ranks 2nd in Europe and 9th worldwide with trans-shipments of 9 million standard container units (TEU) and 115 million tons of goods in 2004.
International trade is also the reason for the large number of consulates in the city. Although situated 90 kilometres up the Elbe, due to its ability to handle sea ships it is considered a sea harbour. Hamburg is also an important location of the civil aerospace industry worldwide. Airbus, which has one of its two assembly plants in Hamburg, and related companies employ over 30,000 people in or near the city.
hamburg_germany_news.php
-
Düsseldorf is also known as the center of the German advertising and fashion industries: in the last few years the city on the Rhine has become one of the top telecommunications centers in Germany. There are 18 internet providers located in the capital of North-Rhine Westphalia. With two of the four big German providers of mobile frequencies, D2 Vodafone and E-Plus, Düsseldorf leads the German mobile phone market. There are also many foreign trading centers in Düsseldorf such as NTT, Ericsson, Nokia and GTS. Many of the internet companies in Düsseldorf have their roots in the world of advertising: there are 400 advertising agencies in Düsseldorf, among them three of the largest in Germany: BBDO Group, Publicis Group and Grey Group.
dusseldorf_germany_news.php
-
The Paris Region is France's premier centre of economic activity: while its population accounted for 18.7% of the total population of metropolitan France in 2005, its GDP was about 28.5% of the same. Activity in the Paris urban area is diverse. Recently the Paris economy has been shifting towards high value-added service industries (finance, IT services, etc.) and high-tech manufacturing (electronics, optics, aerospace, etc). The Paris region's most intense economic activity through the central Hauts-de-Seine département and suburban La Défense business district places Paris' economic centre to the west of the city, in a triangle between the Opéra Garnier, La Défense and the Val de Seine.
paris_france_news.php
-
With 900 foreign-owned companies and 82 headquarters and administrative offices of companies with over 1000 employees, the Lyon region now boasts a density of decision centers higher than that of Barcelona and Manchester. Lyon population is as dense as denmark or finland. in terms of size, it is comparable to the largest german regions. Lyon shares borders with switzerland and italy. Lyon remarkable location at the heart of europe means that lyon is an average of an hour and a half away from all the major european cities, thanks to a high-performance transportation network including air (lyon saint-exupéry airport), road and rail (3 high-speed train stations) links by train, lyon is just 2 hours from paris and the mediterranean sea, an hour and a half from the alps, 2 hours from switzerland (geneva) and 4 hours from italy (turin).
lyon_france_news.php
-
A focal point of industry in Korea, the city is located between China and Japan, the two largest country markets in Asia. With an economic development plan launched in the 1960s as its starting point, Seoul has played a crucial role in the remarkable growth of the Korean economy and advanced rapidly in a number of areas. Today, Seoul boasts a strong financial base, highly efficient logistics, and unparalleled competitiveness in the high-tech IT industry and knowledge industries. Although Seoul accounts for only 0.6 percent of the entire country's land area, it generates 21 percent of Korea's GDP, while 50 percent of Korea's financial assets are concentrated there.
seoul_south_korea_news.php
-
It is ranked fifth in this category and is only surpassed by London, Paris, Frankfurt and Barcelona. Many large Dutch corporations and banks have their headquarters in Amsterdam, including ABN AMRO, Akzo Nobel, Heineken International, ING Group, Ahold, TomTom, Delta Lloyd Group and Philips. KPMG International's global headquarters is located in nearby Amstelveen. Though many small offices are still located on the old canals, companies are increasingly relocating outside the city centre. The Zuidas (English: South Axis) is the new financial and legal hub. The five largest law firms of the Netherlands and Dutch subsidiaries of large consulting firms like Boston Consulting Group and Accenture have their offices here. The World Trade Center Amsterdam stands here.
amsterdam_netherlands_news.php
-
Nearly half of the region's 1.2 million inhabitants live in Rotterdam itself. Its favourable position relative to the Rhein river on the North Sea has made it the largest seaport in the world. In 1998, Rotterdam and its region provided employment for 442,000 people, around 284,000 of whom were based in the city itself. The port, chemical industry, transport and distribution sectors are major employers in Rotterdam, which is home to 23,000 companies, including many foreign companies. Major Dutch companies such as Royal Dutch Shell, Unilever, Nedlloyd and insurance companies such as Nationale Nederlanden and Stad Rotterdam, are based in the city. Culture has become a growth sector in Rotterdam and the selection of the city, together with Oporto, as a European cultural capital in 2002, confirms this development.
rotterdam_netherland_news.php
-
The Toronto Stock Exchange is the world's seventh-largest stock exchange by market capitalization. All of the Big Five banks of Canada are headquartered in Toronto. The city is an important centre for the media, publishing, telecommunications, information technology and film production industries; it is home to Thomson Corporation, CTVglobemedia, Rogers Communications, Alliance Atlantis and Celestica. Other prominent Canadian corporations in Toronto include Four Seasons Hotels, the Hudson's Bay Company and Manulife Financial.
Although much of the region's manufacturing activities take place outside the city limits, Toronto continues to be an important wholesale and distribution point for the industrial sector.
toronto_canada_news.php
-
While manufacturing remains an important sector for the city’s economy, it is being outpaced by the rapid growth of advanced technology sectors. Aerospace, Life Sciences and Information Technology are all major employers in the Montreal area. Montreal’s advanced industries are quickly becoming world leaders in their fields. In 2002, Montreal ranked as the 4th largest centre in North America in terms of aerospace jobs. The Port of Montreal is the largest inland port in the world. As one of the most important ports in Canada, it remains a trans-shipment point for grain, sugar, petroleum products, machinery, and consumer goods. For this reason, Montreal is the railway hub of Canada and has always been an extremely important rail city; it is the eastern terminus of the Canadian Pacific Railway and home to the headquarters of the Canadian National Railway.
montreal_canada_news.php
-
The Port of Vancouver, Canada's largest and most diversified, does more than C$43 billion in trade with over 90 countries annually. Port activities generate $4 billion in gross domestic product and $8.9 billion in economic output. Vancouver is also the headquarters of forest product and mining companies. In recent years, Vancouver has become an increasingly important centre for software development, biotechnology and a vibrant film industry. Vancouver's Central Area has 60% of the region's office space and is home to headquarters of forest products and mining companies as well as branches of national and international banks, accounting and law firms.
vancouver_canada_news.php
-
The largest economic sectors in Sydney, measured by numbers of people employed, include property and business services, retail, manufacturing, and health and community services. Since the 1980s, jobs have moved from manufacturing to the services and information sectors. Sydney provides approximately 25 percent of the country's total GDP.
Sydney is the largest corporate and financial centre in Australia and is also an important financial centre in the Asia Pacific. The Australian Securities Exchange and the Reserve Bank of Australia are located in Sydney, as are the headquarters of 90 banks and more than half of Australia's top companies, and the regional headquarters for around 500 multinational corporations.
sydney_australia_news.php
-
It is home to many other manufacturing industries, along with being a major business and financial centre. In mid-November 2006, the city was host to the G20 summit, amid violent protests. International freight is an important industry. The city's port, Australia's largest, handles more than $75 billion in trade every year and 39% of the nation's container trade.
Melbourne is also a major technology hub, with an ICT industry that employs over 60,000 people (one third of Australia's ICT workforce), has a turnover of $19.8 billion and export revenues of $615 million. Melbourne retains a significant presence of being a financial centre for Asia-Pacific. Two of the big four banks, NAB and ANZ, are headquartered in Melbourne.
melbourne_australia_news.php
-
It is the 10th largest city by population in the European Union and was listed by Mercer Human Resource Consulting as having the 2nd highest quality of living (as of 2008).
Vienna is host to many major international organizations such as the United Nations and OPEC. Vienna lies in the very east of Austria and is close to the Czech Republic, Slovakia and Hungary. In 2001, the city centre was designated a UNESCO World Heritage Site and an Economist Intelligence Unit study of 127 world cities ranked it first equal with Vancouver for the quality of life. Additionally, Vienna is the seat of the UN Commission on International Trade Law's secretariat (UNCITRAL).
vienna_austria_news.php
-
In a 2006 survey of the richest cities in the world, Copenhagen was ranked 9th, and along with the Norwegian capital Oslo the highest gross wages were paid in Copenhagen, but the high taxes mean that wages are reduced after mandatory deduction. Furthermore, Copenhagen has in several surveys been ranked as one of the most expensive cities in the World. In a newly released survey by the Swiss bank UBS AG, the second largest bank in Europe by market capitalisation, Copenhagen had the highest gross wages in the World, and the average wage earner in Copenhagen earned somewhat 40% more than the average person in New York, considering the 14 most prevalent crafts, but when considering the tax level and generel prices, Copenhagen drops down to a 6th place...
copenhagen_denmark_news.php
-
Many multi-national companies have chosen the city as a base for regional headquarters, operations and call centres. Siemens Nixdorf, IBM, Boeing (R&D), Schweppes and Time Warner are among many household names located in Madrid. According to PromoMadrid, a division of the Regional Ministry of Economy and Employment, Madrid is the second most important industrial region in Spain and the undisputed centre for high technology. Foreign Direct Investment in Madrid consistently exceeds 60% of the national total. The Madrid Chamber of Commerce (Camara Madrid) has a number of initiatives aimed toward investment in the city, an example of which, is the SUMA Consulting Service, a free I.T consultancy aimed at advising small to medium sized companies with regards to their I.T infrastructure.
madrid_spain_news.php
-
In recent decades, the city's economy has undergone a process of restructuring and diversification, as industrial production has relocated to the outskirts of the city and the service sector has expanded. However, Barcelona has maintained its position as the principal industrial area in Spain. Major industries include automotives, chemicals and consumer electronics, machinery, metal products, pharmaceuticals and transport materials.
With 5 public universities, 3 private universities, 24 international schools and a wealth of internationally prestigious business schools, the city has a constant supply of skilled and educated workers.
barcelona_spain_news.php
-
Knowledge-based industries such as biotechnology, IT and telecommunications are of particular importance to Stockholm's economy which is also a popular location for holding international conferences. This is thanks to its impressive venues such as the Stockholm City Conference Centre, Stockholm International Fairs and Stockholm Globe Arena, which is capable of hosting anything from corporate gatherings to major sporting events. Office costs in Stockholm are in keeping with many comparable European cities. For example, in a report published in 2002 by one of the real estate advisory company, DTZ, the total office occupancy cost in Stockholm was approximately 54.20 USD per square foot per annum.
stockholm_sweden_news.php
-
In fact, financial and insurance services alone account more than 20 per cent of workers. Other important industries include light industry, machine and textile industries and tourism.
Most Swiss banks have their headquarters in Zurich and there are numerous foreign banks in the greater Zurich region. The Zurich Stock Exchange (SWX Swiss Exchange), established in 1877, is the fourth most prominent stock exchange in the world and the city is the world's largest gold trading centre. In 2000 over 6,500 new companies were founded in the canton of Zurich and currently over 6,000 new dwellings are constructed every year. Ten of the country's 50 largest companies have their head offices in Zurich.
zurich_switzerland_news.php
-
Within the tertiary sector, public administration, healthcare and business services are all important but the city is most noted for its banking and financial services. The concentration of banking and financial institutions in Geneva is much higher than the national average and, according to the Geneva Financial Centre, approximately 40 per cent of the total volume of assets under management in Switzerland and 14 per cent of worldwide cross-border assets under management are directly or indirectly controlled from the city. Geneva's industrial sector is largely focused on value-added activities aimed at international markets and these make up the majority of the city's exports....
geneva_switzerland_news.php
-
Furthermore, according to Milan's provincial government, the province contributes10 per cent of the national GDP and is home to over 45 per cent of businesses in the Lombard region and more than 8 per cent of all businesses in Italy. Milan is home to most international banks and the country's principal stock exchange. It has also seen a rapid increase in internet companies with both domestic and international companies such as Altavista, Arianna, Lycos, Virgilio and Yahoo establishing their Italian operations in Milan. The city is, of course, famous for its fashion houses, with names such as Armani, Versace and Valentino, and these have attracted numerous media and advertising agencies.
milan_italy_news.php
-
Turin is the economic capital of Italy. As with most modern economies, the importance of the service sector has grown considerably in Turin in recent years...The city has built on its strong industrial tradition and has developed a diverse economy. Turin has a long established automotive industry that continues to play an important role in the local economy...Fiat is one of the city's largest employers and several other companies which operate in the components and car design sectors, such as SKF, Dayco, Bertone, Italdesign-Giugiaro and Pininfarina, are resident in Turin... Other industries with a strong presence include electronics, engineering, food, printing and publishing, steel, textiles, and rubber...The city's service sector is flourishing and Turin plays host to prominent...
turin_italy_news.php
-
Other significant industries include banking and financial services, fashion, printing, publishing and national radio and television. As a result of the Government's decentralisation programme, public sector employment in Rome is likely to decrease in the coming years. The city is therefore in the midst of a major investment programme aimed at maximising the possibilities from tourism and encouraging major national and multinational companies to set up operations in the city. Rome benefits from a variety of excellent educational establishments that ensure employers in the Lazio region have access to a skilled and well educated workforce. In fact, according to figures published by Eurostat, the region has the lowest incidence in the country of people who do not hold a post compulsory qualification.
rome_italy_news.php
-
For example, AT&T, Belgacom, Hewlett Packard, IBM, PriceWaterhouse-Coopers, Procter & Gamble, Sony, Toyota and Volkswagen are all based in the city. A large amount of the Brussels economic activity is centred around its tertiary sector and, in particular, the thriving financial market, which is one of the largest in the world. The city has its own stock exchange, created in 1801, and is home to more than 60 foreign banks as well as numerous insurance and leasing companies. The number of call centres in the capital has also been growing, spurred on no doubt by the multilingual nature of the Brussels workforce. The city is also one of Europe's top congresses and conference locations.
brussels_belgium_news.php
-
Throughout the 1990s the region has expanded its economy by pursuing a development strategy that focuses on establishing public and private sector partnerships to encourage business start-ups, inward investment and tourism. The success of this approach has been immense and today the Dublin region has several thriving industries including aviation engineering, financial services, software and IT, printing, pharmaceuticals and tourism.
Financial services have become particularly important to the region since the establishment of Dublin's International Financial Services Centre in 1987. The centre has attracted a number of leading institutions to set up branches in the region offering services ranging from banking and mutual funds management to corporate treasury and captive insurance.
dublin_ireland_news.php
-
An indication of foreign confidence in Bangkok and Thailand generally can be seen in a report published in January 2007 by the Thailand Board of Investment (BOI). The report shows that FDI grew 63% over the previous year, coming largely from the EU, Japan and the USA. Bangkok is a travel hub for the whole Southeast Asian region with numerous international airlines flying to and from the city, most with direct flights from their country of origin. Originally Bangkok International (Don Muang) Airport was the country's main airport and offered daily flights to Europe, North America, Asia and Australia. However in September 2006 Don Muang ceased operation with flights going to the new Suvarnabhumi International Airport.
bangkok_thailand_news.php
-
Despite the relocation of federal government administration to Putrajaya, certain government’s important machineries such Bank Negara Malaysia (Central Bank of Malaysia), Companies Commission of Malaysia and Securities Commission as well as most embassies and diplomatic missions have remained in the city. In short the city remains the economic and business center of the country. In fact the city is a center for finance, insurance, real estate, media and the arts in Malaysia. The infrastructure development in the surrounding areas such as the Kuala Lumpur International Airport at Sepang, the creation of the Multimedia Super Corridor and the expansion of Port Klang further reinforce the economic significance of the city.
kuala_lumpur_malaysia_news.php
-
It generates 45 percent of the country's GDP. Also, the city is, along with Buenos Aires and São Paulo, one of the biggest financial centers of South America. Some international institutions, such as ECLAC (Economic Commission for Latin America and the Caribbean), have their offices in Santiago. In recent years, due to the strong growth and stability of the Chilean economy, many multinational companies have chosen Santiago as the place for their headquarters in the region, like HP, Reuters, JP Morgan, Intel, Coca-Cola, Unilever, Nestlé, Kodak, BHP Billiton, IBM, Motorola, Microsoft, Ford and Yahoo. Chile is one of the most dynamic and promising markets in Latin America. Its strength and attractions are not found in its size, but in the energy and professionalism of its businessmen, the transparency of its regulations and the predictability of its market decisions.
santiago_chile_news.php
-
As so many multinational companies have set up base in Budapest, the city is home to an estimated 15-20,000 expatriate workers from all over the globe making the city truly international. Hungary is converging towards the EU average in terms of living standards and wealth. Living standards in Budapest, as the centre of the country by every possible measure, are converging to the EU average more rapidly and more visibly than in the rest of Hungary. EU funding will release stored up growth in Hungary’s economy. Economists expect the stimulating effect of funding to be similar to the boom experienced in Ireland in the late 1990s.
budapest_hungary_news.php
-
Prague is major transport hub within the Czech Republic. Prague's Ruzyne airport, located approximately 10 kilometers (6.2 miles) outside of the city, is the main international and domestic air-transit junction for the entire country. The airport offers flights to and from over 100 destinations in Europe, the US, Canada and the Near East and catered for approximately 5.6 million passengers in 2000. The city has long been home to a well-developed industrial sector, although its share of the city's economy is decreasing with the expansion of the service sector. Some of the most prominent industries in the city include chemical production, electrical engineering and electronics, food processing and general engineering.
prague_czech_republic_news.php
-
According to a study conducted by PricewaterhouseCoopers, Greater Mexico City (with a population of 19.2 million) had a GDP of $315 billion in 2005 (at purchasing power parity), ranking as the eighth-richest urban agglomeration in the world and the richest in Latin America; in 2020 it is expected to rank seventh with a $608 billion GDP. Mexico City alone would be the 30th largest economy in the world with a higher GDP than countries like Sweden or Switzerland. Mexico City is also one of the largest financial and commercial hubs in Latin America. The Mexican stock exchange (Bolsa Mexicana de Valores) and the country's largest banks and insurers, as well as many international financial services conglomerates for Latin America, are headquartered in the city.
mexico_city_mexico_news.php
-
The city was ranked the 2 to do business in Mexico and in 2005 and currently is ranked as the third best by the América Economía magazine. Most of the major companies in Mexico, which are also large companies in the world, are headquartered in Monterrey. As a result of its strong steel industry, it is often called "the Pittsburgh of Mexico". The city has prominent positions in sectors such as steel, cement, glass, auto parts, and beer. In 1999 Fortune magazine recognized Monterrey as the best city in Latin America in which to do business. The magazine attributes its economic wealth in part to its proximity with the United States-Mexican border and mentions Monterrey as a significant city with economic links to the United States.
monterrey_mexico_news.php
-
In 1987, the Expo Guadalajara Convention Center was opened. Guadalajara has more than 25,000 lodging rooms. The Metropolitan Zone of Guadalajara has several shopping malls; the city is the national leader in development and investment in shopping malls. Many shopping centers have been built, such as Plaza Galerias, one of the largest shopping centers in Latin America. Guadalajara is experiencing fast-growing development, including the construction of new buildings like Torrena that will be the tallest building in Latin America by 2009. Puerta de Hierro has become one of the most important districts in Guadalajara with construction of buildings including Aura Altitude, a project of 42 floors that will be completed in 2008.
guadalajara_mexico_news.php
-
Economic activities in the city account for about 15 percent of national employment and about 17 percent of GDP. Forty percent of national employment in finance and 25 percent of national employment in business services is in the city. The economy of Tel Aviv has developed dramatically over the past decades. The city has been described as a flourishing technological center by Newsweek and a "miniature Los Angeles" by The Economist. Many computer scientists, their numbers increased by immigration from the former Soviet Union since the early 1990s, live and work in Tel Aviv. In 1998, the city was described by Newsweek as one of the top 10 most technologically influential cities in the world. Since then, high-tech industry in the Tel Aviv area has developed even more.
tel_aviv_israel_news.php
-
Mumbai is India's largest city. Mumbai serves as an important economic hub of the country, contributing 10% of all factory employment, 40% of all income tax collections, 60% of all customs duty collections, 20% of all central excise tax collections, 40% of India's foreign trade and 40 billion Rupees (US$ 1 billion) in corporate taxes. Mumbai's per-capita income is Rs.48,954 which is almost three times the national average. Many of India's numerous conglomerates (including State Bank Of India, Tata Group, Godrej and Reliance), and four of the Fortune Global 500 companies are based in Mumbai. Many foreign banks and financial institutions also have branches in this area, the World Trade Centre (Mumbai) being the most prominent one.
mumbai_india_news.php
-
Since the mid 1980s, policies aimed at improving the county’s economy have had a dramatic impact on the city. With land scarce in India’s other main cities, such as Bombay and Calcutta, large amounts of commercial growth took place in New Delhi and several industrial areas have been created and developed by organisations such as the Delhi State Industrial Development Corporation and the Delhi Development Association. Naraina Industrial Area, located in the northern part of New Delhi, is one of the most successful of the city’s industrial estates. It is home to approximately 1200 industrial units manufacturing everything from electronic and engineering goods to plastic goods and clothes.....
new_delhi_india_news.php
-
Many are graduates of Bangalore's more than 100 engineering schools, which is half the number found in the entire USA. All these schools are in private sector and only one is run by the state government. Karnataka was the first state in India to liberalize education in the private sector three decades ago. The Board of Information Technology Education Standards (BITES) that promotes higher education in the state and publishes quality rating of these institutes. In fact one of the reasons why the Information Technology revolution started in Bangalore was the availability of the engineer-ing workforce in the state.
bangalore_india_news.php
-
According to data of IBGE, its Gross domestic product (GDP) in 2005 was R$ 263,177,148,000.00 (US$ 156,280,780,941.00), equivalent to approximately 12.26% of the Brazilian GDP and 36% of all production of goods and services of the State of São Paulo...One of the biggest financial centres of Brazil and the world, São Paulo's economy is going through a deep transformation...Once a city with a strong industrial character, São Paulo's economy has become increasingly based on the tertiary sector, focusing on services and businesses for the country...Many analysts point to São Paulo as an important global city...The São Paulo Stock Exchange (BM&F Bovespa) is Brazil's official stock...
sao_paulo_brazil_news.php
-
Rio de Janeiro is a major commercial and financial center. Numerous corporate headquarters and domestic and foreign banks are located there...An excellent harbor has helped make the city a major port. Tourism is extremely important. Manufacturing is also a significant economic activity...The city was chosen as headquarters for state-owned companies such as Petrobras, Caixa Econômica Federal and Vale do Rio Doce (which was privatized in the 1990s)...After the transfer of the capital to Brasília, in 1960, it kept attracting more companies, especially after the discovery of oil in the Campos Basin, which produces most of the total oil production of Brazil...This made many oil and gas companies to be based in Rio de Janeiro, such as the Brazilian branches of Shell, EBX and Esso.
rio_de_janeiro_brazil_news.php
-
Belo Horizonte is the economic center of its region. Both multinational and Brazilian companies, like Google and Oi, maintain their headquarters in the city...The service sector plays a very important role in the economy of Belo Horizonte, being responsible for 85% of the city's GDP, with the industry making up for most of the remaining 15%...Belo Horizonte has a developed industrial sector, being traditionally a pole of the Brazilian siderurgical and metallurgical industries, as the state of Minas Gerais has always been very rich in minerals, specifically iron ore...Due to both governmental and private funding in the diversification of its economy, the city has become an international reference in Information Technology...
belo_horizonte_brazil_news.php
-
Porto Alegre is the capital of Rio Grande do Sul state and one of the largest and most modern cities in Brazil...Porto Alegre is one of the most important cultural, political and economic centers of Southern Brazil...Porto Alegre held the highest standard of living among all Brazilian capitals for many years and it was the sole Brazilian city listed on Jones Lang LaSalle's World Winning Cities...The city, located on the Guaiba Lake, was founded in 1742 by immigrants from the Azores...In the late 19th century the city received people from other parts of the world, particularly Germany, Poland, and Italy...Located at the junction of five rivers, it has become an important alluvial port as well as one of the chief industrial and commercial centers in Brazil.
porto_alegre_brazil_news.php
-
Lisbon is the economic center of Portugal, producing 45% of the country's gross domestic product and hosting Portugal's Head of State and government seat...Lisbon's economy is based chiefly on the service industry. Headquarters of most multinational companies operating in Portugal can be found in Lisbon...It is a developing technological and financial center and one of the most sophisticated and largest regional markets in the Iberian Peninsula. Shoes, clothing, earthenware, china and textiles are among its leading industries...It has the most developed and largest mass media sector of Portugal and it..
lisbon_portugal_news.php
-
Warsaw is the economic and political capital of Poland. Since the collapse of the Eastern Bloc Warsaw has been the focus of Poland's economic restructuring with most major Polish firms and international investors choosing to locate there...Some of the largest international companies to establish themselves in Warsaw include Coca-Cola Amatil, General Motors, Nestlé and Procter & Gamble...According to figures published by the city's government, Warsaw's economy is largely based on the service sector, which employs more than 70 per cent of the workforce. One of the biggest developments in this sector has been in banking and finance...The city is home to both the National Bank of Poland and Warsaw Stock Exchange, which reopened in 1991 after being closed down some 50 years earlier.
warsaw_poland_news.php
-
Moscow is the economic, political and scientific centre of Russia. Its economy is based on an industrial and scientific potential...There are many large enterprises of ferrous and nonferrous metallurgy, machinery, metalworking, production of building materials, light industry, food processing, defense industry, etc...The biggest machine and aircraft building plants, car factories, textile manufactures and enterprises of town development are situated in Moscow...Moscow accounts for 1/3 of the country’s total budget, yet occupying less than 1% of its territory. The city is responsible for 30% of the country’s retail trade and 15% of the GDP...In 2005, the volume of foreign investment in Moscow reached an impressive total of $25.2 billion, which is 47% of the aggregate foreign investment in Russia.
moscow_russia_news.php
-
St Petersburg is the economic center of Russia. The city's specialty is the oil and gas trade as well as shipbuilding, heavy machinery and transport...According to City Government "Over the last few years in St. Petersburg there has been created a developed infrastructure of the regional financial market in Russia, which is the second largest after Moscow"...Figures published by Doing Business in St Petersburg (the SME Business Portal) show that in 2006 the workforce was just short of 2.5 million...St Petersburg is home to a large number of universities, academies and institutes of higher education, ensuring a steady flow of highly skilled workers into the St Petersburg economy...With the city being a main transport zone, with a network of public transportations...
st._petersburg_russia_news.php
-
Taipei is the centre of economic development in Taiwan and is one of the global cities in the production of high technology and its components...This is part of the Taiwan miracle which has seen dramatic growth in the city following foreign direct investment in the 1960s. Taiwan is now a creditor economy, holding one of the world's largest foreign exchange reserves of more than $500 billion (100 G$) in 1999...Despite the Asian financial crisis, the economy continues to expand at about 5% per year, with virtually full employment and low inflation...Taipei have long been the foremost industrial area of Taiwan. Most of the country's important factories producing textiles and wearing apparel are located there. Tourism is also a significant component of the local economy.
taipei_taiwan_news.php
-
Athens is the centre of economics, political and cultural life in Greece. Also, the city is becoming a leading business centre of Europe. Modern Athens is a large and cosmopolitan city...Ancient Athens was a powerful city-state and renowned center of learning. It was named after its goddess from ancient Greek mythology, Athena...Athens has often been called the cradle of Western civilization due to its cultural achievements during the 4th and 5th centuries BC, which has left it with many ancient buildings, monuments and artworks, the most famous being the Acropolis, which is widely regarded as one of the finest examples of Classical Greek art and architecture...Many of these cultural attractions were renovated for the 2004 Olympic Games...Greater Athens, which includes the port of Piraeus
athens_greece_news.php
-
Bogotá is the capital and economic and service center of Colombia. Colombia’s relative stability, a well-educated labor force, increasingly reliable infrastructure, and strategic regional location, as well as Bogota’s solid political leadership and professional municipal management have contributed to the City’s considerable growth over the last decade...With a population of about 6.7 million residents (16% of the Nation’s total), the Capital District of Bogotá is the economic engine of Colombia, with a GDP of US$19.2B in 2005, or 22%percent of national GDP...The City’s per capita GDP is over 140% of the national average and the quality of life index in Bogotá (88%) is much higher compared to the rest of the country(73%).
bogota_columbia_news.php
-
Medellín is a leading economic center in Colombia. Medellín is led by a powerful group of people from the private sector known as the Grupo Empresarial Antioqueño (Antioquian Enterprises Group)...The senior executives are David Bojanini; who leads Suramericana de Seguros (an insurance conglomerate), Carlos Piedrahita; with the Compañía Nacional de Chocolates (Food industry), José Alberto Velez; Cementos Argos (a multinational cement company) and Jorge Londoño; leading Bancolombia, (Colombia's largest bank)...Together they consolidated this group that has an aggregate market capitalization of approximately US$17 billion dollars and who employ more than 80,000 Colombians...This group also...
medellin_columbia_news.php
-
Buenos Aires is the economic center of Argentina. The city accounts for about 60% of GDP and 80% of Argentina’s industrial production...The economy has grown by 31.4% since the first quarter of 2002 and 8% in September 2006. GDP is increasing steadily, in 2005 and 2004 it grew by 9% annually compared to 2003 with an 8% growth...The economic growth is the highest in Latin America and one of the highest in the world for the period 2003 to the first quarter of 2005...Last year the state cleared the 50 year old debt of $9 billion to the IMF (International Monetary Fund)...This has resulted in high fiscal surplus – estimated 3.5% of the GDP. Inflation is forecasted to drop by approximately 2% by 2007.Domestic and International tourism has grown +16.6% for the second quarter of 2006.
buenos_aires_argentina_news.php
-
Istanbul is the economic capital of Turkey. In 2005 the City of Istanbul had a GDP of $133 billion. In 2005 companies based in Istanbul made exports worth $41,397,000,000 and imports worth $69,883,000,000; which corresponded to 56.6% and 60.2% of Turkey's exports and imports, respectively, in that year...According to Forbes magazine, Istanbul had a total of 35 billionaires as of March 2008 (up from 25 in 2007), ranking 4th in the world...
Istanbul has always been the financial capital of Turkey and the opening of specific markets in the city during the 1980s further strengthened this status...Inaugurated at the beginning of 1986, the Istanbul Stock Exchange (ISE) is the sole securities market of Turkey, established to provide trading in equities, right coupons, Government bonds...
istanbul_turkey_news.php
-
Jakarta is the financial center of Indonesia, and it is the biggest port of entry to other parts of Indonesia. It is a metropolitan city which reflects the economic, political, social and industrial development of the nation...Jakarta accounts for roughly one-fourth of Indonesia's trade and services and two-thirds of its banking and financial sectors...This enormous and vibrant city actually has quite humble roots, starting life as a small harbour town called Sunda Kelapa, which is located at the mouth of the Ciliwung River. Sunda Kelapa is still the name for the old port in the north of the city that hasn’t changed for centuries...Jakarta was officially founded on June 22, 527 under the name of Jayakarta, the city has undergone a number of name changes, invasions and improvements.
jakarta_indonesia_news.php
-
Riyadh is the economic capital of the Saudi nation. Since Riyadh became the political capital of the kingdom of Saudi-Arabia in 1932 the city has developed from a comperatively small traditional town to a modern metropolis in only a few decades...The name Riyadh originated from the Arabic word 'rawdha' which is a plural form...'Rawdha' is the place where you can find beautiful gardens and trees. Once upon a time in Riyadh there were water courses which has now turned dry. But since ages Riyadh is known for its fertile land situated in the heart of the Arabian Peninsula...The History of Riyadh says that since historic times, the city was splited up into 17 branch municipalities which was ruled under the Riyadh Municipality and the Development Authority. The Riyadh Municipality and the Riyadh Development Authority is moderated by Prince Salman Bin Abdul Aziz...
riyadh_saudi_arabia_news.php
-
Jeddah is the commercial capital of Saudi Arabia. Its the host city for Opec's emergency talks. It is also a key regional centre: the capital cities of North Africa and the Middle East are all within two hours' flying distance...Jeddah's proximity to the holiest sites in Islam - Mecca is 70 kilometres inland, and Medina lies to the north - has helped its growth as a commercial centre...One million pilgrims pass through Jeddah during the annual Hajj to Mecca. The city's airport, King Abdul Aziz International, is one of the busiest in the world, and includes a Hajj terminal which can accommodate 80,000 pilgrims...The navigable gap in the Red Sea reef that enabled pilgrims to travel to Mecca by sea became a trading post for rices, spices, silks, precious metals and perfumes.
jeddah_saudi_arabia_news.php
-
Dubai is the center of economic development in the United Arab Emirates. Its economy was built on the back of the oil industry, which developed rapidly after oil was first struck in the mid 1960s...Since then Dubai has developed a diverse economy and by 2000 the oil sector accounted for just 10 per cent of Dubai's GDP...The city now has thriving manufacturing, finance, information technology and tourism sectors and is home to numerous multinational companies such as AT&T, General Motors, Heinz, IBM, Shell, and Sony...Figures published by the Dubai Development and Investment Authority show that Dubai's GDP totalled $16.4 billion US in 2000...The manufacturing sector in Dubai is very healthy with some of the most important industries including beverages, chemicals, paper, pharmaceuticals and rubber.
dubai_united_arab_emirates_news.php
-
Cairo is the economic center of Egypt, with two-thirds of the country's gross national product generated in the greater metropolitan area...Industrialization, which began in the nineteenth century, grew rapidly following the 1952 revolution and revolved primarily around textiles and food processing...Other industries include iron and steel production and consumer goods. Today the majority of Cairo's work force is employed in service sector jobs, especially in government, financial services, and commerce...The tourism industry is a major source of revenue for the country, along with weapons sales, petroleum, and Suez Canal tariffs...Government agricultural subsidies, cheap public transportation, and low-cost medical care has kept Cairo's cost of living relatively low.
cairo_egypt_news.php
-
Manila is the economic capital of the Philippines. Trade flourishes within the metropolitan area and between the city and the provinces and other countries...Most of the Philippines' imports and exports pass through the port of Manila...Financial institutions headquartered in Manila include such establishments as the Development Bank of the Philippines, the Philippine National Bank, the Philippine Veterans Bank, the Government Service Insurance System, the Social Security System, and many private commercial and developmental banks...Private insurance companies and the Manila Stock Exchange also contribute to the mobilization of savings for investment...Manila is the second most populous city in the Philippines, with more than 1.8 million inhabitants.
manila_philippines_news.php
-
Central Beirut is the financial district of Lebanon. Lebanon's free market economy ensures total freedom of exchange, and free transfer of capital, interest and dividends with no restrictions or controls...The National Institute for Investment Guarantees (NIIG) was created to attract foreign investors...To encourage industrial investments in Lebanon, the government joined the Multilateral Investment Guarantee Agency, which insures investors against transfer and expropriation risks...In the continuing effort to attract industries, the Lebanese Central Bank has begun a new initiative to subsidize interest on industrial loans.
Loan guarantees for export are also available through IAIGC (Arab countries), COFACE (France), HERMES (Germany), ECGD (UK), OPIC, Import-Export Bank (US), SACE...
beirut_lebanon_news.php
-
Caracas is the economic capital of Venezuela. Venezuela is a highly urbanized country; its modern, sprawling capital of 4 million has one of the most dramatic settings among South American cities...Venezuela economy is highly dependent on oil revenues, which account for roughly 90 percent of export earnings, more than 50 percent of the federal budget revenues, and around 30 percent of GDP...With 77 billion barrels of proven oil reserves, Venezuela ranks as the fifth-largest oil exporter in the world and the fourth-largest supplier of oil to the United States. Venezuela’s oil wealth is administered by the state oil company PDVSA...Commercial links between the two countries are strong.
caracas_venezuela_news.php
-
Lahore is the commercial center of Pakistan. As of 2005, the city's gross domestic product (GDP) by purchasing power parity (PPP) is estimated at $28 billion with an average growth rate of 5.9 percent, ranked 122nd in the world...This makes Lahore's GDP to equal 51% of Karachi's, in line with it having 51% of the population of Karachi. Thus the contribution of Lahore to the national economy comes up to 13%...Which is 51% of the figure of Karachi contributing 25% of Pakistan's total GDP. Central to Lahore's economy is the Lahore Stock Exchange (LSE), Pakistan's second largest stock exchange...Lahore has offices of all Pakistani government corporations including the Water and Power Development Authority (WAPDA) and the Water and Sewage Authority (WASA).
lahore_pakistan_news.php
-
Karachi is the financial capital of Pakistan. Karachi generates over 65% of the total national revenue (federal and provincial taxes, customs and surcharges), Although a larger part of this amount account for as indirect tax contribution...Karachi produces about 42 percent of value added in large scale manufacturing and 25% of the GDP of Pakistan. In February 2007, the World Bank identified Karachi as the most business-friendly city in...Karachi is the nerve centre of Pakistan's economy. Karachi claims highest per capita income in South Asia, with a GDP per capita greater than $8,000. Most of Pakistan's public and private banks are headquartered on Karachi's I.I. Chundrigar Road, while most major foreign multinational corporations operating in Pakistan have their headquarters in Karachi.
karachi_pakistan_news.php
-
Helsinki is the economic capital of Finland. The Uusimaa Region is attracting significant foreign investment. In fact, the Region is home to two thirds of the foreign companies operating in Finland...Like other modern cities, Helsinki's economy is dominated by the service sector which, according to the city's urban facts office, employs over 80 per cent of the workforce...Within the service sector wholesale trade, finance and insurance services, and information-intensive business services are the most prominent. Some of the principal manufacturing goods produced in the city include alcohol, china, chemicals, metal goods, paper and textiles...The region around Helsinki provides businesses in the area with access to a youthful and well-educated workforce. According to the Uusimaa Regional Council....
helsinki_finland_news.php
-
Auckland is the economic and financial hub of New Zealand, accounting for about one-third of the nation's GDP. The Auckland region is expected to lead the nation's population growth...According to the city government, growth of the city's economy was 4.6 per cent during the year ending March 2002, outstripping both the regional and national growth rates during this period...Since then, the city's economy has continued to perform well with growth averaging approximately 5 per cent up to December 2002...According to the Business Demographic Survey produced by Statistics New Zealand, property and business services are some of the city's most important industries accounting for approximately 28 per cent of the economy...Many business and financial firms have been attracted...
auckland_new_zealand_news.php
-
Oslo is the economic capital of Norway. The Oslo region has a diverse and dynamic economy with one of the highest regional GDPs in Europe...Figures published by the regional development agency for Oslo show that GDP per capita in the region was €44,190 in 2000, compared to an EU average of approximately €20,000...According to a report produced by the city's Chief Commissioner's Department and the Department of Finances and Development, the service sector dominates employment in Oslo...In 2001, Public and Business services accounted for more than 59 per cent of jobs. Other major employment areas within the service sector include trade, hotels and catering, banking and...
oslo_norway_news.php
-
Lagos is the economic capital of Nigeria. Over 60% of Nigeria industrial and commercial establishments are based in Lagos...Lagos accounts for 90% of Nigeria's total foreign trade, including 80% of the total imports and 70% of industrial investments...With a population of over 13 million, Lagos is classified as one of the Megapolis of the world, and certainly one of the metropolitans equal to the size of Sao Paulo of Brazil, Bangkok of Thailand...Lagos is the home of over 250 financial institutions and 95% of Nigeria banks and most multinational corporations operating in Nigeria have set up their headquarters in Lagos...Lagos was Nigeria's capital until 1991, when the seat of federal government was moved to Abuja.
lagos_nigeria_news.php
-
Nairobi is the economic center of Kenya. Nairobi is home to the Nairobi Stock Exchange (NSE), one of Africa's largest...The NSE was officially recognised as an overseas stock exchange by the London Stock Exchange in 1953...The exchange is Africa's 4th largest (in terms of trading volumes) and 5th (in terms of Market Capitalization as a percentage of GDP)...Nairobi is the regional headquarters of several international companies and organizations...This makes it one of the most influential cities in Africa. In 2007 alone, General Electric, Young & Rubicam, Google, Coca Cola and Celtel relocated their African headquarters to the city...The United Nations has strong presence in Nairobi; the United Nations Office at Nairobi hosts UNEP and UN-Habitat headquarters.
nairobi_kenya_news.php
-
Hanoi is the economic centre of northern Vietnam. Hanoi has the highest Human Development Index among the cities in Vietnam...Though representing only 3.6 percent of the country's population and 0.3 percent of the national territory, Hanoi contributes 15 percent to the national GDP and 45 percent of the Red River Delta's economy...Industrial production in the city has experienced a rapid boom since the 1990s, with average annual growth of 19.1 percent from 1991–95, 15.9 percent from 1996–2000, and 20.9 percent during 2001–2003...In addition to eight existing industrial parks, Hanoi is building five new large-scale industrial parks and 16 small- and medium-sized industrial clusters.
hanoi_vietnam_news.php
-
Ho Chi Minh City is the economic center of Vietnam. Some 300,000 businesses, including many large enterprises, are involved in high-tech, electronic, processing and light industries as well as construction, building materials and agro-products...Investors are pouring in money into the city. Total local private investment was 160,000 billion dong ($10 billion USD) with 18,500 newly founded companies. Investment is trended to hi-tech and services, real estate projects...Currently, the city has 15 industrial parks and export-processing zones, in addition to the Quang Trung Software Park and the Saigon Hi-Tech Park. Intel invested about 1 billion dollar factory in the city...There are 171 medium and large scale markets, tens of supermarket chains, dozens of luxury shopping malls...
ho_chi_min_city_vietnam_news.php
-
Algiers is an important economic, commercial and financial center in Algeria. Algeria's economy is based on the oil and hydrocarbon industry. Algeria ranks fifth in natural gas and fourteenth in oil reserves in the world. It is also the second largest gas exporter...Algeria’s industrial sector is dominated by state-owned heavy industries that produce steel, fertilisers, petrochemicals and cement...Mohamed Ben Ali El Abbar, president of the Council d administration of the emirate group EMAAR, presented five "megaprojects" to Algerian President Abdelaziz Bouteflika, during a ceremony which took place Saturday, July 15 with the Palate of the People of Algiers...The projects will transform the city of Algiers...
algiers_algeria_news.php
-
Lima is the industrial and financial center of Peru. It contains more than two thirds of its industrial production and most of its tertiary sector, and is home to many national companies...The Metropolitan area, with around 7000 factories, spearheads the industrial development of the country, thanks to the quantity and quality of the available workforce, cheap infrastructure and the mostly developed routes and highways in the city...The most relevant industrial sectors are textiles, clothing and food. Chemicals, fish, leather and oil derivatives are also manufactured and/or processed in Lima...The financial district is located in the district of San Isidro, while much of the industrial activity takes place in the area stretching west of Downtown Lima to the airport in Callao.
lima_peru_news.php
-
Dhaka is the commercial center of Bangladesh. The city has a moderate-sized middle class population, driving the market for modern consumer and luxury goods...Many skilled workers are employed in the businesses and industries located in the Dhaka metropolitan area. The city has historically attracted large number of migrant workers...Half the workforce is employed in household and unorganised labour, while about 800,000 work in the textile industry...According to CityMayors Statistics, Dhaka's GDP registered at $92 billion in 2008 with an annual growth rate of 7.6%. Its estimated GDP in the year 2020 is $160 billion...The annual per capita income of Dhaka is estimated at $3600. The main commercial area of the city include Motijheel, Mirpur, Panthapath and Gulshan...
dhaka_bangladesh_news.php
-
Khartoum is the economic capital of Sudan. The economy is booming as a result of direct foreign investments from $128 million in 2000 to $2.3 billion in 2006. Oil is an important export industry in Sudan. Estimates suggest that oil accounts for between 70% and 90% of Sudan's total exports. The primary importers of Sudanese oil are Japan, China, South Korea, Indonesia, and India...Most of Sudan's oil reserves are located in the Muglad and Melut rift basins in the south of the country. Oil fields in the south, such as those at Heglig and in the state of Unity, are linked to the country's refineries via pipelines. The two largest oil pipelines are the Greater Nile Oil Pipeline, which travels 1,600 kilometres...
khartoum_sudan_news.php
-
Accra is the economic capital of Ghana. The city contains the head offices of all of the large banks and trading firms, the insurance agencies, the electricity corporation, the general post office, the large open markets to which most of the food supply comes, and the Accra Central Library...In addition to the forts, important buildings include the Korle Bu General Hospital, which also houses the Ghana Medical School; the Holy Spirit (Roman Catholic), Holy Trinity (Anglican), and Methodist cathedrals; the national archives; and the national museum. Also located in the city are the offices of the Council for Scientific and Industrial Research and the Ghana Academy of Arts and Sciences.
accra_ghana_news.php
-
Freetown is the administrative, communications, and economic centre of Sierra Leone. The city's economy revolves largely around its fine natural harbor, which is capable of receiving oceangoing vessels and which handles Sierra Leone's main exports. Industries include food and beverage processing, fish packing, rice milling, petroleum refining, diamond cutting, and the manufacture of cigarettes, paint, shoes, and beer...Rich in minerals, Sierra Leone has relied on mining, especially diamonds, for its economic base. Sierra Leone has one of the world's largest deposits of rutile, a titanium ore used as paint pigment...
freetown_sierra_leone_news.php
-
Casablanca is the economic capital of Morocco which employs 46% of the working population. According to the African Development Bank, the GDP of Morocco accounts for 7% of the African continent. Morocco is the fifth economic power of Africa with a 2006 GDP of $152.5 billion at PPP ($58.1 billion at official exchange rates), after South Africa, Egypt, Algeria and Nigeria...Morocco's largest industry is the mining of phosphates. Its second largest source of income is from nationals living abroad who transfer money to relatives living in Morocco. The country's third largest source of revenue is tourism; 7.45 million tourists visited the country in 2007.
casablanca_morocco_news.php
-
Douala is the economic centre of Cameroon. Cameroon's economy is based on a diversified and self-sufficient agriculture supplemented by substantial petroleum production and a sizable manufacturing sector. Coffee and cocoa are Cameroon's principal agricultural exports, along with cork, wood, and cotton...Cameroon in 2002 stood as number six in the world among cocoa producers, and is the eighth largest producer of coffee. Petroleum, basic manufactures, and machinery and transport equipment provide additional export revenues. The government is trying to stimulate more timber processing. Construction is a growth sector.
douala_cameroon_news.php
-
Kinshasa is a bustling city in the Republic of Congo. With a population of more than 7 million in 2004. The city of Brazzaville (about 1.5 million inhabitants in 2007 with its suburbs) is the country's capital. It lies just across the Congo River from Kinshasa...Together Brazzaville and Kinshasa has nearly 9 million inhabitants. The Republic of Congo has the second largest French-speaking population in the world...The Republic of Congo is on the path to economic growth and development. This is one of the fastest growing regions in Africa with 52 million inhabitants. This means that the Republic of Congo has the third largest population and the second largest land area in the Sub-Saharan Africa.
kinshasa_congo_news.php
-
African Americans are the second largest minority market in the United States, comprising 13 percent of the Population. In 2007 African Americans buying power reached $845 billion...If African Americans were a country they would be the 15th largest economy in the world based on gross domestic product (GDP). African Americans like most American families spend 80% of their disposable income within a 20 mile radius of home...More than half of African Americans live in just 10 states: New York, California, Texas, Florida, Georgia, Illinois, North Carolina, Maryland, Michigan and Louisiana. In 2002 the 1.2 million African American owned businesses generated nearly $90 billion in revenues.
african_american_news.php
-
Jewish Americans are the most powerful and influential ethnic group in America. Jewish Americans make up 2 percent of the population yet comprise 40 percent of U.S. billionaires. More than 55% of all Jewish Adults received a college degree and 25% earned a graduate degree...More than 60% of all employed Jews are in one of the three highest status job categories: professional or technical (41%), management and executive (13%) and business and finance (7%). Over 45% of large gifts made to charity are made by Jewish Americans. Over 50% of Jewish Americans live in just four states: New York, New Jersey, Florida and California.
jewish_american_news.php
-
Hispanic Americans are the largest minority market in the United States, comprising 15 percent of the population. In 2007 Hispanic Americans buying power reached $862 billion...If Hispanic Americans were a country they would be the 15th largest economy in the world based on gross domestic product (GDP). Hispanic Americans like most American families spend 80% of their disposable income within a 20 mile radius of home...70% of Hispanic Americans live in just five states: California, Texas, New York, Florida and Illinois. In 2002 the 1.6 million Hispanic owned businesses generated nearly $300 billion in revenues. The Related Group with revenues in excess of $1.4 billion is the largest hispanic owned business in the United States.
hispanic_american_news.php
-
Asian Americans are the third largest minority market in the United States, comprising 5 percent of the population. In 2007 Asian Americans buying power reached $459 billion...If Asian Americans were a country they would be the 18th largest economy in the world based on gross domestic product (GDP). Asian Americans like most American families spend 80% of their disposable income within a 20 mile radius of home...75% of Asian Americans live in just ten states: California, New York, Hawaii, Texas, New Jersey, Illinois, Washington, Florida, Virginia and Massachusetts. In 2002 the 1.1 million asian owned businesses generated over $326 billion in revenues. Software House International... w
asian_american_news.php
-
Native Americans are the fourth largest minority market in the United States, comprising 1% of the population. In 2007 Native Americans buying power reached $57 billion...If Native Americans were a country they would be the 60th largest economy in the world based on gross domestic product (GDP). More than half of Native Americans live in just three states: Arizona, California Oklahoma...In 2002 the 200,000 Native American owned businesses generated nearly $27 billion in revenues. Foxwoods Resort Casino with revenues in excess of $1.5 billion is the largest tribal owned business in the United States. Tribal gambling has grown to a more than $22 billion a year industry, larger than Las Vegas and Atlantic City...
native_american_news.php
-
world-news-directory.php
|
Financial News