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PM announces UK investment plan | UAE economic growth | India & overseas e-com

PM announces UK investment plan | UAE economic growth | India & overseas e-com

 
Theresa May announces 10-point industrial strategy for Britain
 
On Monday, 23 January, Prime Minister Theresa May announced her plan for boosting Britain’s growth.
 
The proposal involves encouraging trade, developing skills, investing in innovation, upgrading Britain’s infrastructure, and delivering sustainable growth – all with the ultimate goal to support Britain’s businesses and economy.
 
Smart energy, robotics, artificial intelligence, and 5G mobile network technology are among the areas expected to receive support from this initiative.
 
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UAE expected to lead economic growth in Gulf for 2017
 
The IMF has stated that the UAE is projected to grow by 2.5 per cent in 2017, following 2.3 per cent growth in 2016. Saudi Arabia, the region’s biggest economy, is expected to experience economic growth of 0.4 per cent in 2017 compared to 1.2 per cent in 2016.
 
All Gulf economies are trying to move away from their dependence on oil, and the UAE has led in efforts to diversify its economy with promotion of private sector growth and projects such as the 2020 Expo Dubai.
 
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Online shoppers from India buy more from abroad
 
A new study from PayPal and Ipsos found that online shoppers in India spent more than US $8.7 billion (£7.03 billion) on international e-commerce sites last year.
 
While India’s online shoppers still spent US $31 billion (£25 billion) with Indian e-commerce sites, they look to international sites for brands and products they can’t buy locally. Most online shoppers from India who buy internationally do so from US e-commerce sites, with Chinese and UK sites coming in second and third respectively.
 
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Thursday 26 January 2017

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