Daqing / AFP Once the pride of Communist rulers and now hit by a global glut and slowing domestic growth, China’s largest oilfield epitomizes Beijing’s reluctance to cut jobs at loss-making state-run operations. Thousands of oil pumps painted black, yellow and red stretch to the horizon in Daqing, which has produced more than two billion tonnes of the black …

  Moscow / AFP Russia’s ubiquitous sheet metal sheds — where tyres are changed, furniture repaired and fish smoked — have become bustling hubs of a shadow economy essential to the livelihoods of the country’s crisis-stricken population. Built in the 1960s and 1970s close to Soviet-era apartment blocks, the clusters of boxy garages today house much more than cars — everything …

  Our Correspondent/ Emirates Business Myra Properties, a leading developer of high-end luxury properties across the GCC, has recently announced the launch of its latest luxury apartment project in Dubai. This project is aimed at the growing community of young millennial expatriates, who are increasingly relocating to Dubai for employment or wishing to invest in lucrative properties in the region. …