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The Ministry of Industry and Information Technology (MIIT) and eight ministries issued the 15th Five-Year Plan for Enhancing Industrial Foundation Capabilities, calling for cultivation of world‑class enterprises and urging leading firms in foundation

2026-10-22

The Ministry of Industry and Information Technology (MIIT) and eight ministries issued the 15th Five-Year Plan for Enhancing Industrial Foundation Capabilities, calling for cultivation of world‑class enterprises and urging leading firms in foundational industrial sectors to consolidate supply‑chain resources to become world‑class. The plan directs state-owned enterprises to leverage advantages in technology, scale, application scenarios and talent, and to open and share engineering practice, R&D and supply‑chain resources via long-term technical cooperation and joint market expansion to foster a cohort of sectoral leaders.

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2026-10-22

The International Monetary Fund predicts that the economies of the Middle East, North Africa and Pakistan will contract by 1.3% in 2026, but will rebound to achieve 6.6% growth in 2027.

The International Monetary Fund predicts that the economies of the Middle East, North Africa and Pakistan will contract by 1.3% in 2026, but will rebound to achieve 6.6% growth in 2027.
2026-10-22

Brent crude rose $2.01 intraday to $108.40/bbl, up 1.88%.

Brent crude rose $2.01 intraday to $108.40/bbl, up 1.88%.
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