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Apart from heightened competition with newcomers to the financial sector, banks are also facing challenges such as narrower net interest margins and financial reforms highlighting the regulatory prohibition of the conduct of multitranche channel business.
Apart from sending out chartered transport for workers, local governments are offering subsidies to related human resource departments and enterprises who expand recruitment.
Ap - Reuters - Xinhua
Apart from introducing new brands and products to the Chinese market, Fonterra is using the CIIE to sign agreements with local partners. According to Chow, livestreaming stands to amplify the influence of these newly-formed partnerships and raise the awareness of those domestic labels that might not necessarily qualify as an "import" exhibitor to make it to the event.
Anwar Abu Sbaitan, senior executive officer of Kuwait-based asset management firm Kamco, said that the UAE and Saudi Arabia represent 75 percent of the GDP in the GCC countries, hence foreign banks have to run a presence here to bank on the region's prospects.
