May 17th, 2012
02:07 PM GMT
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Demra, Bangladesh (CNN) - Centuries ago, "jamdani" was among the most highly prized textiles in the world. But these days it's being replaced by cheaper, mass-produced materials, and the expertise needed to make traditional jamdani is dying out.

Jamdani originated in what is now Bangladesh, many centuries ago. Woven on hand looms, for hundreds of years it was traded everywhere from Bengal to China, and as far west as Italy. Historical accounts from the British East India Company show exports of jamdanis in the 1700s worth millions of rupees.

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May 11th, 2012
11:02 AM GMT
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Abu Dhabi (CNN) - An Abu Dhabi mosque is being adorned with beautiful new mosaics - thanks to some traditional Italian craftsmanship.

The Sheikh Zayed Grand Mosque is first and foremost a place of worship, but in less than five years it has become synonymous with the Emirate of Abu Dhabi.

Enrico Fantini is a fourth-generation Italian mosaic artisan who was recruited to work on the vast exterior ground and key parts of the grand interior. “We are very proud to have an Italian tradition - the mosaic started in the Byzantine world, the Roman world,” Fantini told CNN’s John Defterios.

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May 3rd, 2012
12:30 PM GMT
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The United States aims to promote stability in Central Asia by encouraging trade in the region, U.S. Secretary of State Hilary Clinton told CNN.

The American strategy focuses on bolstering north-south trade, linking India and Pakistan via Afghanistan to the former Soviet republics of Central Asia.

“If people are trading with each other, if they are investing in each other's countries, if they are engaged in commerce of all kinds, there develop relationships and, frankly, stakes in peace and security that are desperately needed,” Clinton told CNN’s Jill Dougherty.

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April 26th, 2012
02:36 PM GMT
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Mumbai, India (CNN) – While Japan has a slowing economy and an aging population, India has just the opposite. That’s why the number of Japanese companies in India has doubled in the last two years.

Japanese businesses looking to expand are faced with problems at home, including a strong Yen, which makes exports expensive, and a weak economy, which means shrinking domestic demand. The result? Many Japanese businesses are looking to grow overseas, with India emerging as a favored destination.

Japanese companies are investing in various sectors of the Indian economy, such as automobiles, white goods and pharmaceuticals, and Japan has invested billions of dollars in the construction of an industrial corridor linking Mumbai with Delhi.

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April 19th, 2012
11:10 AM GMT
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Inner Mongolia, China (CNN) - The Mongols once dominated China, just part of their vast empire stretching from Moscow to Guangzhou. Eventually, the Chinese chased out their conquerers and claimed Mongol land - an area now known as Inner Mongolia.

Today, only one in five of the autonomous region's near 20-million people are ethnic Mongolian, leading to fears their culture could disappear.

Anda Union, a traditional Mogolian folk singer, told CNN’s Eunice Yoon: "It is very difficult for us to preserve our Mongolian culture in this big cultural environment because there are so many different cultures all competing with each other.”

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April 13th, 2012
10:32 AM GMT
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Dubai (CNN) - Driven by demand from the growing Indian and Chinese middle classes, Dubai is fast emerging as a significant diamond hub.

With worldwide demand for diamonds set to grow by 6% a year to 2020, Dubai is vying for a piece of the world's diamond pie, competing against other global diamond hubs, such as Antwerp and Mumbai.

Dubai's location means it can serve as the gateway into parts of Africa and the Middle East, and the emirate is taking concrete steps to gain a foothold in the market. In 2004 it set up the Dubai Diamond Exchange - a subsidiary of its central commodities authority, the DMCC. Since then it has seen a meteoric growth in trade.

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April 6th, 2012
01:16 PM GMT
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Malam Jabba, Pakistan (CNN) – Pakistan's government is hoping that a former Taliban stronghold can attract tourists and boost business for the country.

Malam Jabba, in Pakistan’s Swat Valley, is a seven-hour drive north of the capital Islamabad. It is Pakistan's winter wonderland, where people live on just dollars a day, surrounded by natural beauty.

It’s also the Pakistan that few see, with scenery that rivals anywhere in the world. Many here hope this natural beauty will help get the Swat Valley back on the map as a leading tourist attraction.

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March 30th, 2012
09:22 AM GMT
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Baghdad (CNN) - As Iraq's capital emerges from almost a decade of conflict and civil strife it is becoming an economic battleground for Turkey and Iran.

Turkish firm Tefirom is contracted to build Baghdad Mall. Featuring a five-star hotel more than 100 meters tall, it is set to be the tallest building in Baghdad. It will also house shops, gyms, a giant parking garage and a state-of-the art medical center.

Ashken Alkgoum is one of the engineers. He told CNN’s Fred Pleitgen: "Our costs are low, our labor quality is very good, and our engineers especially are really good.”

The Iraqi clients paying for the Baghdad Mall, with a budget of nearly $100 million, agree. They say construction is on schedule.
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March 29th, 2012
08:02 AM GMT
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(CNN) – It’s been a bad year to be a BRIC.

As the leaders of the BRICs – Brazil, Russia, India, China – gather in India for the summit Thursday, there is a nagging reality weighing on the world’s fastest growing emerging economies – they’re not growing as fast any more.

Brazil has seen its once blistering economy slow to an estimated 2.7% this year. Russia’s recovery from the global recession has been slow compared with other developing economies, the World Bank said in a report this week. Growth in India has steadily fallen as the nation lurches from scandal to scandal, most recently a report that alleges the government lost $211 billion in coal mining contracts.

Even the economic juggernaut of China has been slowing down, with Beijing dropping its projected growth this year to 7.5% which, if realized, would be the lowest growth rate since 1990, according to World Bank statistics.

What’s going on with the BRICs? FULL POST



March 22nd, 2012
03:29 PM GMT
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Manzhouli, China (CNN) – In Inner Mongolia – the frozen grasslands between China and Russia – it's hard to imagine anything surviving. Yet in the Chinese border town of Manzhouli, business is thriving.

Manzhouli is now one of China's busiest land ports, with $10 billion dollars-worth of timber and other goods passing through every year.

Traders like Huang Jincai are shipping in Siberian timber, revitalizing this once sleepy outpost. Jincai runs a multi-million dollar business cutting and selling timber all over China – with 10% sales growth every year.

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About Global Exchange

Global Exchange explores how emerging markets are impacting and influencing the global financial community, at a time when business is a vital driver of the international news agenda.

Global Exchange is presented live from Abu Dhabi by emerging markets editor, John Defterios, who will be joined by CNN correspondents from around the world.

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