Dubai: Economists expect UAE government spending to remain expansionary this year despite lower oil prices and output. Together with pro-growth policies, government spending is expected to fuel faster growth in the country’s non-oil sector. “We maintain our 2019 GDP growth forecast of 3.3 per cent. We raise our 2018 forecast to 2.9 per cent from […]
LONDON: British factories ramped up their stockpiling in December as they prepared for possible border delays when Britain leaves the European Union in less than three months’ time, a survey showed on Wednesday. The IHS Markit/CIPS Manufacturing Purchasing Managers’ Index (PMI) rose to 54.2 from an upwardly revised 53.6 in November, the highest reading in […]
Seoul: South Korean exports fell slightly in December from a year earlier, official data showed on Tuesday, missing even the most pessimistic forecast from a Reuters survey and providing fresh evidence of a cooling global economy. Although all 10 economists in the Reuters survey had forecast a rise in exports, some said the data was […]
Dubai: Oman’s government, whose budget deficit is among the largest of all the sovereigns tracked by Fitch Ratings, will tap capital markets for a fourth straight year to plug a fiscal gap vulnerable to lower oil prices. The Gulf nation is looking to raise 2.4 billion Omani riyals (Dh22.8 billion, $6.2 billion) internationally and at […]
San Francisco Netflix Inc is expected to announce in the next few days that it has hired Spencer Neumann from Activision Blizzard Inc as its chief financial officer, Reuters reported, citing a source familiar with the matter. The report comes after Activision said in a regulatory filing on Monday that it intended to fire Neumann […]
He had no idea this phrase would get him into trouble.
The highest footfall was recorded on Dec 28, which saw 111,219 passengers traveling through the city.
The public’s assistance is urgently required.
Dubai Municipality says it successfully removed rubbish from across the emirate in record time following the New Year’s Eve celebrations
Working as a full-time entrepreneur for 12 years and the main architect behind the booking systems of several world-renowned car rental brands, Ammar Akhtar was well aware of the frustration people in the UAE felt when renting a ride. Bad customer service, reams of paper forms, and high prices convinced him in 2016 to launch […]