Imran Khan pledges ‘deep’ Pakistan reforms as IMF vows support

Dubai: Pakistan’s Prime Minister Imran Khan pledged to carry out deep structural reforms of an economy that’s staring at a balance-of-payment crisis, after the International Monetary Fund (IMF) offered to avert it. There was a convergence of views on structural reforms in a meeting with IMF managing director Christine Lagarde in Dubai on February 10, […]

Private business confidence in Dubai soars to six-year high

Dubai: Private businesses in Dubai are exuding greater optimism about what’s in store this year, touching levels last seen in 2012. Those sentiments were helped by new orders streaming through and improved productivity, according to the January data from Emirates NBD Economy Tracker Index. The score was 55.8 in January and an improvement on the […]

A flood of sugar from India forced Dubai’s top refiner to halt output for almost two months

Dubai. A flood of sugar from India, the world’s largest producer, has forced Dubai’s top refiner to halt output for almost two months because of weak demand for its sweetener. Al Khaleej Sugar, the world’s largest port-based refinery, restarted operations on Thursday after being closed since mid-December, Managing Director Jamal Al Ghurair said in an […]

UK approaches UAE, other Gulf countries on post-Brexit trade pact

Dubai: Britain has approached the UAE and other Gulf countries on a possible trade pact after Britain leaves the European Union, the UAE economy minister said on Monday. Such agreements can take years to negotiate, Sultan Bin Saeed Al Mansouri said on a panel at the World Government Summit in Dubai. He gave no further […]