Dubai World Trade Centre records busy year as it serves over 1,000 dinners, weddings, other high-profile events in 2018

Dubai World Trade Centre, DWTC, has revealed that its hospitality division accommodated 1,056 high-profile external events in 2018, serving a total of 415,293 guests. DWTC continues to strengthen Dubai’s competitiveness as a regional event destination. “The impressive results for 2018 are a testament to the competency of the entire “Hospitality by DWTC” team, from chefs […]

Business activity in Dubai’s private sector rises fastest in 9 months; jobs creation remain slow

Dubai: Non-oil private sector economy in Dubai remained stable in February with the Dubai Economy Tracker Index unchanged at 55.8, according to the latest data from IHS Markit and Emirates NBD. Total business activity rose at the fastest rate in nine months, while new business increased at a pace that remained above the 2018 average […]

Turkey economy has worst showing in nine years after lira crisis

ISTANBUL: The Turkish economy contracted a sharper than expected 3 per cent in the fourth quarter of 2018, its worst performance in nearly a decade and a clear sign that last year’s currency crisis has tipped it into recession. Turkey, a major emerging market once seen as a star performer by international investors, achieved growth […]