Dubai’s private sector activity gains traction in April

Dubai: Economic activity in Dubai’s private sector economy improved in April with further growth in output and new work according to the Dubai Economy Tracker Index (DET), a composite indicator of operating conditions in the non-oil private sector economy. DET Index rose to 57.9 in April from 57.6 in March. While this is the highest […]

Bahrain to receive $2.3 billion from allies in 2019

Washington: Bahrain said it will receive about $2.3 billion (Dh8.45 billion) this year from a five-year support package provided by its Gulf Arab allies as the island-kingdom seeks to reduce its budget deficit and debt. The sum is roughly in line with the amount received in 2018, according to Bahrain’s Finance Ministry. The $10 billion […]