Washington: Pakistan’s economy is at a “critical juncture” where it needs an ambitious and bold set of reforms, the IMF has said, days after the global lender agreed to give a $6 billion (Dh22.02 billion) bailout package to the cash-strapped country. Pakistan, which currently has a currency reserve of less than $8 billion — enough […]

Dubai: Non-oil private sector economic activity continued to keep up strong growth momentum in June with the headline Dubai Economy Tracker (DET) index at 58.4 but remains near the four-year high recorded in May at 58.5. Underlying data showed the rising output failed to generate higher employment, with staffing broadly unchanged since May. This continued […]

French club Paris Saint-Germain said they would take “appropriate action” after Neymar failed to show up for pre-season More…

Federal aviation officials say a Southwest Airlines passenger flight from Baltimore was struck by lightning during its More…

The 22nd edition of Dubai Summer Surprises (DSS), Dubai’s annual citywide summer festival organized by Dubai Festivals More…

Tokyo: Japan’s core machinery orders fell by the most in eight months in a worrying sign that global trade tensions are taking a toll on corporate investment, casting doubt that solid domestic demand can help offset external pressure on the export-reliant economy. Any downturn in business spending will hurt prospects for stronger wage growth and […]

Indian billionaire Gautam Adani rejected criticism over the environmental impact of a huge coal mine planned by his More…

Firefighters in northern Spain found the body of a driver Tuesday whose car was swept away by flash floods which forced More…

17 passengers died in the accident during the Eid Al Fitr holidays.

Dubai Airports has launched a high-tech system that monitors airport operations in real-time and visualises traffic More…