Washington: A resilient American consumer helped the US economy expand more than forecast in the third quarter, assuaging concerns for now of a more pervasive slowdown tied to weakening business investment and faltering export markets. Gross domestic product expanded at a 1.9 per cent annualised rate, according to Commerce Department data Wednesday that topped forecasts […]
WASHINGTON: The US economy likely slowed further in the third quarter, held back by a moderation in consumer spending and declining business investment, which could spur the Federal Reserve to cut interest rates again to keep the expansion on course. The Commerce Department’s snapshot of gross domestic product on Wednesday will likely sketch a picture […]
Riyadh: Saudi Arabia’s Public Investment Fund will invest $10 billion in Brazil and plans to use the country as a gateway to the rest of Latin America, the Brazilian government said. The investment comes after talks between President Jair Bolsonaro and Crown Prince Mohammed Bin Salman, Brazilian Foreign Affairs Minister Ernesto Araujo told reporters in […]
The Kingdom of Sweden and the UAE have a long standing relationship of trade. With its yearly imports worth roughly 5 to 7 billion SEK between 2014 to 2018, the UAE is an important trade partner to Sweden and its location makes it a key business hub in the GCC region. Its main exports to […]
Dubai: Iran would need oil priced at $194.6 a barrel to balance its budget next year, the International Monetary Fund (IMF) said. Hurt by tighter US sanctions, Iran — a key member of the Organisation of the Petroleum Exporting Countries (Opec) — is expected to have a fiscal deficit of 4.5 per cent this year […]
Dubai developer Damac cites low profitability as it announces it will withhold dividends at the end of this year
Imran Farooq, Samana Group CEO is hoping for Chinese investment in three new real estate projects to be launched
Strong waves crashed into its beach side restaurant, smashing glass windows and sweeping away sunbeds and umbrellas.
Strong waves crashed into its beach side restaurant, smashing glass windows and sweeping away sunbeds and umbrellas.
Frankfurt: Deutsche Bank on Wednesday posted an 832 million euro (Dh3.39 billion) loss in the third quarter due to costs for a major restructuring and as income from its key bond trading division fell sharply. Germany’s largest lender had flagged it would lose money this year when it announced in July it would axe vast […]