GCC growth outlook to remain modest in 2020

Dubai: Growth across the GCC countries are expected to remain modest in 2020 with Saudi Arabia, the largest economy posting a GDP growth to recovery from a very low base in 2029. According to the latest forecasts by the International Monetary Fund (IMF) growth in 2020 is expected to rebound to 2.5 per cent, driven […]

Sugar traders hold tight as India’s bumper crop set to roil markets again

New Delhi: India may roil the global sugar market again as prospects for next year’s cane crop have brightened due to brimming reservoirs. Bountiful monsoon rains this year have led to above average water levels in reservoirs, which will in turn boost the amount of sugar cane that’s planted, according to industry and Indian government […]

Serbs unveil spending spree to fuel growth and catch up with EU

Belgrade: Serbia will spend almost 14 billion euros ($15.7 billion) through 2025 as the government seeks to double the rate of economic growth, bringing it into line with the European Union and raising living standards. The new investments were announced as the Balkan nation heads for general elections in late April or early May, and […]

Dh348 purchase by Indian couple takes Dubai Duty Free sales over $2 billion milestone

Dubai: Dubai Duty Free’s sales crossed the Dh7.3 billion or $2 Billion milestone on December 26, putting the airport retailer on track for another record year. Commenting on this achievement, Colm McLoughlin, Executive Vice Chairman & Chief Executive Officer of Dubai Duty Free said: “2019 has been a good year for Dubai Duty Free, we have […]