Dubai’s non-oil economy expands for first time this year in July

Dubai: Dubai’s non-oil economy got a boost in July, with numbers showing the first monthly expansion as output and new business orders rose at “quicker rates”. But employment numbers are still slipping as business retain their focus on cutting down costs. According to David Owen, Economist at IHS Markit, which issued the findings, “July PMI […]

Nine F&B companies in UAE, Saudi Arabia restrict marketing to children

Dubai: UAE and Saudi Arabia member companies of the International Food and Beverage Alliance (IFBA) announced today that they will 100 per cent comply with their commitment of responsible food and beverage marketing to children. These companies include Ferrero, General Mills, Kellogg Company, Mars, MondelÄ“z MEA FZE, NestlĂ©, PepsiCo, The Coca-Cola Export Corporation in Dubai and Unilever. […]

India’s slight economic momentum is starting to slip away

Dubai: India’s economic activity monitors are beginning to flatline just months after showing signs of returning to life. Latest data showed mobility suffered in recent weeks after notching up an increase since May, when Asia’s third-largest economy began exiting a nationwide lockdown to contain the coronavirus outbreak. Elsewhere, high-frequency indicators from purchasing mangers’ surveys to fuel […]