Business activity in Dubai’s private sector rises fastest in 9 months; jobs creation remain slow

Dubai: Non-oil private sector economy in Dubai remained stable in February with the Dubai Economy Tracker Index unchanged at 55.8, according to the latest data from IHS Markit and Emirates NBD. Total business activity rose at the fastest rate in nine months, while new business increased at a pace that remained above the 2018 average […]

Turkey economy has worst showing in nine years after lira crisis

ISTANBUL: The Turkish economy contracted a sharper than expected 3 per cent in the fourth quarter of 2018, its worst performance in nearly a decade and a clear sign that last year’s currency crisis has tipped it into recession. Turkey, a major emerging market once seen as a star performer by international investors, achieved growth […]

UAE governments post Dh28 billion surplus

Abu Dhabi: The UAE government’s surplus posted Dh28 billion in the first nine months of 2018, according to the latest figures released by the Federal Competitiveness And Statistics Authority. The surplus increase is attributed to the rise in the UAE government’s revenues, which hit Dh304.5 billion in 2018’s first nine months, an increase of 4.8 […]