New job creation in UAE private sector remains flat

Dubai: The UAE’s non-oil private sector recorded its slowest growth since October 2016, with the purchasing managers’ index – a key reading of economic activity – at 54 in December from 55.8 a month earlier. The PMI number for the whole of 2018 was 55.5, slipping from 56.1 a year ago. There has been little […]

US-China trade talks conclude as hopes of a deal build

Beijing: Chinese and US teams ended trade talks in Beijing on Wednesday that lasted longer than expected and officials said details will be released soon, raising hopes an all-out trade war that could badly disrupt the global economy can be avoided. The talks were extended into an unscheduled third day, showing both sides were “serious”, […]