BEIJING. China retained a current account surplus in 2018 and it will remain basically balanced in future, the foreign exchange regulator said on Wednesday. China’s current account is slowly swinging from a decades’ long surplus towards a deficit. Analysts say that will mark a major structural shift in global capital flows in and out of […]
Washington: The Federal Reserve held interest rates steady on Wednesday but said it would be patient in lifting borrowing costs further this year as it pointed to rising uncertainty about the US economic outlook. While the Fed said continued US economic and job growth were still “the most likely outcomes,” it removed language from its […]
India’s economic activity showed signs of slowing in December, belying hopes of a quick turnaround suggested by the previous month’s data. A gauge measuring overall activity moved two notches lower in December from a month ago, underpinning a view that India’s growth has slowed and it might need a dose of fiscal and monetary stimulus […]
Dubai: Finding the right doctor and securing an appointment in the UAE will now be a breeze, with the launch of a new online tool that seeks to improve the way people access health services. The Dubai Healthcare City (DHCC) has recently partnered with a healthtech start-up to introduce an instant online appointment system, which allows […]
Dubai: Will Souq.com soon disappear, leaving in its place Amazon.ae? Nearly two years after the US online retail giant purchased Souq for $580 million, a source-led report from CNBC on Tuesday suggested that may be exactly what is about to happen. According to the article, Amazon has recently been contacting large North American wholesalers to […]
“People ask me what I felt in the morning when I read the decree.”
The Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, visited the More…
Dubai: The Department of Economic Development (DED) in Dubai launched three quality initiatives on Wednesday aimed to accelerate future-readiness of the economy. These initiatives launched on the sidelines of the third Engage DXB Forum 2019 are aimed at enhancing private sector participation in developing a competitive policy framework for achieving sustainable business growth. The three […]
His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE More…
Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs and the Future and Chairman of the World Government More…