The International Monetary Fund’s (IMF) forecast for the UAE’s economic growth remains unchanged at 3%. That’s despite downgrading its global forecast this year to 3.1%, from 3.3% in July, indicating a risk of a recession. The fund has also adjusted its forecast for 2016, from 3.8% to 3.6%. Its latest World Economic Outlook says the developed world is performing well, but emerging markets are weak, resulting in slower growth.
UAE ranked world's most sought-after for real estate investment
The UAE has been ranked as the top property investment destination amidst regional tensions, according to a new global survey commissioned by Arada.
H.H. Sheikh Hamdan reaffirms Dubai’s focus on enhancing economic resilience
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, has reaffirmed that strengthening the resilience of Dubai’s economy remains a key priority to keep pace with global economic trends.
UAE's AD Ports acquires Brazilian bulk port operator for over AED 3 billion
AD Ports Group has acquired Corredor Logística e Infraestrutura (CLI), Brazil’s leading independent agri-bulk port terminal operator, entering the South American market with a strategically major expansion transaction.
General Mills to sell Haagen-Dazs ice-cream shops in mainland China
General Mills has announced it will sell its Haagen-Dazs ice-cream shops in mainland China to an investor group that includes local tea chain operator Ningji, as part of a strategy to focus on businesses with stronger profit growth.
Dubai Taxi Company targets Ajman expansion through new partnership
Dubai Taxi Company has signed a memorandum of understanding with Ajman-based AJ Industries to explore a strategic partnership aimed at expanding mobility services across the emirate.
The UAE has joined the Arab Group and the Organisation of Islamic Cooperation (OIC) to express its strong condemnation of the continued Israeli escalations in occupied Palestinian territory at the UN Security Council.
Sharjah Police have arrested several individuals after a social media dispute escalated into a violent fight that left one person dead and another injured.
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, UAE Deputy Prime Minister and Defence Minister, has attended the graduation ceremony of the 13th cohort of the National Defence College in Abu Dhabi.
