A dramatic drop in optimism for the GCC’s construction sector has been seen over the last 12 months, according to a new survey. At the annual Construction and Engineering Law Conference, just 32% of respondents were optimistic heading into 2016, compared to 77% in 2014. Head of Middle East Region at Pinsent Mason, Sachin Kerur says as market conditions harden, several things are likely to happen.
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IMF praises UAE economy's resilience, proactive readiness
An International Monetary Fund (IMF) team has concluded a ten-day visit to the UAE, holding talks with officials on the country's economic performance, financial outlook and policy priorities.
Apple unseats Nvidia to become world's most valuable company
Apple overtook Nvidia on Friday to become the world's most valuable company, reshuffling the top ranks of tech heavyweights as investors reassess the outlook for artificial intelligence.
Indian court orders Maruti to replace car in first E20 fuel damage ruling
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Irish airline Aer Lingus plans 500 job cuts as fuel prices soar
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Parkin expands into Sharjah's Aljada with partnership with Arada
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UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has led messages on social media to mark Union Pledge Day, "renewing commitment to the principles of unity established by the late Sheikh Zayed and his brothers".
After Dubai Media Office confirmed that a Reuters report about explosions in Downtown area is false, the news agency issued a statement admitting it "regrets" publishing the story as it "did not meet its standards".
The UAE marks Union Pledge Day on July 18, commemorating the Founding Fathers' signing of the Declaration of the Union and the Constitution in 1971— an historic milestone that launched a journey of development and progress.
