Dubai International Financial Centre hosts second IMF Regional Economic Outlook for 2016

Dubai International Financial Centre, DIFC, the region’s leading financial hub, today hosted the launch of the second Regional Economic Outlook, REO, for the Middle East, North Africa and Pakistan, MENAP, for 2016, in collaboration with the International Monetary Fund, IMF. The Regional Economic Outlooks are exclusive reports produced by the IMF for More...

by Staff writer | Published 4 years ago
By Staff writer On Sunday, September 4th, 2016

Eurozone Inflation Remains at 0.2% in August

Eurozone inflation remained at 0.2% in August, a new estimate by the EU statistics agency Eurostat showed Wednesday, according to the (dpa). The figure is far below the European Central Bank’s annual inflation More...

By Staff writer On Tuesday, August 30th, 2016

UAE Banks Federation begins implementation of mWallet

The UAE Banks Federation has announced that the MoU regarding the ownership and operation of the mWallet platform has been signed by all 16 UAE equity partner banks in the entity. The mWallet platform, which is More...

By Staff writer On Sunday, June 12th, 2016

QNB Group: China’s Stimulus Is Boosting Activity But Also Elevating Risks?

During the second half of 2015, the Chinese authorities responded to slowing growth and activity through a number of economic stimulus measures. Various indicators show that activity in China’s economy has picked More...

By Staff writer On Saturday, March 5th, 2016

Eurozone Unemployment at Lowest since August 2011

Eurozone unemployment fell to its lowest level in four-and-a-half years in January, official data showed. Joblessness in the Eurozone has gradually crept lower since the alarming highs of the debt crisis, but the More...

By Staff writer On Friday, March 4th, 2016

S&P says global government debt to keep rising in 2016

United States, China, Brazil and India are expected to keep world government debt rising this year, Standard and Poor’s said on Monday, despite a small reduction in the annual global borrowing bill. Total More...

By Staff writer On Friday, February 26th, 2016

JP Morgan Sets more $500 Million for Oil Sector Losses

JP Morgan decided to allocate additional $500 million to cover potential bad loans due to the sharp decline in oil prices. This increase is more, by 60 percent, than what the bank has announced in advance.  175 More...

By Staff writer On Wednesday, February 24th, 2016

China’s impact on GCC construction

Stuart Matthews looks at the impact of Chinese influence on the regional construction industry and the businesses leading the way It’s late January in Riyadh and a delegation from the People’s Republic of China More...

By Staff writer On Wednesday, February 10th, 2016

Korean company Kiswire to open office in Saif Zone

Sharjah Airport International Free Zone, SAIF Zone, has announced that Korea-based global company Kiswire and the UAE-based Amzone International Ltd. will jointly open a 220,000 square-feet marketing and sales complex More...

By Staff writer On Friday, February 5th, 2016

DFM Company posts net profit of AED 261 million in 2015

Dubai Financial Market (PJSC) today announced its results for the financial year ending 31st December 2015 as the Company posted a net profit of AED 261 million for the year 2015, compared to AED 759.3 million in More...

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