Tag: economy
UAE’s Central Bank Lowers Interest Rates In Line With Fed cuts
The Central Bank of the UAE has lowered interest rates in line with the decrease in interest rates on the US dollar, following the...
UAE Economy Grew By 2.9 Per Cent In 2019, Says Central Bank
The UAE’s overall real GDP grew by 2.9 per cent in 2019 as compared to 1.7 per cent in the previous year, mainly driven...
Decade of Business Growth Ends in U.A.E. as Virus Raises Threat
(Bloomberg) -- Business conditions in the United Arab Emirates worsened for the first time in over a decade as the virus outbreak in China risks...
Etihad Enters $1bln Aircraft Sale Deal with KKR, Altavair
Etihad Airways has signed an agreement with KKR, a leading global investment firm, and Altavair AirFinance (“Altavair”), a leader in commercial aviation finance to...
Coronavirus outbreak could impact oil output as OPEC+ mulls more cuts
The coronavirus (nCoV) outbreak might spill over to impact oil demand with OPEC (Organization of the Petroleum Exporting Countries) and its allies mulling another...
Dubai Tourism, Dubai Land Department ink strategic pact
Dubai Tourism and Dubai Land Department have joined hands to promote Dubai’s real estate and tourism sectors. Both entities signed a Memorandum of Understanding...
Charting the World Economy: 2020 Banking on Friendlier Trade
(Bloomberg) --Policy makers from around the world are hoping America’s freshly inked trade agreements will help spark an improvement in the global economy this...
Oman 2020: Signs of pick-up
Oman’s economy is expected to grow at a faster pace in 2020, partly on the back of lower interest rates and a more supportive...
Bahrain Economy Grows 1.6% in Q3 2019, Led by Non-Oil Sectors
Bahrain's economy grew by 1.6% in the third quarter of 2019, led by non-oil sector growth. The sector grew by 2% year-on-year (YoY), said the...
Will You Give Up Facebook for a Month & Help Economists Fix GDP
(Bloomberg) --Would you give up Facebook for one month in exchange for $50?
The question, posed by MIT’s Erik Brynjolfsson and four co-authors of a...
