London-based Simmons & Simmons is the latest in a wave of Western law firms to shut their offices in Abu Dhabi, UAE, in the last year as low oil prices put a damper on business.
The company plans to close its office in the UAE
The global economic slowdown shows a clear risk of extending into next year, along with an even more prolonged period of disinflation, according to the overwhelming majority of nearly 300 economists polled by Reuters around the world.
China's exports fell less than expected in September, with monthly figures even showing signs of a mild recovery over the summer, but a hefty drop in imports may keep pressure on policymakers to do more to stave off a sharper economic slowdo
China has the capacity to manage its economic slowdown but needs to communicate policy more effectively and guard against potential spillovers, the International Monetary Fund said on Monday.
In a report, the Fund - whose annual m
Oil rose above $49 a barrel as an emerging risk premium over the situation in Syria countered further signs of an economic slowdown in Asia and rising US inventories.
Russia launched air strikes in Syria in its
Activity in China's vast factory sector shrank at its fastest pace in almost 6-1/2 years in August, a private survey showed on Tuesday, increasing investor fears that the world's second-largest economy may be lurching toward a hard landi
The continuous slowdown in real estate sales transactions in Dubai, UAE, is helping international property firms to re-explore investments in the city's property sector, said a report.
The slowdown in the third quarter and also the
Dubai’s real estate market witnessed further stabilisation and a slowing down of both property prices and rental rates in the third quarter, a far cry from the abnormal price hikes the UAE emirate had experienced in the last 18 months, sai
The residential sales performance in Dubai saw a continued slowdown in the second quarter of the year, with only a marginal growth of six per cent and three per cent for apartments and villas respectively, according to an Asteco report.
The growing trade openness of GCC countries, particularly its rising trade links with emerging Asian markets, is increasing the region's economic dependence on global growth and its exposure to foreign shocks, said a report.