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.
World shares slumped to a near four-month low on Tuesday as signs the US economy was stuttering compounded already frayed nerves following a sharp sell-off in emerging markets.
A weaker-than-expected report on US factory activity
Today, the International Monetary Fund announced yet another reduction in its global growth projections for 2014, with its estimate of US growth also reduced (citing reduced government spending, but not the present US government shutdown - or th
A slowdown in China has hit its financial markets hard this year as fund managers cut exposure to the world's second largest economy, but some investors say it may be time to jump back in.
The country's downturn is being f
Brent futures slipped below $110 a barrel on Tuesday on worries of a slowdown in demand growth in China and the United States, two of the world's biggest oil consumers, with a rise in the dollar weighing further on the mark
The uncertain worldwide growth outlook flushed investors out of riskier assets on Monday, sending shares and commodities lower, despite signs that a drive by Europe's leaders to tackle the region's debt crisis was gathering momentum.
Europe's economic slowdown has hit the engine-room of the euro zone, including Germany, gloomy new indicators have revealed, adding urgency to the region's struggle to keep Greece's debt crisis from tearing the single currency apart.
If Indian policymakers are hoping the country's slowing economy can rebound largely the same way it did from the 2008 global financial crisis, they are dreaming.
The reason is the government cannot wield some of the tools it could the last
China exporters face a deeply uncertain outlook due to fragile Western demand and a tightening credit environment and three out of four of them fear a wave of factory closures next year, a Reuters poll at China's largest trade event showed.