Britain's coalition government unveiled sharply lower economic growth forecasts on Tuesday and said it would take much longer than hoped to wipe out its deficit, meaning tough austerity measures would extend beyond the next election due in 2015.
Hyundai Motor Company, a leading vehicles manufacturer, ranks second in sales in the Middle East and fifth in the UAE, a senior official has said.
Hyundai’s senior executive vice president Seung Tack Kim was speaking at the recent Dubai In
Egypt's Finance Minister Samir Radwan said on Thursday the economy may grow as slowly as 3 percent in the year to the end of June if production does not get back on track.
"Our estimates in the Finance (Ministry) current
US economic growth likely edged up in the third quarter but not enough to chip away at high unemployment or change perceptions of more monetary easing from the Federal Reserve next week.
A government report on Friday is expected to show gr
Economies in the Middle East and North Africa need to accelerate their post-slowdown growth if they are to reduce jobless numbers, the International Monetary Fund (IMF) regional chief said.
He said countries in the regio
BlackRock, the world's largest asset manager, expects a 'meaningfully slower pace' of global economic growth in the second half of this year but does not predict a return to recession.
BlackRock, which manages more than $3 tril
The Gulf Cooperation Council (GCC) countries are expected to see a strong economic growth through the remainder of this year and in 2011, according to a new study.
Blake, Cassels & Graydon LLP (Blakes), a Canadian-based international b
The high growth being experienced by the GCC economies have provided strong incentives for financial markets, said Sultan bin Saeed Al Mansouri, UAE's Minister of Economy.
He was speaking at the third Gulf Cooperation Council Stock Market