Wednesday 28 September 2016
 
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growth

WTO cuts 2016 world trade growth forecast to 1.7pc

The World trade Organization cut its forecast for global trade growth this year by more than a third on Tuesday, reflecting a slowdown in China and falling levels of imports into the United States. The new figure of 1.7 percent, d

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WTO cuts 2016 world trade growth forecast to 1.7pc

The World trade Organization cut its forecast for global trade growth this year by more than a third on Tuesday, reflecting a slowdown in China and falling levels of imports into the United States. The new figure of 1.7 percent, d

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Over 35pc Mideast firms to outsource FM services

The facilities management (FM) market in the Middle East is poised for tremendous growth in the coming years as over 35 per cent of the companies plan to completely outsource their FM services, said a survey ahead of an industry expo in Dubai, U

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UAE retail sector set for 2020 spectacular growth

The UAE retail industry is poised for solid growth over the next four years, owing to a lot of macroeconomic factors including non-oil sector boost, population boom, tourism and massive economic growth in the country, said a report.

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Oil plunges after IEA report adds to outlook gloom

Oil fell on Tuesday following a series of gloomy predictions on demand growth that pointed to the global overhang of unused inventories persisting for much longer than anticipated. The International Energy Agency (IEA) said a sharp slow

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ME carriers lead air travel demand growth

Middle East carriers posted the strongest passenger traffic growth across all regions in July, with a 13.1 per cent year-over-year increase. According to a figures released by The International Air Transport Association (Iata), de

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Lego builds more plant capacity to revive growth in US sales

Lego reported a decline in revenue growth and profits for the first half of 2016, but only because the Danish toymaker needed time to add production capacity to meet increased demand for its colourful building bricks in North America, the compan

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MAG Property posts robust Q3 growth

MAG Property Development (MAG PD), the real estate development arm of MAG Group, has reported robust growth for the third quarter with 90 per cent sales closed for phase one of its MAG 5 Boulevard development in Dubai, UAE. The st

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Central banks nearing limits of ability to stimulate growth

The world's central banks are "pretty close" to the limits of their ability to stimulate economies, Angel Gurria, head of the Organization for Economic Co-operation and Development (OECD), said on Saturday. In the ab

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DIFC posts significant growth in first half

Dubai International Financial Centre (DIFC), a leading financial hub for the Middle East, Africa and South Asia (Measa) region, today announced that the centre posted strong growth and reached major milestones in the first half of 2016.

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