DUBAI - House prices in Abu Dhabi are likely to remain stable in the first quarter, but rents will keep declining due to increased supply, property consultancy Landmark Advisory said on Tuesday.
LONDON - The British economy will expand at a faster clip in the second half of this year than previously thought but the Bank of England is still unlikely to shift interest rates until at least October, a Reuters poll shows.
TOKYO - Japan’s economy probably grew at its fastest pace in nearly two years in the fourth quarter of last year thanks to a recovery in capital expenditure, while energy price rises are likely to slow deflation, a Reuters poll shows.
NEW YORK - U.S. economic growth is set to cool after a burst of activity late last year and expectations for a jobless recovery will prompt the Federal Reserve to keep interest rates on hold until well into the second half of 2010, a Reuters poll shows.
LONDON - The euro zone economy will probably just bump along in 2010 and there is only a one in four chance that Greece may have to seek a bailout this year to put its public finances back on track, a Reuters poll found.
KUWAIT CITY - OPEC member Kuwait is projecting a 22.4 billion dollars budget deficit for the 2010-2011 fiscal year after raising spending by over 33 percent, according to a draft budget seen on Tuesday.
LONDON - Britain’s goods trade deficit with the rest of the world unexpectedly widened to its highest in nearly a year in December, after imports from non-EU countries shot up at their fastest rate since March 2005.
ABU DHABI - The UAE will see low economic growth in 2010, but higher and better than the previous year, governor of the Central Bank of the UAE told reporters at a briefing on Monday.
DUBAI - Shuaa Capital aims to triple its fee income in the next three years, as the investment bank focuses on its domestic market and Saudi Arabia, which it hopes will make the bank profitable again in 2010.
DUBAI - World sugar consumption may expand by up to three per cent annually, while supply would pick up to post a surplus in the next fiscal year, industry experts and analysts said.
