Dr Monica Malik, chief economist at Abu Dhabi Commercial Bank saw UAE inflation moderating in 2016 following the August 2015 price deregulation, expect gasoline prices to be around 20 per cent year-on-year lower in March.
Dr Monica Malik, chief economist at Abu Dhabi Commercial Bank saw UAE inflation moderating in 2016 following the August 2015 price deregulation, expect gasoline prices to be around 20 per cent year-on-year lower in March.
The DWTC's 27 new shows including 8 exhibitions and 19 associations and conferences, featured as new entrants within the 2015 calendar, with many of them showcasing the latest trending topics like the Digital Health & Medical Technology Conference, and Internet of Things.
Special 95 rose 11 per cent to Dh1.51 a litre; Super 98 climbed 10.2 per cent to Dh1.62 and E-Plus 91 is up 11.6 per cent to Dh1.44 a litre. Diesel rose 11.43 per cent to Dh1.56 a litre from Dh1.4 a litre in March.
A sizeable section of jewellery industry players have been on strike against a proposed one per cent hike in excise duty on non-silver jewellery in the union budget for 2016-17.
"This will play an important role in diversifying RAK's economy by developing the media sector and opening new doors."
"The GCC could potentially carve out a competitive advantage by pursuing a reform agenda now, when the pace of reform appears to be slow elsewhere," said Dr Marie Owens Thomsen, Chief Economist, Indosuez Wealth Management.
The forum brought together leading organisations from Dubai and Germany to explore new horizons for fruitful cooperation between the business communities of Dubai and Hamburg.
Dubai saw a 3.5 per cent decrease in occupancy to 82.5 per cent as well as double-digit drops in ADR (-11.6 per cent to Dh833.78) and RevPAR (-14.7 per cent to Dh687.63).
Dubai's benchmark edged down 0.1 per cent, although Drake & Scull rose 1.3 per cent after saying it had won a 340 million Qatari rial ($93.4 million) contract for work on the Doha Metro.
Al Mansouri and the Australian Ambassador explored methods of further boosting joint co-operation in areas of economic, trade and investment.