iPhone | iPad
Android
HuaweiUnemployment in Greece hit a record high of 25.1 percent in July as the country’s financial crisis continues to exact its heavy toll, official figures showed on Thursday.
KT APPDOWNLOAD
MORE FROM Markets
The IMF on Thursday backed giving debt-burdened Greece and Spain more time to reduce their budget deficits, cautioning that cutting too far, too fast would do more harm than good.
German Chancellor Angela Merkel used her first visit to Greece in five years to maintain pressure on Greek Prime Minister Antonis Samaras to meet austerity pledges, proclaiming her desire to keep the country in the euro.
Dubai-based development company Meraas on Tuesday announced the launch of Outlet Village that will take shape over a 20,000 square metres area.
Abu Dhabi has to grow at an average growth rate of 12 per cent between 2011 and 2015, in order to compensate negative growth it recorded during global financial meltdown, when oil prices plummeted.
The consumer prices in Abu Dhabi soared 1.3 per cent in the nine months of the year, as meat, fish, coffee prices rose. The food and non-alcoholic beverages group, of the index contributed 55.5 per cent to change.
Dubai Gold and Commodities Exchange, or DGCX, registered its highest ever monthly volumes in September, reaching 971,675 contracts, a 100 per cent increase from the same month last year.
Standard & Poor’s has revised 2012 growth forecast for GCC economies to five per cent from four per cent previously on increased revenues from rising oil prices.
Interest in London property is very strong at the moment, as more investors are looking towards trusted and stable investments in one of the international financial centers of the world, a top official of Berkeley Homes (Capital) said.
LONDON — Worries over the state of the global economy weighed on markets Wednesday as investors positioned themselves for the U.S. corporate earnings reporting season.