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The contours of recession and recovery inside the EU will be drawn with forecasts this week and a quarterly snapshot next week, setting the landscape for an informal summit on growth likely by the end of May.
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Dubai shares fell for an eighth day, the longest losing streak since 2006, after US job data fuelled concern the global economy is weakening.
Online pioneer, author and Wired magazine editor-in-chief, Chris Anderson will be addressing the UAE’s top business leaders at du’s CEO Forum 2012, the third held under the aegis of the du Leadership Series.
Eros Group, leading distributor of world-renowned brands, on Sunday launched Hitachi’s revolutionary king-size eco-friendly refrigerator in the UAE that can save up to 35 per cent power consumption.
Dubai’s Mall of the Emirates has revealed that it is broadening its retail offer with the opening of over 20 new stores and dining outlets this year.
As imports continue to grow in terms of volume and higher costs, Pakistan’s foreign trade deficit has widened, but there is stopping of business. While this is good news for Pakistan’s trading partners, especially those exporting to this country, it should worries to the economic managers.
Once a poster boy of resurgent India, the telecom sector is now reeling under severe competition, rock bottom tariffs and cash crunch following the outgo on 3G spectrum auction last year.
PARIS - European planemaker Airbus suffered a fresh setback to its largest twin-engined jet development, the A350-1000, when it emerged that Gulf carrier Etihad had cancelled seven aircraft worth $2.3 billion at current list prices.
LONDON — Greek election results reignited concerns over the country’s ability to stave off bankruptcy, though losses elsewhere were trimmed on hopes that France’s new president may prompt a change in Europe’s strategy to fight the debt crisis.
NEW YORK - The S&P 500 and Nasdaq were little changed Monday, rebounding from steep losses early in the session after election results in Europe clouded the region’s outlook as it grapples with a financial crisis.