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Asia factory growth cools on weak global demandGrowth in Asia's manufacturing sector cooled in February as the pace of economic recovery slackened, according to factory surveys and trade data on Friday that pointed to continuing weakness in the strength of global demand More… |
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Global economies 'far off from recovery'The global financial crisis is either a result of the inefficiency of markets or has been caused by government interfering in market and was likely to take a long time to recover, said an expert. "On the one hand you can look More… |
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Nakheel profit up 57pc to $550 millionIndebted Dubai property developer Nakheel posted a 57 percent rise in full-year profit, saying its earnings growth showed the emirate's real estate sector was in recovery. House prices plung More… |
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World Bank cuts growth outlook for this yearA frustratingly slow economic recovery in developed nations is holding back the global economy, the World Bank said on Tuesday, as it sharply cut its outlook for world growth in 2013. The World More… |
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UAE banks to seek easing of mortgage rulesCommercial banks in the United Arab Emirates plan to ask the central bank to delay and soften new rules placing caps on mortgage loans for residential housing, banking industry sources said. A c More… |
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UAE risks slowing property recovery with new rulesLast September, people lined up for hours in a square outside the headquarters of leading Dubai real estate developer Emaar Properties, waiting for a chance to buy units in a luxury apartment complex. The complex, in a fashionable More… |
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Al-Mojil Group shareholders reject liquidationShareholders in Saudi Arabia's Mohammed Al-Mojil Group (MMG) have rejected the idea of liquidating the construction company, which is burdened by heavy losses and debt. The company's rec More… |
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Emerging market recovery 'remains elusive'The emerging markets' growth continued to moderate in the third quarter as sustained expansion in service sector activity was offset by a fall in manufacturing as global demand softened, said a report. Th recovery in the emerg More… |
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Dubai on recovery path, Abu Dhabi way behindWithin a general atmosphere of improving investor confidence and an optimistic business outlook across the UAE, Dubai remains a more robust market, while Abu Dhabi is way behind its neighbouring emirate in terms of the timing of recovery, said a More… |
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Bahrain on road to economic recoveryBahrain is well on the road to economic recovery, thanks to a surge in the international arrivals and tourism more generally looking up after a challenging 2011, says a major new report by Oxford Business Group. The tourism sector More… |
