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    UAE’s property sector growing despite challenges of pandemic

    03 Jul 2020

    The UAE’s property sector performing well in the current challenging times of COVID-19 pandemic. The UAE government has announced various incentives and initiatives to mitigate the impact of coronavirus on national economy.

    Eurozone business slump eases in June as lockdowns relaxed

    03 Jul 2020

    The plunge in eurozone business activity caused by lockdowns imposed to stop the spread of the coronavirus eased sharply last month as more businesses reopened and people ventured out, a survey showed on Friday.

    China’s services sector grows at fastest pace in over a decade

    03 Jul 2020

    China’s services sector expanded at the fastest pace in over a decade in June as the easing of coronavirus-related lockdown measures revived consumer demand, a private survey showed on Friday, though companies continued to shed jobs.

    Initiative to boost UAE tourism

    04 Jul 2020

    Amid strong efforts to boost tourism in Dubai after the resumption of activities and the adoption of the private sector of the UAE initiatives to revive the economy, Emirati entrepreneur Mohamed Al Marzouqi CEO of ‘RPM’ for rental car,

    Dubai Tourism shares industry outlook with stakeholders

    04 Jul 2020

    The Department of Tourism and Commerce Marketing (Dubai Tourism) hosted a virtual forum for stakeholders and partners to share its industry outlook ahead of the city’s reopening to international tourists on 7 July.

    Schlumberger slashes 21,000 jobs amid pandemic

    24 Jul 2020

    Schlumberger is cutting more than 21,000 jobs as the global coronavirus pandemic quashes demand for energy and oil prices are routed. The company will pay more than $1 billion in severance benefits.

    Gold breaks $1,900/oz barrier as Sino-US row drives flight to safety

    24 Jul 2020

    Safe haven gold pierced the $1,900 per ounce ceiling on Friday for the first time since 2011 as a worsening US-China row added to fears over the hit to a global economy already reeling from the coronavirus pandemic.

    British retail sales bounce back almost to pre-lockdown levels

    24 Jul 2020

    British retail sales jumped back almost to pre-coronavirus lockdown levels in June when non-essential stores in England reopened, giving a boost to beleaguered clothing stores.

    UAE, China to cooperate in digital economy transition

    18 Jul 2020

    Bilateral trade between the UAE and China will continue to surge in the coming years due to the strong trade relations and people-to-people synergies between the two countries as they transition to the digital economy.

    Excess liquidity can encourage risk-taking

    18 Jul 2020

    Unconventional financial tools such as frequent liquidity injections may restore credit flows and facilitate recovery but run the risk of asset price overvaluation, said Dr. Patrick Lenain, Assistant Director at the OECD, France.

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