Business - GulfToday

Indias current account balance deficit grows to $68b in 2018-19

India’s current account (CA) balance deficit grew to $68 billion in 2018-19 from $49 billion the previous year, according to the International Monetary Fund (IMF), which said the deficit was justified by development needs.

10 hours ago

Danube expands into healthcare sector

After successful hospitality venture UAE’s leading business giant Danube Group, enters into the healthcare division with the launch of American Aesthetic Medical Center on Wednesday in Dubai.

10 hours ago

CUD to help boost the skills supply to UAE’s tourism sector

Canadian University Dubai (CUD) has recently joined forces with two more leading names in the hospitality industry to help boost the skills supply to the UAE tourism sector as Dubai prepares to attract 25 million visitors by 2025.

14 hours ago

IMF cuts forecast for Russian GDP growth, calls for reforms

The International Monetary Fund (IMF) cut its forecast for Russian economic growth in 2019 to 1.2% from 1.4% after a weak first quarter, saying broader reforms would be needed for stronger growth.

14 hours ago

Volvo Cars plans to cut costs

Volvo Cars on Thursday announced plans to cut fixed costs by 2 billion Swedish crowns ($214 million), becoming the latest carmaker to warn that pricing pressure and tariffs arising from the China-US trade war were denting profitability.

14 hours ago

Lagarde resigns as IMF chief, starting race for her successor

She said her resignation would expedite the selection for the next head of the IMF.

17 Jul 2019

DMCC partners with DED to introduce dual licensing scheme

DMCC - the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise - and the Department of Economic Development (DED), the Government of Dubai entity that regulates the economic activity of all onshore companies, have signed a strategic agreement to collaborate on the licensing of companies

17 Jul 2019

Three big US banks beat profit estimates; warning signs grow

New York: Three big US banks reported strong earnings even as warning signs emerged that the playing field is beginning to tilt against the financial industry. While the biggest risk ahead is that lower interest rates will pressure banks’ bottom lines in the coming months, the squeeze is already beginning. JPMorgan Chase & Co and Wells Fargo

17 Jul 2019

Kazakhstan, UAE trade ties on solid growth trajectory

The bilateral trade ties between Kazakhstan and the UAE is marching ahead and is on a solid growth trajectory as our country bids to become a regional financial centre and Fintech hub for Central Asia is deeply influenced by Dubai. This was stated by Kairat Kelimbetov, Governor, Astana International Finance Centre (AIFC), during an exclusive

17 Jul 2019

UAE and India to expand trade and investment ties

The trade and investment flow between India and the United Arab Emirates (UAE) are poised to expand rapidly with the launch of a major initiative by DP World, UAE Region. This consensus emerged on July 16 at a trade and investment seminar led by DP aWorld, UAE Region and jointly organised with the Confederation of Indian Industries

17 Jul 2019

Mexico unveils Pemex business plan, but banks underwhelmed

Mexico has unveiled parts of a keenly awaited business plan meant to bring the world’s most indebted oil company back from the abyss, but its vow of $7.2 billion in government support failed to dispel worries of a ratings downgrade. Octavio Romero, CEO of Petroleos Mexicanos or Pemex, presented the broad outlines of the 200-page plan

17 Jul 2019

EU to investigate Amazon over merchant data

The formal investigation opens a new chapter in the European Union's campaign to address the dominance of US tech firms with Google, Facebook and Apple also regular targets of regulators in Brussels.

17 Jul 2019

Local

Danube expands into healthcare sector

After successful hospitality venture UAE’s leading business giant Danube Group, enters into the healthcare division with the launch of American Aesthe...

10 hours ago

CUD to help boost the skills supply to UAE’s tourism sector

Canadian University Dubai (CUD) has recently joined forces with two more leading names in the hospitality industry to help boost the skills supply to ...

14 hours ago

CBD partners with Fewa for cash management solutions

The Commercial Bank of Dubai (CBD) recently announced a partnership agreement with the Federal Electricity and Water Authority (Fewa) to provide payme...

14 hours ago

Emaar’s use of 3D printing technology will promote the sustainable use of resources

Setting a new milestone in residential property development, global real estate developer Emaar Properties has announced plans to build its first 3D p...

15 hours ago

DMCC partners with DED to introduce dual licensing scheme

DMCC - the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise - and the Department of Economic Developme...

17 Jul 2019

Kazakhstan, UAE trade ties on solid growth trajectory

The bilateral trade ties between Kazakhstan and the UAE is marching ahead and is on a solid growth trajectory as our country bids to become a regional...

17 Jul 2019

UAE and India to expand trade and investment ties

The trade and investment flow between India and the United Arab Emirates (UAE) are poised to expand rapidly with the launch of a major initiative by D...

17 Jul 2019

Indian economy marches towards $5tr

Indian economy is likely to swell to $5 trillion mark ahead of its target of 2024 despite huge challenges and global trends. This was stated by T.N. M...

16 Jul 2019

World

Indias current account balance deficit grows to $68b in 2018-19

India’s current account (CA) balance deficit grew to $68 billion in 2018-19 from $49 billion the previous year, according to the International Monetar...

10 hours ago

Stocks slump as US-China trade war drags on corporate earnings

Global shares slipped on Thursday on growing signs that a trade dispute between the United States and China was taking a toll on corporate earnings, w...

10 hours ago

IMF cuts forecast for Russian GDP growth, calls for reforms

The International Monetary Fund (IMF) cut its forecast for Russian economic growth in 2019 to 1.2% from 1.4% after a weak first quarter, saying broade...

14 hours ago

Volvo Cars plans to cut costs

Volvo Cars on Thursday announced plans to cut fixed costs by 2 billion Swedish crowns ($214 million), becoming the latest carmaker to warn that pricin...

14 hours ago

Lagarde resigns as IMF chief, starting race for her successor

She said her resignation would expedite the selection for the next head of the IMF.

17 Jul 2019

Three big US banks beat profit estimates; warning signs grow

New York: Three big US banks reported strong earnings even as warning signs emerged that the playing field is beginning to tilt against the financial ...

17 Jul 2019

Mexico unveils Pemex business plan, but banks underwhelmed

Mexico has unveiled parts of a keenly awaited business plan meant to bring the world’s most indebted oil company back from the abyss, but its vow of $...

17 Jul 2019

EU to investigate Amazon over merchant data

The formal investigation opens a new chapter in the European Union's campaign to address the dominance of US tech firms with Google, Facebook and Appl...

17 Jul 2019

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