A sculpture in front of the ECB headquarters in Frankfurt. Reuters
Several eurozone countries are seeing their borrowing costs hit their lowest levels on record as the European Central Bank (ECB) opens the door to more stimulus in the face of a faltering European industrial sector and fears of a global recession.
Businesses across the eurozone stumbled into the second quarter as demand remained weak despite more modest price rises, surveys showed on Thursday. Growth stuttered in Germany and forward-looking indicators in its Purchasing Managers’ Index suggest a contraction among manufacturers
Public debt in Greece and Italy, the two most indebted countries in the eurozone, grew last year while the bloc as a whole saw its liabilities decrease, the European Union statistics office said on Tuesday. The widening gaps in Greece and Italy, although expected,
The euro languished near a 22-month low on Thursday, weighed down by ailing growth in Germany and the spectre of political uncertainty in Spain. A surprise drop in German business morale has highlighted the divergence between economic data in the United States and the eurozone.
Nawah Energy Company (Nawah), the subsidiary created by Joint Venture partners Emirates Nuclear Energy Corporation (ENEC) and Korea Electric Power Corporation (KEPCO) to operate and maintain the Barakah Nuclear Energy Plant,
Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), has inaugurated the simulator and training centre at its Jebel Ali Power Plant and Desalination Complex.
Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, on Monday announced the arrival of the first fully-laden Capesize vessel to call at any GCC port at its quay at Khalifa Port in Abu Dhabi,