The stock exchange in Frankfurt, Germany. Reuters
It was a stark warning about the risks ahead for the global economy, even by the forthright standards of the boss of the Organisation for Economic Co-operation and Development (OECD).
The slashing of the global economic growth forecasts for 2019 by the International Monetary Fund (IMF) and the warning that growth could slow further due to trade tensions and a potentially disorderly British exit from the European Union (EU) should serve as a wakeup call for world leaders to take corrective measures through coordinated actions.
Factory activity shrank in most Asian countries in June as the simmering US-China trade conflict put further strains on the region’s manufacturing sector, keeping policymakers under pressure to deploy stronger steps to avert a global recession.
Sultan Bin Saeed Al Mansouri, Minister of Economy, stated that China is the UAE’s leading trade partner in terms of non-oil commodities, accounting for 9.7 per cent of its total non-oil trade in 2018, valued at over $43 billion.
Pearl Initiative recently signed a Memorandum of Understanding (MoU) with the Tharawat Family Business Forum in a bid to promoting higher standards of corporate and family governance, and to support the longevity and sustainability
Dubai Land Department (DLD) has launched the Manzili initiative within the framework of a strategic partnership between public and private sectors to develop Dubai’s real estate market. It also comes under the patronage of DLD