Tourists sail in a vessel on the river Spree in Berlin. Reuters
German business morale fell to its lowest level since November 2014 in June, a survey showed on Monday, adding weight to expectations that Europe’s largest economy contracted in the second quarter.
German industrial activity is sluggish and recent data point to slower growth in the service sector, the German Economy Ministry said, adding this suggested Europe’s largest economy would experience a weak general economic trend.
Weaker demand from abroad drove a bigger-than-expected drop in German industrial orders in July, suggesting that struggling manufacturers could tip Europe’s biggest economy into a recession in the third quarter.
Germany’s second biggest city Hamburg is becoming one of the favourite travel destinations for Gulf travellers, offering them outstanding features, from great waterfront sites, high-end shopping facilities, luxurious hotels to exquisite culinary Michelin-star restaurants.
Singapore has unveiled its pavilion with its well-ventilated spaces surrounded by lush greenery, assured visitors it would be a safe place to visit during the pandemic.
Mukesh Ambani, Chairman of Group on Thursday announced the induction of Aramco chairman Yasir Al Rumayyan as an independent director on Reliance’s board, signalling the strength of the ties between the two companies.
du, from Emirates Integrated Telecommunications Company (EITC), has announced a strategic partnership with Dubai Airport Free Zone Authority (Dafza)