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.
Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority, Chairman of Dubai Airports and Chairman and Chief Executive of Emirates Airline and Group, on Tuesday
The Sharjah Chamber of Commerce and Industry (SCCI) on Tuesday received a high-level business delegation from Sri Lanka, led by Nalinda Wijerathna, Consulate General of Sri Lanka in Dubai.
Abu Dhabi National Oil Company (Adnoc) has signed contracts worth over Dhs1 billion with four Abu Dhabi companies to provide food catering services to all Adnoc Group companies from 2022 to 2027.