Employees of German car manufacturer Porsche assemble sports cars at the Porsche factory in Stuttgart-Zuffenhausen, Germany. Reuters
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.
Germany’s spluttering economy returned to growth in the first quarter as consumers spent more freely and construction activity picked up, but the government said the outlook remained clouded by trade disputes. Gross domestic product (GDP) rose 0.4% quarter-on-quarter,
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.
The Sharjah Entrepreneurship Center (Sheraa) and the Ministry of Culture and Youth have launched the Access Sharjah Challenge with an equity-free prize pool of $100,000 open to top startups from across the Middle East and North Africa (MENA).
The General Civil Aviation Authority (GCAA) revealed the total number of passengers travelling to the UAE grew in August 2021 to over 2.5 million, compared to 814,000 in the same period of 2020, surging by 207 per cent.
Sheikh Hamdan said Dubai has been able to create an exceptionally safe platform for global and regional industry players to resume networking, sharing ideas and innovation and exploring partnerships.
The project also aims to increase operational efficiency and improve services for fishermen and providing cooled storage spaces and fish processing service, enabling them to better benefit from the fish-rich coasts of Mauritania.