The ADP handled 2.5 million tonnes of cargo in August.
The UAE Ministry of Finance (MoF), driven by its constant efforts to push the economic development of the country forward and in an attempt to provide innovative financial technology services (FinTech) to maintain an efficient growth in the financial sector, has signed a Memorandum of Understanding (MoU) with both; Abu Dhabi Global Market (ADGM) and the International Bank for Reconstruction and Development (IBRD).
Overall business conditions in Dubai’s non-oil private sector economy improved at the fastest rate in over four years in April. This mainly reflected the trend in new business, as employment was broadly unchanged during the month. Notably, business conditions in the wholesale & retail sector
Japan’s government slashed its economic growth forecast for this year largely due to weaker exports, in a sign the protracted US-China trade war is taking a bigger toll on the world’s third-largest economy.
The bond market is again pointing to fears of recession as the yield curve between three-month and 10-year rates inverts amid escalating trade tensions between China and the United States - one of five big themes set to dominate markets this week. Moody’s has warned that a trade war could tip the US economy into recession next year.
In recognition of the importance that Dubai holds in the global trade and investment arena, the International Chambers of Commerce (ICC) held a gala ceremony to commemorate 100 years of its existence.
Abdullah Sultan Al Owais, the Chairman of the Sharjah Chamber of Commerce & Industry, SCCI, recently received a high-level US delegation headed by Seth Oppenheim, Commercial Officer, SelectUSA Investment Summit, accompanied by George Calboh,
Panic selling continued to impact the domestic equity markets on the back of a sporadic sell-off in global indices due to the spread of coronavirus cases around the world.