Traders work on the floor of the New York Stock Exchange on Thursday. Associated Press
The head of the International Monetary Fund said on Tuesday that fresh trade tensions between the United States and China were the main threat to the world economy.
Policymakers from the Group of 20 industrialised countries are worried that the weakness evident in key economies could spread, especially if elevated trade tensions, such as those between the United States and China, escalate further.
The United States and China said they made progress in trade talks that concluded on Friday in Beijing that Washington called “candid and constructive” as the world’s two largest economies try to resolve a bitter, nearly nine-month trade war.
Major revivals are taking place in the European aviation industry. Polish carrier LOT is acquiring Thomas Cook’s German airline Condor. The deal to create a leading aviation group in Europe carrying more than 20 million passengers a year.
Sainsbury’s has revamped top management to revive operations. The company has picked retail and operations director Simon Roberts to succeed CEO Mike Coupe, the architect of the British supermarket
Cities in the Middle East and Africa (MEA) are gaining momentum, with Dubai, Riyadh and Nairobi all ranked within the top 20.
The bank said its balance sheet reflects strong performance and sound financial position, with total assets reaching Dhs46.4 billion at the end of 2019, 3.7 per cent increase in comparison to the Dhs44.7 billion achieved at the end of 2018.