A container ship is unloaded at the Virginia International Gateway terminal in Norfolk, US, on Thursday. Associated Press
May survey data for Dubai’s private sector non-oil economy continued the recent twin themes of strengthening output growth and weak job creation.
After months of hand-wringing about the possible crash-landing of the housing market, investors awaiting quarterly earnings from No. 3 US homebuilder PulteGroup this week were ready for the worst. Their trepidation was justified. New home sales across the country had fallen for three consecutive quarters to close out 2018.
With less than 19 months left for the inauguration of the Expo 2020, its organisers have further speed up the pace of allocating contracts to thousands of local and foreign firms to ensure timely preparation of the event, which is set to be the largest of its kind in the Arab World.
A 63-year-old US-based global non-profit non-partisan organisation into educating the world about Asia is honouring Sheikha Hoor Al Qasimi, daughter of UAE Supreme Council Member and Ruler of Sharjah His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi and Her Highness Sheikha Jawaher Bint Mohammed Al Qasimi, for bridging understanding through the arts and culture.
Sterling steadied around $1.29 on Friday as dealers took a breather at the end of a dizzying week and on the eve of a vital vote on UK Prime Minister Boris Johnson’s Brexit deal.
China’s third-quarter economic growth slowed more than expected and to its weakest pace in almost three decades as the bruising US trade war hit factory production, boosting the agenda for Beijing to roll out a fresh fiscal support shortly.
Indian markets gained during the early trade on Friday as investors bought company shares with significant business in Britain after EU and Britain reached a new Brexit.
The Abu Dhabi Department of Energy (DoE) is preparing to take part in Dubai’s ‘Green Week’ event next week, as it also joins the 21st edition of the Water, Energy, Technology and Environment Exhibition (Wetex) as a ‘Diamond Sponsor’.