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US retail sales, labour market data paint upbeat scenario

19 Apr 2019

US retail sales increased by the most in 1-1/2 years in March as households boosted purchases of motor vehicles and a range of other goods, the latest indication that economic growth picked up in the first quarter after a false start.

Hong Kong Q1 GDP growth slows to near decade low

02 May 2019

Hong Kong’s economy grew at its slowest annual pace in nearly 10 years in the first quarter, an advance government estimate showed on Thursday, hit by a slowdown in exports and investment. The Asian financial centre has been buffeted by China’s slowing economy and the US-China trade war,

Australia’s economic performance allows CB to adopt suitable policy

03 May 2019

Australia’s strong economic performance of recent decades has allowed its central bank to avoid the kinds of unorthodox policies seen in other countries, but record low rates mean less conventional measures may be needed to tackle new challenges.

‘Pak economy will be strong if operational costs at ports reduce’

09 May 2019

Well renowned personality of Maritime Sector Chairman Pakistan Ship’s Agents Association (PSAA), Vice President Pakistan Stevedores Conference Ltd (PSCL), and Former Vice President Federation of Pakistan Chambers of Commerce & amp; Industry (FPCCI) Tariq Haleem says that the Pakistani nation,

Dubai’s non-oil private sector growth accelerates

09 May 2019

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

Indonesia GDP growth misses forecast as investment slows

06 May 2019

Indonesia’s economy expanded more slowly than expected in the first quarter of this year, as investment dropped ahead of elections and campaign spending failed to sustain growth momentum. Southeast Asia’s largest economy grew 5.07 per cent in January-March from a year earlier,

Egypt economy grows for the first time in 17 months

07 May 2019

Egypt’s non-oil private sector economy saw renewed growth in April, according to latest PMI data. Output expanded for the first time in nearly one-and-a-half years and new business increased at a faster rate. Input purchasing and job numbers also rose, while business sentiment towards the year-ahead outlook for activity strengthened.

Abu Dhabi hotels’ revenues up 16% in Q1

08 May 2019

ABU DHABI: The latest figures released by the Department of Culture and Tourism - Abu Dhabi for the emirate’s hospitality sector reveal that total hotel revenues for the emirate for Q1 of 2019 have increased by more than 16 per cent compared to the same period in 2018.

Saudi Arabia’s non-oil private sector sees strong growth in Q2

08 May 2019

RIYADH: Saudi Arabia’s non-oil private sector saw strong growth in both output and new orders at the start of the second quarter. Despite the improved demand environment and increased optimism among firms towards the outlook, employment showed little change.

Global shares fall again on US-China trade tensions

08 May 2019

Shares in Europe and Asia mostly fell on Wednesday and Wall Street was poised to open lower as representatives from the US and China prepared to resume trade talks in a last chance to stave off more tariff increases. Chinese trade officials headed to Washington for talks this week

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