The International Monetary Fund’s (IMF) forecast for the UAE’s economic growth remains unchanged at 3%. That’s despite downgrading its global forecast this year to 3.1%, from 3.3% in July, indicating a risk of a recession. The fund has also adjusted its forecast for 2016, from 3.8% to 3.6%. Its latest World Economic Outlook says the developed world is performing well, but emerging markets are weak, resulting in slower growth.
Dubai sets new rules to regulate petroleum trading
Dubai has introduced new regulations related to the trading of petroleum products across the emirate.
DXB set for a strong year-end travel peak with 10 million guests expected
Dubai International (DXB) is preparing for a strong year-end travel wave, with forecasts indicating over 10 million travellers set to pass through the airport from November 27 to December 31.
Australian delivery workers set to gain minimum pay in landmark deal
Australian food delivery workers are on course to gain minimum pay levels after Uber Eats and DoorDash struck a deal with the country's transport union that is being hailed as a world first.
Dubai Airshow 2025 attracts over AED741.8 billion in deals
The 19th edition of the Dubai Airshow has set a historic record with deals surpassing AED741.8 billion ($202 billion), achieving double the AED370.9 billion ($101 billion) secured at its 18th edition in 2023.
Sheikh Hamdan, Sheikh Theyab attend EGA’s 50th anniversary celebration
Emirates Global Aluminium (EGA) is marking its 50th anniversary and a decade since the merger of Emirates Aluminium and Dubai Aluminium that created the company.
