The Gulf is set for more financial turbulence if the oil price doesn’t increase soon. That’s the word from financial services experts Standard & Poor's in their latest report. They say restraints on oil and gas prices have steered the GCC into an environment marked by weakening economic growth. The report’s economic projections for the GCC reflect a 2% decline in GDP growth for 2015 when compared to 2014.
Dubai public can turn delivery agents for extra cash under pilot project
A new pilot programme will allow individuals and small business owners in the UAE to earn an extra income for carrying out Amazon deliveries on foot in densely populated areas.
Trump's doubling of tariffs on Indian imports takes effect, hiking tensions
US President Donald Trump's doubling of tariffs on goods from India to as much as 50 per cent took effect as scheduled on Wednesday, escalating tensions between the world's two largest democracies and strategic partners.
ADGM penalises firm, directors for repeated reporting lapses
The Registration Authority of Abu Dhabi Global Market (ADGM) has issued financial penalties totalling $37,500 (AED 137,718) against Half Moon Investments Limited and three of its directors.
India braces for export hit as steep new US tariffs loom
Indian exporters are bracing for disruptions after a US Homeland Security notification confirmed Washington would impose an additional 25 per cent tariff on all Indian-origin goods from Wednesday, ramping up trade pressure on the Asian nation.
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