The UAE economy is predicted to pick up pace towards the end of 2015. Frost & Sullivan reveals the Emirates, along with Saudi Arabia will be able to ride out the drop in oil prices due to a strong non-oil sector. High public spending on education, healthcare, transport and water infrastructure will lead the two economies. Meanwhile, the firm predicts Algeria and Nigeria will continue to deal with the decline in exports and depreciation in currency.
US-India trade deal could be signed in 3-4 months, US official says
A long-awaited US-India trade agreement could be signed within the next three to four months, a senior US official said on Wednesday, indicating negotiations between the two sides have been virtually completed.
Trump announces 50% tariffs on wide range of Canadian imports
US President Donald Trump has announced sweeping new tariffs of up to 50 per cent on a broad range of Canadian imports, opening a new front in the trade dispute between the neighbouring countries.
Fitch assigns Invest Bank long-term credit rating of 'BBB+'
Fitch Ratings has assigned Invest Bank (INB) its first long-term credit rating of BBB+ with a stable outlook, marking the institution’s strong financial profile and positioning the bank for sustainable long-term growth.
ADNOC approves $6.2bn investment to expand UAE gas production
ADNOC has approved a $6.2 billion (AED22.6 billion) investment to develop the Umm Shaif Gas Cap project, as it steps up plans to expand the UAE's natural gas production and liquefied natural gas (LNG) exports.
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