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Germany to avoid recession in 2023

25 Jan 2023

The German government has revised up its economic forecast with Europe’s largest economy now expected to narrowly avoid recession this year as inflation eases, according to its annual economic report...

Dubai SME welcomes AUIC as ‘Certified Business Incubator’

06 Nov 2022

The Mohammed bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), an agency of Dubai’s Department of Economy and Tourism (DET), has added Ajman University Innovation Centre (AUIC)...

Saudi Arabia’s MEP and economic association to strengthen ties

06 Oct 2022

Saudi Arabia’s Ministry of Economy and Planning (MEP) signs a Memorandum of Understanding with the Saudi Economic Association to accelerate research, training and data exchange amid a flurry of new...

India again hikes rates on ‘bleak’ global outlook

30 Sep 2022

India’s central bank said a “bleak” global outlook warranted its fourth rate hike in five months on Friday, as Asia’s third-largest economy struggles under the weight of chronically high inflation...

Future of financing in India is through digitisation, says FM

20 Sep 2022

Finance Minister Nirmala Sitharaman on Tuesday said that future of financing in India is going to be governed through digitisation, noting that in July 2022 alone, 6.2 billion transactions worth...

India becomes world’s 5th largest economy after beating UK: Report

03 Sep 2022

India surpassed the UK to become the fifth largest economy in the world, according to reports on Saturday. Britain has dropped behind India to become the world’s sixth largest economy,...

Global youth unemployment set to slip to 73 million in 2022: UN

11 Aug 2022

The total global number of unemployed youths should fall to 73 million in 2022, down by two million from the year before, the United Nations said on Thursday. However,...

UAE continues to maintain its leadership in tourism

02 Aug 2022

The UAE is continuing to maintain its regional and international leadership as a distinguished travel destination and a preferred country for living and working. Due to the directives of...

Dubai establishes Higher Committee for Future Technology and Digital Economy

26 Jul 2022

Under the directives of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to make Dubai a leading global economic hub and in line...

Hyundai to invest $5.5 billion in US

21 May 2022

South Korea’s Hyundai Motor Group said it plans to invest about $5.54 billion to build its first dedicated full electric vehicle (EV) and battery manufacturing facilities in the United States....

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