Japan’s Aso brings little home from G-20
Aso’s meeting with Mnuchin confirmed clear differences on trade policy
Latest World, UAE Economy News
Mnuchin urges IMF to correct trade imbalances
His comments lay bare the differences between the Trump administration and the IMF
Dubai’s GDP reaches Dh389b in 2017
Strategic sectors contribute 72.2% to growth
World economy main threats: protectionism, debt
The global debt burden clouded the IMF’s otherwise upbeat outlook of the world economy
Poor countries most at risk from trade war
Escalating trade dispute could derail recovery, put ‘many jobs at risk’, Roberto Azevedo says
DCT Abu Dhabi launches roadshow in Saudi Arabia
Delegation is meeting with commercial interests from a variety of sectors, including aviation, hotels and entertainment
Turkey’s debt metrics ringing crisis bell
Nation’s 7.4% economic expansion last year has taken its toll on Turkey’s current-account deficit
Turkish consumer confidence rises
Current level of confidence reflects a pessimistic outlook
Kenya lifts logging ban
Country is the world’s largest exporter of the black variety of tea leaves
RBI makes surprising tilt toward rate hike
Deputy Governor Viral Acharya says there is a revival in investment activity and an improvement in capacity utilisation
US companies upbeat about business in Germany
More than half of US companies in the country want to hire extra employees and invest more
China ready to deal with US trade row fallout
US miscalculating if it is determined to contain China’s rise - spokesman
Lagarde warns against harming trade, investment
Lagarde urges US and China to resolve their disputes through dialogue
Dh336.32b Central bank foreign currency balance
Recorded hike in foreign assets has resulted from the growing bank balances
Iran lawmakers want central banker fired
Accuse Governor Valiollah Seif of mismanaging the banking industry and currency markets as the rial weakened to a record low
Business Analysis
Kuwait goes through motions with latest budget
But positives are there and in the form of the higher oil revenue projections
Being blase about the next US mega-bank failure
This explains why all creditors seem to be treated alike on their exposures
A perfect example of how not do a trade deal
The US has essentially forced South Korea’s hand in renegotiating the terms of the pact
Latest Banking News
The UAE: An emerging hub for the super-rich
Banks in the UAE rush to take advantage of a booming market in wealth management
Emirates NBD’s Q1 net profit up 27% to Dh2.4b
Higher profits supported by improved margins and lower cost of risk
Emirates Islamic posts Dh209m Q1 net profits
Enhanced collection drive, lower cost of risk resulted in 24% lower impairments
