Tag: Economy
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Keir Starmer calls on Rishi Sunak to jumpstart economy after growth forecast cut
[ad_1] Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Keir Starmer will call on Rishi Sunak to jumpstart the economy in the upcoming King’s Speech as he tries to draw to a close to one of his most difficult weeks as…
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Ducab Group signs MoU with Somagec Group marking its entry in Angola – Business – Economy and Finance
[ad_1] Ducab Group, one of the biggest end-to-end energy solutions providers and manufacturing firms in the United Arab Emirates, has signed a Memorandum of Understanding (MoU) with leading Moroccan engineering firm Somagec Group to develop power, transmission systems, and electrification in Angola. The agreement was signed in the presence of Omar Abdulrahman Al Tunaiji, Acting…
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Ministry of Finance hosts training session on updated internal audit methodology for federal government – Business – Economy and Finance
[ad_1] The Ministry of Finance hosted a training session in Dubai titled “Key Updates to the Internal Audit Methodology in the Federal Government”. The session was organised by the Financial Policies and Government Accounting Standards Department and attended by audit directors from various ministries and federal entities. This initiative is part of the Ministry of…
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DMCC targets coffee, cacao and emeralds to deepen … – Business – Economy and Finance
[ad_1] DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – has concluded its Made For Trade Live (MFTL) roadshow in Colombia. As part of a wider roadshow in North and South America, DMCC visited the Colombian capital of Bogotá and the coffee-growing region of Risaralda, highlighting…
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India’s economy, on the upswing
[ad_1] The International Monetary Fund has recently upgraded India’s GDP growth forecast to 6.3 per cent for 2023-24, up 40 basis points from its April forecast. The RBI’s forecast remains unchanged at 6.5 per cent. While the latest geopolitical conflict in West Asia may have opened a pandora’s box, we still believe the Indian economy…
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Dubai Sees 20% Growth in Funding for Start-ups at TECOM Group’s in5 – Business – Economy and Finance
[ad_1] in5, part of TECOM Group PJSC and the region’s leading innovation and entrepreneurship platform, has recorded a 20% increase in total funding raised by start-ups within its ecosystem since its inception to more than AED 2.9 billion, solidifying its position as a key player in the regional start-up ecosystem.During the first nine months of…
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Economy to ‘stagnate,’ federal deficit expected to balloon to $46.5B this year: PBO
[ad_1] The parliamentary budget officer says higher interest rates will lead the economy to stagnate in the second half of the year and suggests the federal deficit will rise significantly this fiscal year. The PBO office released its economic and fiscal outlook Friday, providing updated projections for the economy and federal finances as high interest rates…
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Mohammed bin Rashid, Georgian Prime Minister witness signing of UAE-Georgia Comprehensive Economic Partnership Agreement – Business – Economy and Finance
[ad_1] His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and Irakli Garibashvili, Prime Minister of Georgia, today witnessed the signing of a Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Georgia. The CEPA aims to double non-oil trade from $481 million to…
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UK economy set for weakest growth in G7 as IMF cuts its forecasts
[ad_1] For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Britain will see sustained higher interest rates and the weakest economic growth across the G7 next year, according to the International Monetary Fund (IMF). In a blow…
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Fragile Global Economy Faces New Crisis in Israel-Gaza War
[ad_1] The International Monetary Fund said on Tuesday that the pace of the global economic recovery is slowing, a warning that came as a new war in the Middle East threatened to upend a world economy already reeling from several years of overlapping crises. The eruption of fighting between Israel and Hamas over the weekend,…