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HuaweiThe New York Times, citing the challenging economy, eliminated 50 non-newsroom positions on Wednesday.
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European Central Bank President Mario Draghi said interest rates remain supportive and policy makers still expect a gradual economic recovery this year even as latest data cloud the outlook.
The UAE Ministry of Economy is mulling the establishment of another market to list shares of private companies, a ministry circular obtained by Bloomberg News shows.
Growth in business activity in the UAE’ non-oil private sector quickened to a 10-month high in April, a purchasing managers’ survey showed on Thursday.
Al Maya Group on Thursday launched some of the fast moving Indian consumer brands in the presence of Sanjay Verma, Consul General of India in Dubai at Al Maya Supermarkets/Hypermarket.
Pakistan and India bilateral trade is expected to reach $10 billion during the next three years, a top official said.
Pakistan’s Federal Minister for Commerce Makhdoon Amin Fahim on Thursday met top delegates of Libya, Togo and Poland on the sidelines of the ATM 2012.
Pakistan is keen to sign free trade agreement with the GCC states and has accelerated the process to conclude the deal as soon as possible, a top official said.
Turkey, one of global tourism hot spots, drew a bigger number of tourists from the GCC, particularly from the UAE, said the Turkish Tourism and Culture Office in Dubai.
France, one of most sought-after global tourist destinations, is hoping to tap more aggressively the high spending holiday travellers from the Middle East, a senior official of the country’s tourism department said on Wednesday.