German central bank sees signs of recession 'multiplying'

The German central bank said Monday it was increasingly likely that Europe's largest economy would shrink for a "prolonged" period as Russia throttled energy supplies to the continent.

Indian exports to GCC surge by 44% to $43.9 billion

The two-way trade between the UAE and India stood at $43.3 billion in 2020-21, including Indian exports worth $16.7 billion and imports at $26.7 billion. In 2019-20, the bilateral trade value was $59...

COVID-hit Shanghai unveils $257 billion in projects in infrastructure push

The economy of China’s biggest city slumped 13.7% in the second quarter, the worst performance among all 31 of China’s province-level regions.

Nestle has signed two syndicated loans totalling 10 billion euros ($13.54 billion) which will...

Publish: 1 Oct 2013 - 16:46

Total real estate transactions crossed the Dh5 billion mark, an all-time high in a single day, as investors rushed to...

Publish: 1 Oct 2013 - 14:11

Pakistan agreed last November to open up more trade with India by replacing a list of items its bigger neighbour can sell across the border with a...

Publish: 17 Feb 2012 - 17:37

The commerce and trade ministers of the Saarc member countries were in Islamabad for the sixth meeting of the South Asian Free Trade Agreement (...

Publish: 17 Feb 2012 - 17:18

The Financial Action Task Force (FATF) has found that those five countries are flaunting recommendations made to them towards fighting money-...

Publish: 17 Feb 2012 - 16:43

Iran’s Oil Ministry today denied a report...

Publish: 16 Feb 2012 - 20:17

Investment by overseas companies fell 0.3 per cent year-on-year to $10.0 billion last month, the commerce ministry said, compared with $12.2...

Publish: 16 Feb 2012 - 19:51

Australian unemployment posted a surprise drop to 5.1 percent Thursday with 46,300 jobs created in January — quadruple...

Publish: 16 Feb 2012 - 19:20

In a three-hour conference call on Wednesday, the ministers scrutinised Greece's planned budget cuts. The single currency bloc praised Greece's "...

Publish: 16 Feb 2012 - 19:07

"Local banks don't give us letters of credit anymore to export food to Iran, but we are grateful for the private loans from our Omani friends,"...

Publish: 16 Feb 2012 - 18:25

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