The International Monetary Fund has once again cut the world economic outlook. In the latest quarterly update the IMF put global growth at 3.2% this year, down from January's more optimistic projection of 3.4% In Washington Kevin McAleese reports...
IMF slashes global growth outlook, warns against 'derailing recovery'
More from Business
-
Dubai unveils region’s first tokenised real estate project
Dubai has launched the region’s first tokenised real estate investment project, a major step toward digitising the property sector.
-
Disciplinary, grievance procedures approved for Dubai Financial Audit Authority
A new decision has been issued regarding the operational procedures for the Central Violations and Grievances Committees under the Financial Audit Authority in Dubai.
-
UAE announces unincorporated partnerships tax decision
As part of its ongoing efforts to enhance tax transparency and improve the business environment in the UAE, the Ministry of Finance has announced the issuance of a Cabinet Decision regarding the tax treatment of unincorporated partnerships.
-
Real estate transactions in five UAE emirates reach AED239 billion in Q1
Real estate transactions across five emirates in the UAE surged to over AED239 billion in the first quarter of 2025, underpinned by investor confidence, flexible regulations, and expanding project pipelines, official data showed.
-
UAE’s $3.7 billion tech economy takes spotlight in Berlin at inaugural GITEX EUROPE
Europe’s largest inaugural tech, startup and digital investment event, GITEX EUROPE x Ai Everything, was held at Messe Berlin this week, with the UAE’s innovation taking centre stage.
News
-
Dubai achieves 70% progress on road project linking major corridorsDubai’s Roads and Transport Authority (RTA) has announced the completion of 70 per cent of the Umm Suqeim Street Improvement Project, which extends from the intersection with Al Khail Road to the junction with Sheikh Mohammed Bin Zayed Road.
-
Fire breaks out in Mussafah industrial areaAbu Dhabi Police and the Civil Defence Authority have brought a fire under control that broke out at a store in the Mussafah industrial area on Sunday.
-
H.H. Sheikh Mohammed awarded World Silk Road Forum literary honourThe World Silk Road Forum has named His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, as the Inspirational Literary Figure for Silk Road Poets.
