The International Monetary Fund (IMF) has raised its economic growth forecast for the Middle East and North Africa this year, despite a gloomy global prediction. The regional economy is now expected to grow by 3.4%, up from 3.1% in April. Globally, growth is forecast at 3.1%, compared to 3.2% three months ago. IMF largely blames the negative outlook on Brexit, saying the financial and oil markets started recovering earlier this year, under the assumption that the UK would remain in the EU.
Nakheel unveils premium waterfront villas at Palm Jebel Ali
Nakheel, a member of Dubai Holding Real Estate, has announced the launch of an exclusive collection of waterfront villas at Palm Jebel Ali, marking a new chapter in the evolution of Dubai’s most ambitious island development.
Dubizzle Group delays planned IPO on Dubai Financial Market
Digital classifieds leader Dubizzle Group has postponed its planned initial public offering (IPO) on the Dubai Financial Market.
Marjan, RAK Hospitality Holding announce landmark merger
A major strategic merger is set to reshape the future of development and tourism in Ras Al Khaimah.
UAE unveils plan to build next generation of Emirati family entrepreneurs
A new national initiative is set to train 1,000 Emirati entrepreneurial families across the UAE in business and project management.
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