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Singapore / AFP China’s economic slowdown will hit growth in developing East Asia and the Pacific from this year until at least 2018, the World Bank said on Monday, warning of volatile global markets and urging caution. Regional growth is forecast to slow from 6.5 percent in 2015 to 6.3 percent this year and 6.2 percent in 2017 and 2018, ...

Tokyo / Bloomberg For global equity investors and Shinzo Abe, it’s splitsville. Starting in the first days of 2016, foreign traders have been pulling out of Tokyo’s stock market for 13 straight weeks, the longest stretch since 1998. Overseas investors dumped $46 billion of shares as economic reports deteriorated, stimulus from the Bank of Japan backfired and the yen’s surge ...

Bloomberg Greece said it’s aiming for an agreement with creditors on the next tranche of emergency loans by the beginning of May as German Finance Minister Wolfgang Schaeuble sought to play down debt relief expectations. “We have almost identical estimates with the European Commission,” Minister of State Nikos Pappas, Prime Minister Alexis Tsipras’s closest ally in the government, said in ...

Bloomberg When it comes to inflation, bond traders are finally starting to listen to the Federal Reserve. After trying, and failing, to convince investors the steep drop-off in inflation in the past year was just a short-term blip, the Fed is now winning them over. Since mid-February, the outlook for consumer-price gains has soared from post-crisis lows as oil rebounds ...

Alkesh Sharma / EMIRATES BUSINESS Unaffected by the recurrent economy fluctuations, residential sales market remained largely muted during the first quarter of 2016 in Abu Dhabi. Realtors in the Emirates capital experienced weak appetite for property purchases that was in tandem with overall market sentiment in the region. These startling findings have been revealed by CBRC Group in its recent report ...

Marib / AFP A UN-brokered ceasefire was taking hold in Yemen on Monday, raising hopes that peace talks due next week may finally resolve the country’s devastating conflict. Forces loyal to President Abedrabbo Mansour Hadi, the Shiite Houthi rebels who drove his government out of the capital, and the Saudi-led coalition that intervened in Yemen last year all pledged to ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, and Vice President of the Supreme Petroleum Council, said during his visit on Sunday to the headquarters of the Abu Dhabi National Oil Company (ADNOC) that the UAE, under the leadership of President His Highness ...

Dubai / WAM Dubai Customs continues to boost its relationships with foreign diplomatic corps aiming for more growth in Dubai’s trade with the world. In this respect Dubai Customs Director Ahmed Mahboob Musabih has welcomed Oleksandr Balanutsa, Ukrainian Consul-General in Dubai, to explore means of strengthening bilateral cooperation to deepen economic and commercial ties that bind the United Arab Emirates ...

Dubai / Emirates Business Emirates Modern Poultry Co. (Al Rawdah), the first poultry farm in the UAE to receive the ‘Halal’ certificate from Emirates Authority for Standardization and Metrology (ESMA), announced that it is investing AED 120 million as an initial investment in its new farm in Abu Dhabi’s Liwa area. With this investment, Al Rawdah will ensure further commitment ...

Ritika Sharma / Emirates Business UAE boasts of one of the highest mobile penetration rates in Middle East. However a sign of advancement, this has made the country highly vulnerable to cyber-attacks, experts believe. In the wake of aforesaid, UAE-based Axiom telecom, the region’s leading mobile reseller, has joined hands with ESET, the global pioneer of proactive security software to ...