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19 percent surge in UAE tourists going to Turkey

  DUBAI / Emirates Business Turkey has strengthened its status as a top holiday destination for the Middle East’s residents, over the course of 2015, visitor numbers from the region climbed tonearly three million, marking a significant increase from 2014. Visitor numbers from the UAE scaled up to 51,600 visitors – a near 19 percent increase from the 43,469 visitors ...

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UK economy loses pace as OECD warns of Brexit damage

  Bloomberg The U.K. economy lost momentum in the first quarter as services posted their weakest performance for almost a year and industrial production continued to decline. Economic growth slowed to 0.4 percent from 0.6 percent in the final three months of 2015, as forecast in a Bloomberg survey of economists. The estimate, published by the Office for National Statistics ...

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Pound’s advance shows Bremain’s dominance

  Bloomberg The pound rose for a fourth day versus the dollar as data showed that U.K. economic growth slowed in the first quarter, further evidence that the currency’s direction is being driven by investors’ view on the nation’s June referendum on its membership of the European Union. Sterling touched the highest level versus the U.S. currency since February on ...

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