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IMF projects another bad year for Central Asian economies

  The International Monetary Fund released its world economic outlook this week, and the news isn’t good for Central Asia. According to the IMF, recovery will be put off until at least 2017, for reasons frequent readers will find familiar: the Russian recession and low oil prices. “The economic outlook for the Commonwealth of Independent States remains very weak, reflecting ...

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AED330mn biz deals sealed at Dubai Derma

  Dubai / WAM The 16th edition of the Dubai Derma Conference and Exhibition concluded on Thursday after three days of tremendous success with a consensus from all its visitors, participants, and speakers that Dubai Derma has surpassed all expectations and witnessed a great success. The event succeeded to attract over its 3 days 12,500 visitors and participants. Dr Abdul ...

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UAE world’s 2nd largest aid donor

  ABU DHABI / WAM The UAE maintained, for the third time in a row, its ranking as one of the 10 largest donor states in the Official Development Aid (ODA) in 2015, according to official data collected by the OECD’s Development Assistance Committee (DAC). According to DAC’s data, the UAE posted the highest ODA to Gross National Income (GNI) ...

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