Bloomberg The sinking global economy is suffering through a colossal disinflationary shock that could briefly push it into dangerous deflation territory for the first time in decades. With many national economies all but shutting down in an effort to contain the coronavirus, prices on everything from oil and copper to hotel rooms and restaurant take-out are tumbling. “A powerful disinflationary ...

Abu Dhabi / emirates business India’s leading manufacturer of plastic packaging materials, Shrinath Flexipack Pvt Ltd, has finalised an agreement to build its first factory in the Middle East at Kizad. The investment of AED 55 million ($15 million) will allow the Hyderabad plastics player to set up on a greenfield site within Kizad’s Polymers Park. The new facility will ...

Abu Dhabi / Emirates Business The Abu Dhabi Housing Authority (ADHA) has announced that it carried out a total of 12,583 online transactions in 2019, and the number of visitors to the authority’s website reached 104,120, demonstrating a complete digital transformation for its service. ADHA said that it received the 12,583 requests through its online digital platforms, including 2,929 requests ...