A host of risks — including turbulence in financial markets, slower growth in economies like China, weak growth in other developed countries and prospects of Brexit — cast shadow on British economy, forcing it to take more austerity measures. With such measures in place, it is quite interesting to see where the additional cuts would be made. Presenting the annual ...

The U.S. Federal Reserve’s latest economic projections contain an encoded message crucial to understanding the central bank’s policies: Inflation has been stuck below the Fed’s target in part because officials don’t actually want to get it back up. It’s important to recognize that the Summary of Economic Projections, released four times a year, does not consist of forecasts about the ...

Asia’s major economies marked International Women’s Day 2016 with relatively little fanfare, despite the demographic imperative that confronts the aging populations of China, Japan and South Korea. According to the Asian Development Bank (ADB), Asian corporate boardrooms have low gender diversity despite moves such as Japan’s “Womenomics,” although the bank blames societal issues rather than deliberate hiring decisions. In its ...

The value of the Canadian dollar and the price of oil, one of the nation’s top exports, have both tumbled to near record lows. But those details — and the apparent demise of the Keystone XL pipeline — don’t begin to tell the story of what lies ahead for the economy of Canada, America’s second-largest trading partner. Last year, Canadian ...

On Tuesday, Special Representative of the Secretary-General for Afghanistan Nicholas Haysom briefed the UN Security Council on Afghanistan. He launched his remarks by noting that the country is “being as severely tested as it was in 2015.” Afghanistan, Haysom said, faces several challenges: “a contracting economy characterized by low growth and high unemployment; an intensifying insurgency regarded by some as ...

DUBAI / Emirates Business Amanat Holdings PJSC, the region’s largest integrated healthcare and education company, has announced its net profit of AED50.6 million for the period since inception on November 17, 2014 to December 31 last year. Amanat reported total income of AED89.6 million, comprised mainly of AED57.3 million of gain and dividends from Al Noor Hospitals Group and an ...

DUBAI / Emirates Business Mashreq Private Banking has announced its partnership with Art Dubai Modern for the third year in a row. Mashreq is associated with Art Dubai Modern in various aspects since 2014. Ayman Abuhabsa, Head of Private Banking, Mashreq commented, said, “We are thrilled to be part of the continued success of Art Dubai Modern year after year ...

DUBAI / Emirates Business Go Smart, the Dubai based software and mobile application developer, has developed a fully integrated and complete software solution for use by medical clinics called ‘smart clinic’. In a research conducted by Go Smart, the company found that nearly 80 percent of medical clinics in the UAE, which numbered 6,303 in 2014 in the UAE, use ...

DUBAI / Emirates Business wasl properties has announced the successful completion of its highly anticipated wasl hub project. The real estate management company, a subsidiary of wasl Asset Management Group, has strategically aligned its projects with Dubai’s plan to provide residents in established areas of Dubai with quality living. Its recent projects include wasl hub and wasl duet in Karama ...

DUBAI / Emirates Business Najd Rent-a-Car, one of the UAE’s leading automotive rental providers and a member of the Al Basel Group of Companies, has revealed its move to further invest AED5 million for the acquisition of eight new luxury cars to be added to its current fleet of vehicles in 2016. The move is part of the company’s continuing ...