Global Agenda summit to discuss challenges in global economy

Abu Dhabi: The last two years have seen various global economic challenges, the biggest of which have been the slowdown in the Chinese economy, the depreciation of the euro, and the political crisis in the Middle East, Sultan Al Mansouri, the UAE’s Minister of Economy, said on Sunday.

Speaking at a press conference to mark the opening of the World Economic Forum Summit on Global Agenda, Al Mansouri said that the event aims to discuss challenges in the global economy, as well as what can be done to overcome such challenges.

The key challenges identified this year include economic growth levels, employment and human capital, food security, resource scarcity, gender parity, the future of the internet, international trade, long-term investments and the future of the global financial system.

Global Agenda summit to discuss challenges in global economy

 

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Source: Gulf News

UAE investors said to up interest in Spanish real estate market

UAE investors are showing increasing interest in the Spanish real estate market as it rebounds from economic troubles, according to Chestertons.

The property agency said housing sales grew by 8 percent in the first half of the year in Spain, with more UAE and Gulf buyers looking to invest.

Brennon Nicholas, head of international sales, Chestertons MENA, said: “Spain is now being viewed as the next hotspot real estate market after top investment destinations like London, Paris and New York.

UAE investors said to up interest in Spanish real estate market

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Source: Arabian Business

Dubai economy to grow 4 per cent this year as trade and tourism benefit from cheap oil

Dubai’s economy is set to expand by 4 per cent this year as the lower oil price benefits sectors such as trade and tourism, said a leading official.

Growth in India and the United States, as well as rising demand in Europe, would also boost the emirate, said Sami Al Qamzi, the director general of Dubai’s Department of Economic Development (DED).

“We are predicting an increase in tourism activities and retail and they are two of the main sectors in Dubai,” said Mr Al Qamzi.

“The drop in oil prices is good news to our trade partners.”

Dubai economy to grow 4 per cent this year as trade and tourism benefit from cheap oil

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Source: The National

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