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04/04/2017 at 14:59h

UAE retail sector’s worth to reach USD 71 billion

The estimate for 2021 was made by the Dubai Chamber of Commerce and Industry. The sector is expected to grow 4.9% per year in the country. In 2016, Dubai added 250,000 square meters in new retail stores.

31/03/2017 at 13:17h

Economy off to sluggish start this year

Brazilian Central Bank data show economic activity dropped in January from December for the seventh month in a row, this time by 0.2%.

31/03/2017 at 13:13h

Brazil has 13.5 mn unemployed

The unemployment rate of the December to February period reached 13.2%, according to the Brazilian Institute of Geography and Statistics. Both the rate and the number of unemployed are records.

30/03/2017 at 12:30h

Central Bank sees 4% inflation

If the projection proves true, then Brazil’s Extended National Consumer Price Index (IPCA) will be lower than the midpoint of the target range set by the monetary authority.

29/03/2017 at 18:20h

Arab diaspora willing to invest in countries of origin

A research by the World Bank shows that MENA immigrants feel connected to their places of origin and want to contribute to their development. For 26%, their interest increased after the Arab Spring.

28/03/2017 at 12:48h

ILO: unemployment to grow in the world

The International Labor Organization director-general said the number of jobless people will keep climbing for years to come and questioned countries’ approaches to addressing the economic crisis.

27/03/2017 at 13:23h

Inflation estimate from market players drops

Results in the Focus Bulletin, a Central Bank poll of the expectations of Brazilian banks, went down for the third week back-to-back.

27/03/2017 at 13:18h

Consumer confidence the highest in 27 months

The index increased 3.5 points in March and reached 85.3 points, its highest level since December 2014.

24/03/2017 at 17:24h

Foreign investments in Brazil hit record

Investors from abroad placed USD 16.8 billion in the Brazilian economy in the first two months, with these investments finding their way to almost all sectors: industry, services and mining.

22/03/2017 at 16:38h

Government revises down GDP projection

The Brazilian Ministry of Finance sees the economy growing by 0.5% this year, down from a prior forecast of 1%.

21/03/2017 at 13:03h

Household consumption intent up

The index measured by the National Commerce Confederation for Goods, Services and Tourism increased 0.9% in March over the same month of last year.

16/03/2017 at 17:31h

Jordan’s GDP could increase slightly in 2017

The assessment was made by the IMF. After growing 2% in 2016, the country’s economy should see modest growth driven by a rebound in exports, tourism and remittances from abroad.