UAE’s AI strategy to establish itself as global testing platform by 2031
The UAE Cabinet expects AI applications to drive the national GDP and create new economic opportunities
$6 bn Indonesia high-speed rail to boost China’s Belt and Road Initiative
No sovereign guarantees are provided for the project, which is a critical aspect of China's BRI
Dubai GDP to grow 2.4% in 2019; 59% firms optimistic of growth
Activities around Expo 2020 will increase GDP growth to 3.8% in 2020
UK shoppers keep economy afloat as businessmen cut investments
Retail sales volume rose 6.7% year-on-year in March boosting the sluggish UK economy
Dubai, Hong Kong sign deal to boost Islamic economy in Far East
The agreement also proposes to recognise best practices in developing Islamic finance and halal trade
Moody’s warns South Africa’s rising debt impacts investment grade
The country’s debt from state-owned enterprises could hit 65% of its overall GDP by 2023
UK ranks top on global investor appeal, despite Brexit uncertainty: EY
The biannual EY survey on potential M&A activity queried 2,900-plus senior executives worldwide
Venezuela economic recovery: US working on $10 bn fund
The US is forming a consortium to build a $10 billion trade finance fund for the Latin American country
Thailand auto industry ‘might shift to Vietnam’ after EU trade deal
The EU-Vietnam Free Trade Agreement can kill the competitiveness of Thai auto exports
New deals between Latin America and GCC can add $9.8 billion to trade flows
Trade between the two regions reached $16.3 billion in 2018 with Brazil and UAE leading trade exchanges
HSBC predicts China’s focus on the private sector will improve economy
Western economists are, however, suspicious of Chinese data saying its veracity cannot be confirmed