Euro area is heading to a good zone
PMI went up in September against expectations of analysts of a decline...
Tag : September
Lloyds Bank sees improvement in business confidence in UK
Bounces back from the four-year low seen in September 2016...
Hiring on the decline in UAE
Highest decline is in the hospitality and oil & gas industry Suparna Goswami Bhattacharya November 7, 2016: The number of job opportunities in the UAE is on the decline. The latest Monster Employment Index (MEI), a monthly gauge of vacancies posted by employers and websites in the Middle East, shows that job opportunities dropped by...
Employment grows in the US
Businesses added 175,000 jobs to the US economy in October IFM Correspondent November 4, 2016: US employers hired more workers in October and also hiked the wages of existing workers. Businesses added 175,000 jobs to the US economy in October and 156,000 jobs in September, while the unemployment rate ticked up to 5%. “The expected...
Brexit: UK grows faster than expected
The economy grew by 0.5% in the three months following the Brexit vote IFM Correspondent November 1, 2016: Britain’s economy grew more than expected in the three months following its vote to leave the European Union despite concern that apprehension over the country’s future would weigh on business. The economy expanded by 0.5% in the...
China’s investment in Indonesia up from $600 million to $1.6 billion
Boost for President Joko Widodo’s ambitious program to build infrastructure IFM Correspondent November 1, 2016: Many countries are racing to invest in Indonesia, South East Asia’s biggest economy. Last week, Finance Minister Sri Mulyani Indrawati said the economy will probably expand 5 percent this year, making Indonesia an attractive investment destination. According to reports from...
US Fed monetary policy: A moving target
Interest rates unchanged following the September meeting Ken Taubes September 26, 2016: As expected, the Federal Reserve Board left interest rates unchanged following the September meeting of the Federal Open Market Committee (FOMC). In its statement following the meeting, the FOMC said, “The Committee judges that the case for an increase in the federal funds...
Informal OPEC meet in September does not raise hopes
Experts do not expect a major impact on oil price IFM Correspondent August 17, 2016: The past week saw OPEC announcing plans for an informal meet at the International Energy Forum in late September. The announcement comes at a time when Saudi Arabia is pumping a record amount of oil and Iran is resuming production...
Arab aviation summit ends on a high note
The event also saw the launch of a programme for young minds IFM Correspondent September 25, 2014: The global demand for aircraft will stand at 27,000 in the next two decades, states a news report in Zawya. And, according to Paul-Franck Bijou, chief executive officer, Airbus ProSky, the Middle East region is the fastest growing...