The UAE economy is predicted to pick up pace towards the end of 2015. Frost & Sullivan reveals the Emirates, along with Saudi Arabia will be able to ride out the drop in oil prices due to a strong non-oil sector. High public spending on education, healthcare, transport and water infrastructure will lead the two economies. Meanwhile, the firm predicts Algeria and Nigeria will continue to deal with the decline in exports and depreciation in currency.
Meta delays release of Phoenix mixed-reality glasses to 2027, say reports
Meta is delaying the release of its Phoenix mixed-reality glasses until 2027, aiming to get the details right, Business Insider reported on Friday, citing an internal memo.
IndiGo's third day of mass flight cancellations throws Indian airports into disarray
Thousands of IndiGo passengers were stranded by flight cancellations on Thursday - a third day of chaos after the country's biggest airline did not make sufficient changes to its roster planning ahead of new government regulations.
UAE President receives Amazon founder Jeff Bezos
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with Amazon's Founder and Executive Chairman, Jeff Bezos, in Abu Dhabi.
Saudi Arabia forecasts deficit of $44 billion in 2026 budget
Saudi Arabia approved the kingdom's budget for 2026 with an estimated deficit of 165 billion riyals ($44 billion), the Saudi state news agency reported on Tuesday.
US holiday shoppers shake off economic blues for online spending spree
US consumers shrugged off worries about the economy after their Thanksgiving dinners and went on a $23.6 billion three-day online shopping frenzy that exceeded analyst expectations, kicking off the holiday season.
