New figures this weekend show the US economy grew at a slower than expected pace last quarter. Quarter four GDP came in at 1.9 per cent. That’s a drop from 3-and-a-half per cent the quarter before. GDP for the year is estimated at 1.6 per cent, the slowest growth in five years. However, economists are expecting stronger growth in 2017. President Donald Trump promised to lift growth to 4 per cent through tax cuts and infrastructure spending.
DXB welcomes 31.5 million guests in H1 amid regional disruptions
Dubai International (DXB) has welcomed 31.5 million guests during the first six months of 2026 following one of the "most challenging operating environments" in the airport's history.
Dubai continues to lead global cities in cultural and creative FDI
Dubai has ranked first globally for the number of Greenfield foreign direct investment (FDI) projects in the cultural and creative industries for the fourth consecutive year.
Volkswagen CEO faces angry workers in push for radical cuts
More than 10,000 Volkswagen workers gathered at the carmaker's headquarters on Tuesday, some booing CEO Oliver Blume as he urged staff to "pull together" behind a restructuring that could cut up to 50,000 jobs, sources at the meeting said.
Parkin and Bahrain's Amakin team up on smarter parking solutions
Dubai’s Parkin is teaming up with Bahrain Car Parks Company (Amakin) to explore smarter and more connected parking services across the GCC.
Trump threatens 50% tariffs on all cars and trucks from Canada
US President Donald Trump sought to boost pressure on Canada on Monday, warning that tariffs on all cars, trucks and automotive parts from the country would be increased to 50 per cent starting January 1 after trade talks collapsed over the weekend.
