The International Monetary Fund’s (IMF) forecast for the UAE’s economic growth remains unchanged at 3%. That’s despite downgrading its global forecast this year to 3.1%, from 3.3% in July, indicating a risk of a recession. The fund has also adjusted its forecast for 2016, from 3.8% to 3.6%. Its latest World Economic Outlook says the developed world is performing well, but emerging markets are weak, resulting in slower growth.
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.
Over 7,000 new Indian companies join Dubai Chamber of Commerce
The Dubai Chamber of Commerce has registered 7,579 new Indian companies in the first half of 2026.
Fast-fashion giant Shein shrinks value to up to $27 billion in Hong Kong IPO
Shein aims to raise up to $1.8 billion in a Hong Kong IPO that values the fast-fashion retailer roughly 70 per cent below its private-market peak four years ago, with a slower growth outlook set to weigh on investor demand.
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