The United Kingdom's economy has shrunk for the first time in seven years.
The Office for National Statistics announced on Friday that the country's GDP at the end of June contracted 0.2 per cent compared to the previous quarter.
Fears of a recession have also grown with the pound sinking further.
Britain's new Prime Minister Boris Johnson has promised to leaving the European Union on October 31 without or without an exit agreement.
Dubai Retail to open new mall on Al Khail Road in 2027
Dubai Retail, under Dubai Holding Asset Management, has unveiled Skylight Mall, a shopping destination set to open on Al Khail Road in 2027.
Beautyworld Dubai marks 30th edition with global industry showcase
Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority, has inaugurated the 30th edition of Beautyworld Dubai at the Dubai World Trade Centre.
DP World granted extension for Angola’s Luanda terminal concession
DP World has secured a 10-year extension to its concession to operate the multipurpose terminal at Angola’s Port of Luanda, extending the term through to 2051.
UAE trade deal with Eurasian Economic Union comes into force
The UAE's Economic Partnership Agreement with the Eurasian Economic Union (EAEU) has officially come into force, opening up preferential access to markets in Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.
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