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.
HyveGeo wins Dubai Holding's top innovation award
UAE climate-tech company HyveGeo has been crowned the winner of Dubai Holding's Innovate For Tomorrow Impact Accelerator, securing pilot funding and the opportunity to test its solutions within Dubai Holding's business ecosystem.
Etihad offers free medical travel insurance for visitors
International visitors arriving in Abu Dhabi on Etihad-operated flights will receive complimentary medical travel insurance as part of a new partnership between the airline and the Department of Culture and Tourism - Abu Dhabi.
SpaceX vaults over $2 trillion valuation as stock jumps after record IPO
SpaceX jumped 23 per cent in its Nasdaq debut on Friday, as investors piled in to the world's largest IPO and bet on Elon Musk's sprawling empire spanning rockets, internet service and AI.
India curbs bulk fuel buying at retail pumps, caps diesel sales
India has barred commercial fuel buyers from purchasing gasoline and diesel from retail stations and capped daily diesel purchases to prevent local shortages amid disruptions to global supply chains due to the war in the Middle East.
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