Browsing: UAE

RIYADH: Annual inflation in Dubai experienced a modest decrease in February, marking a deceleration to 3.36 percent from January’s rate of 3.6 percent, according to official data.

The Dubai International Financial Centre (DIFC) has implemented the new changes to the Employment Law that require contributions to a savings scheme for Gulf nationals working at the financial hub.

Stock markets in United Arab Emirates declined on Friday, in line with global equities after a bigger-than-expected hike in U.S. inflation dashed hopes of early rate cut. MSCI’S global equity index was down 0.2%, while Hong Kong’s Hang Seng Index slid 1.4%. The mood turned cautious after a bigger-than-expected rise in producer prices in U.S. data on Thursday added to a hot consumer inflation reading earlier in the week.

During the meeting, a number of joint projects and initiatives within the Sectoral Dialogue Partnership between the UAE and ASEAN were discussed, including the development of proposed projects to serve as an action-driven cooperation agenda in coordination with the ASEAN Secretariat