Cabinet approves smaller federal budget for 2016

THE UAE cabinet approved a slightly smaller federal budget for 2016, state news agency WAM reported, in a sign that the country is curbing expenditure because of low oil prices.Next year’s budget was set at Dhs48.56 billion ($13.2 billion) with a [...]

Domino effect?

Sharjah’s residential real estate market is showing signs of replicating Dubai, writes James Gavin [...]

Getting connected

Could a fledgling ICT sector help Palestine’s sterile economy circumvent Israeli controls impeding growth? [...]

UAE: SME loans jump

HSBC has launched a Dhs1 billion ($272,240) fund for small and medium enterprises (SMEs) in the UAE, forecasting that loans to the sector will grow 20 per cent this year. The fund, HSBC’s third such fund in the country, is open to new and existing c [...]