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.
UAE to invest up to $50 billion in Canada's AI and energy sectors
The UAE will invest up to $50 billion in Canada under a framework that includes projects in artificial intelligence, energy and mining sectors.
Trump signs order to remove tariffs from Brazilian food products
US President Donald Trump on Thursday has removed his 40 per cent tariffs on Brazilian food products, including beef, coffee, cocoa and fruits that were imposed in July following the prosecution of former president Jair Bolsonaro.
G42 receives US approval for advanced AI chip exports
G42 has welcomed the White House’s decision to authorise the export of advanced AI semiconductors to the Abu Dhabi-based AI company.
UAE's CEPA talks with Japan and EU enter advanced stage
The UAE's negotiations on Comprehensive Economic Partnership Agreements (CEPA) with Japan and the European Union are now in advanced stages.
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