China’s slowdown may deepen as policy makers unwind the excesses of a record credit boom while only gradually increasing stimulus, leaving 2012 growth at the weakest in 13 years, Pacific Investment Management Co. says.
“The economy is unlikely to bottom until the third quarter,” Ramin Toloui, Pimco’s global co-head of emerging markets portfolio management in Singapore, said in e-mailed comments May 13. “Policy makers will progressively turn the dial toward more stimulus, but not in the aggressive manner of 2009,” restrained by the goal of tempering the credit-fueled property market, he said.
Aldar Properties launches West Yas
Aldar Properties, the Abu Dhabi-based developer, announced on Monday the launch of West Yas, a new residential development on Yas Island, with sales opening on September 12.
UAE at 2015 China-Arab States Expo
The UAE, represented by the Ministry of Economy, is to participate in the 2015 China-Arab States Expo, to be held from September 10-13 in the International Trade Center of Chinese Muslims, in the nor
Dubai's non-oil sector stays vibrant
Dubai's economy grew 3.9 per cent with its gross domestic product (GDP) rising to Dh88.7 billion during the first quarter of 2015, spurred by vibrant logistics and trading activities.