The United Kingdom's economy has shrunk for the first time in seven years.
The Office for National Statistics announced on Friday that the country's GDP at the end of June contracted 0.2 per cent compared to the previous quarter.
Fears of a recession have also grown with the pound sinking further.
Britain's new Prime Minister Boris Johnson has promised to leaving the European Union on October 31 without or without an exit agreement.
ADNOC and partners to develop mega gas project
Abu Dhabi's Supreme Council for Financial and Economic Affairs (SCFEA) has awarded the concession for the development and production of the Bab Gas Cap project to ADNOC and a group of international energy partners.
Bank fined AED 20 million for repeated regulatory failures
The UAE Central Bank (CBUAE) has fined a branch of a foreign bank AED 20 million for repeated failures in its anti-money laundering and counter-terrorism financing controls.
UAE announces Retail T-Sukuk subscription details
The Ministry of Finance has announced the subscription period for the UAE’s first-ever Sovereign Retail T-Sukuk Programme, offering individual investors a new government-backed investment opportunity that complies with Islamic Shariah principles.
Dubai tops global greenfield FDI rankings fifth year in a row
Dubai has topped global rankings for attracting greenfield foreign direct investment (FDI) projects for the fifth consecutive year.
Tata Electronics hit by cyber breach claiming to expose Apple, Tesla trade secret
Tata Electronics said on Monday it had detected a recent 'cybersecurity incident', after researchers said World Leaks posted purported component design and specification papers of Apple and Tesla, both customers of the Indian group.
The UAE has expanded its visa on arrival scheme to nationals of Indonesia, the Philippines, Vietnam, Thailand, Kenya, and South Africa.
Dubai will soon have the "world's first AI designed park" as part of a host of innovative projects planned for the city, announced His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai's Crown Prince and the UAE's Deputy Prime Minister.
The Museum of the Future has launched a global call for ideas to help shape its next generation of exhibitions and immersive experiences.
