Browsing: investment

The UK economy continues to avoid recession, although new forecasts indicate increasing pressure from global energy disruptions. EY increased its growth projection for 2026 to 0.9% from 0.8% in May and maintained its 2027 baseline at 1.2%. This forecast assumes the Strait of Hormuz will reopen by September, resulting in reduced tanker traffic. EY’s downside scenario estimates 0.5% growth this year and a 0.2% contraction in 2027.

On Wednesday, Dubai-based airline flydubai revealed plans to expand its routes within Europe by boosting the number of flights to major Italian airports, aiming to meet the rising international travel demand. As reported by Emirates News Agency, the airline is enhancing its operations in Italy with more flights to Milan-Bergamo and Naples, thereby strengthening direct connections between the United Arab Emirates and Southern Europe. Beginning July 31, 2026, flydubai will run a double daily service connecting Dubai International Airport with Milan-Bergamo Airport, and will also increase its flights to Naples International Airport to a daily schedule.

Italy and the GCC signed a Rome MoU to expand political consultations, regional coordination, security dialogue, trade and investment links.

PM Modi began his UAE visit in Abu Dhabi after Sheikh Mohamed received him for talks focused on trade, investment, energy and regional issues.

UAE President Sheikh Mohamed and Greek Prime Minister Kyriakos Mitsotakis discussed investment, AI and regional security in Abu Dhabi.

UAE Sierra Leone diplomacy returned to Abu Dhabi as both leaders linked trade, investment and sustainability with regional issues again.

Africa moved higher on Austria’s foreign policy agenda during an Ethiopia visit that combined AU cooperation, trade outreach and diplomacy.

Latest UAE economic data pointed to resilient growth, with non-oil sectors, exports, lending and deposits all moving higher.

Sheikh Khaled bin Mohamed arrived in Beijing for a three-day China visit aimed at deepening UAE-China ties, trade links and cooperation across key sectors.

UAE President Sheikh Mohamed bin Zayed and Italian Prime Minister Giorgia Meloni held Abu Dhabi talks on regional security, energy, trade and cooperation.