New figures this weekend show the US economy grew at a slower than expected pace last quarter. Quarter four GDP came in at 1.9 per cent. That’s a drop from 3-and-a-half per cent the quarter before. GDP for the year is estimated at 1.6 per cent, the slowest growth in five years. However, economists are expecting stronger growth in 2017. President Donald Trump promised to lift growth to 4 per cent through tax cuts and infrastructure spending.
Volkswagen sues India over $1.4 bn tax demand
Volkswagen has sued Indian authorities to quash an "impossibly enormous" tax demand of $1.4 billion, arguing the ask is contradictory to New Delhi's import taxation rules for car parts and will hamper the company's business plans, court papers show.
Emirates resumes Beirut, Baghdad flights
Emirates says services to Beirut, Lebanon restart from Saturday with a daily flight. The airline also confirmed it will reinstate daily services to Baghdad in Iraq on the same day.
AD Ports Group selects MAG Group Holding for Jordan project
Abu Dhabi Ports Group has partnered with MAG Group Holding to develop the first phase of Marsa Zayed, a beachfront resort and residential community on the Red Sea in Aqaba, Jordan.
Dubai DET partners with Dubai Basketball
The Dubai Department of Economy and Tourism (DET) has teamed up with Dubai Basketball, becoming one of the club’s founding sponsors.
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