Finance World

The Dubai economy continued to witness strong economic progress despite challenging regional and global economic conditions. The sustained growth supports the UAE Centennial Plan 2071, which seeks to further raise living standards for future generations and create a sustainable society.

Currencies

Head & shoulder break still intact

At the beginning of the week, the market was hoping the bill could pass the Congress before Thanks giving, but now there are doubt there's actually a bill to discuss. The Senate tax-reform proposal has strong divergences with the one debated in the House, as senators are more focused on helping the middle class, something that the previous version over looked. Due to these concerns voting got delayed to this coming week. As per the US treasury Secretary he is confident of reconciling the differences and positive that will get the tax bill to Trump in December.

GCC states must increase their investment in value-added oil and gas processing to support sustainable, long-term economic growth, one of Kuwait’s leading industry executives said today.

Advances in the multi-billion dollar nanotechnology market will be under the spotlight when ICT system integrator, Waseela, welcomes 2016 Nobel Laureate and pioneering nanotech scientist, Sir Fraser Stoddart, and Intel Corporation’s former nanotech R&D Director, Dr. Youssry Botros, to a live discussion in Dubai.