Economy








Foreign insurers taking cautious look at Iran after nuclear deal

LONDON/SYDNEY: Western and Middle East insurance specialists see Iran as an appealing $8 billion market in the wake of its nuclear deal with world powers, though uncertainty over when sanctions on Teh



UAE to cut state spending by 4.2% this year

DUBAI: The government of the UAE is expected to cut spending by 4.2 percent this year as it begins to retrench because of low oil prices, which are slashing its energy export revenues, a central bank



Brent crude oil falls to 4-month low of $53.33

LONDON: Oil hit four-month lows on Monday after a steep drop in Chinese stock markets spread concerns about the economic health of the world’s biggest energy consumer and more evidence emerged of a gl



Abu Dhabi real estate market remains stable

ABU DHABI: Jones Lang LaSall (JLL), the world's leading real estate investment and advisory firm, Monday released its second quarter (Q2, 2015) Abu Dhabi Real Estate Overview report that assesses the



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