Business & Finance

Dubai sheds excess baggage, Abu Dhabi persists patiently

UAE Market Report for H1 2015 from Bayut.com

The first half of the year 2015 saw the real estate sector of Dubai losing the steam it had amassed over the last two years, hinting at a maturing market capable of sorting itself out by steering clear of extremes.

CHART OF THE WEEK: UK Recessions and Recoveries

Summary:

The preliminary GDP growth figures for the second quarter of the year, released yesterday, showed a recovery from the disappointing growth of the first quarter.

Retail sales growth up but set to cool slightly – CBI

Consumers splashing out on new clothes helped push up retail sales in the year to July, but the pace of growth is expected to slow next month, according to the CBI’s Distributive Trades Survey.

More than two-thirds of remortgagors who release equity use it to fund home improvements in June

– Record low remortgage rates drive borrowers to withdraw highest ever amounts of equity, averaging £34,500 per remortgage borrower – 23% more than their original mortgage

– Two-thirds remortgage to take advantage of the competitive rates currently on offer

Levy says neither Greece nor China changes the global picture

U.S. Economy to Continue to Grow Modestly until Global Expansion Breaks Down

Economist David Levy, writing in the just-published July issue of The Levy Forecast®

Russia Business Sentiment Down Despite Rate Cut

Expectations Fall Sharply Following Extension of Sanctions

Lower borrowing costs failed to prevent Russian business sentiment from falling slightly in July

Warren Buffett And Elon Musk To Spark A Lithium Boom

The age of electrification across the transportation sector, the solar panel revolution, and Tesla's battery gigafactory are igniting a battle for the cheapest battery.

Is your year end threatening the sustainability of your business

Does your Year End threaten the sustainability of your business? Choosing the wrong Year End could mean disaster.

US dollar pressured lower by drop in consumer confidence

Daily Currency Update

Pound Sterling

The Pound was trending above the 1.41 level against the Euro on Wednesday

British SMEs Trading Globally and Looking Beyond Continent for Growth

Western Union International Trade Monitor Research Reveals, Trade with Asia and North America is on the increase, 37% SMEs forecast international activity growth

Sterling gains on good UK GDP figures

Pound Sterling (GBP) Supported by UK GDP, BoE Rate Hike Prospects

After a slow start to the week, the Pound was able to trim recent losses against the Australian and New Zealand Dollars and gain on both the Euro and the US Dollar following the publication of the UK’s second quarter growth data.

Powered Now Turns to Crowdcube for Second Time to Raise £350k

Investment from the crowd will drive adoption of mobile app to help tradesmen with an admin headache