Residential and commercial skyscrapers stand in downtown Dubai, United Arab Emirates | Photographer: Christopher Pike | Bloomberg By Zainab Fattah and Yousef Gamal El-Din Damac chairman calls for construction pause for 1 to 2 years Builder dramatically slashed new developments, Sajwani says Want the lowdown on European markets? In your inbox before the open, every

Britain’s Prime Minister Boris Johnson is seen at the House of Commons in London, Britain October 23, 2019. ©UK Parliament/Jessica Taylor/Handout via REUTERS The European Union agreed a three-month flexible Brexit delay on Monday but the British parliament rejected Prime Minister Boris Johnson’s bid to end the political paralysis with a Dec. 12 election. Days

Photo/Somali Times Political uncertainty and volatile oil prices are hindering economic growth in Somalia among several other countries, according to a new report released Monday by the International Monetary Fund. The IMF’s regional outlook report projects growth to rise just 0.5% in 2019, compared to 1.6% in 2018. Increased activity in the oil and gas

Photo/AFP / MARCO BERTORELLO HSBC is underperforming in parts of Europe and the United States, as third-quarter profits fell, the lender’s interim chief executive said on Monday, warning also of headwinds including Brexit. The Asia-focused banking giant has been trying to lower costs as it faces the double uncertainties caused by the grinding US-China trade

European Council President Donald Tusk and European Commission President Jean-Claude Juncker (not pictured) hold a joint news conference at the end of the European Union leaders summit dominated by Brexit, in Brussels, Belgium October 18, 2019. REUTERS/Piroschka van de Wouw BRUSSELS (Reuters) – European Council President Donald Tusk said on Monday that the 27 countries

The Moscow Times/Valery Sharifullin / TASS President Vladimir Putin hosted the first-ever Russia-Africa summit Wednesday and Thursday in the latest display of Moscow’s efforts to restore its geopolitical foothold on the continent after the fall of the Soviet Union. Amid a deluge of memoranda of understanding and cooperation agreements, Russia clinched a series of trade

Russian President Vladimir Putin, center, poses for a photo with leaders of African countries at the Russia-Africa summit in the Black Sea resort of Sochi, Russia, Thursday, Oct. 24, 2019. (Valery Sharifulin, TASS News Agency Pool Photo via AP) Russian President Vladimir Putin is telling leaders at the first-ever Russia-Africa summit that developing economic and

Photo/Daily Nation/From left: Kenya Revenue Authority Board chairman Francis Muthaura, acting National Treasury Cabinet Secretary Ukur Yattani and Treasury Economic Secretary Geoffrey Mwau during a past function in Nairobi. Kenya is facing a debt crisis but government officials don’t seem to know what to do about it. The obvious route is to borrow some more

Photo/Somali Times The President of the Federal Republic of Somalia, Mohamed Abdullahi Farmajo, attended the opening of the Russia-Africa Cooperation summit and held special meetings with the leaders attending the conference. Somali President Mohamed Abdullahi Farmajo held a special meeting with Russian counterpart Vladimir Putin, discussing bilateral relations and. President Farmajo, one of 43 leaders

Russian President Vladimir Putin, right, welcomes Ethiopian Prime Minister Abiy Ahmed for the talks on the sideline of Russia-Africa summit in the Black Sea resort of Sochi, Russia, Wednesday, Oct. 23, 2019. (AP Photo/Sergei Chirikov, pool photo via AP) Russian President Vladimir Putin courted dozens of leaders of African nations Wednesday at the first-ever Russia-Africa