UAE growth expected to top 3% in 2019

Minister of Economy expects the country’s gross domestic product to grow by 2.5-3% in 2018 and by more than 3% in 2019 |

Losses were led by a 1.6 per cent decline in bank shares, which are being pummelled by the latest declines in longdated government bond yields.

The moves follow similar declines in US bank shares, which dropped 4.4 per cent on Tuesday.

Global equities have been shaken by fears of a recession, fanned by the flattening US Treasury yield curve — a phenomenon in which longer-dated