Author: Steven Sahiounie

In the UK, temperatures at the start of the month will probably be around normal or a little above average BRUSSELS – Across the globe, climate change is intensifying extreme weather, bringing violent storms to Texas and deadly heat to India, following 10 consecutive months of record high temperatures, according to a Bloomberg report on Friday. In recent weeks, Europe has been largely spared such events, although Helsinki — the world’s second-most northerly capital — was nearing 30C (86F) this week, in heat more familiar to Mediterranean resorts. Europe is set for a cool start to summer, as wet and…

India’s fiscal deficit for the financial year ended March 31 was lower than its full-year target of 5.8% of the gross domestic product due to a small cut in expenditure, government data showed on Friday.

Canada’s economy saw slower than expected 1.7 percent growth in the first quarter, government data showed Friday, adding to expectations of a central bank cut in interest rates.

The Tourism Real Estate Agency and Algeria’s Agency for Tourist Real Estate (ANFT) signed Thurdsay a twinning agreement which regulates cooperation in tourist development.

The ministry expects to reach financial close in 2025 with construction, commissioning and commercial operations due in 2026, Abdelghafour El Hadjaoui said in a presentation seen by Reuters

Adjusted for inflation both overall consumption and disposable income dropped slightly in April Price cuts by major U.S. retailers and new data showing a slowdown in consumer spending may boost the Federal Reserve’s confidence in falling inflation and take the edge off of corporate profits that have grabbed a larger share of national income since the start of the COVID-19 pandemic. Adjusted for inflation both overall consumption and disposable income dropped slightly in April. The Commerce Department had reported on Thursday that the U.S. economy grew more slowly than initially thought over the first three months of the year largely…

The agreement aims to establish tax treaties between the two countries to eliminate all cases of double taxation

ABU DHABI: Abdullah bin Touq Al Marri, Minister of Economy, said that preliminary data for the UAE’s 2023 GDP showcases positive growth trends across various indicators, including key sectors crucial to the national economy, as outlined by the Federal Competitiveness and Statistics Centre.

RIYADH: Energy giant Saudi Aramco has completed the acquisition of a 40 percent equity stake in Gas & Oil Pakistan as the company continues its global retail expansion. 

RIYADH: The rapid adoption of clean technologies can enhance the affordability of energy, according to a new report.