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Author: Steven Sahiounie
Job creation in South Asian economies is not keeping pace with the rise in the working age population, putting the region on a path that risks “squandering its demographic dividend”, the World Bank said on Tuesday.
LONDON – European stocks rose to a new all-time high on Tuesday and the dollar held firm, as traders reduced their expectations for U.S. Federal Reserve rate cuts and waited for euro zone inflation data to give clues about the European Central Bank’s path.
German consumer prices, harmonised to compare with other European Union countries, had risen by 2.7% year-on-year in February
“The next review will be the third review under the EFF and is expected to take place on a quarterly cycle, meaning that we would expect it to be completed and considered by the IMF Executive Board by end-June 2024,” Hollar stated
The sector contributed 8.5 percent to the emirate’s gross domestic product during the same period Abu Dhabi’s construction sector showed a remarkable growth of 13.1 percent in 2023 compared to 2022, with the added value of this sector reaching more than AED97 billion ($26.41 billion), the highest in 10 years. The sector contributed 8.5 percent to the emirate’s gross domestic product during the same period, according to preliminary estimates by Statistics Centre – Abu Dhabi (SCAD). The real estate activities grew 5.8 percent during in 2023, compared to 2022. Meanwhile, the non-oil economy recorded a remarkable growth of 9.1 percent…
The Meetings, Incentives, Conferences, and Exhibitions (MICE) industry itslef in the UAE is expected to grow at 8.5% during the 2023-30
At the outset, Prime Minister Madbouly reiterated his commitment to expediting the customs clearance process for goods awaiting release at various Egyptian ports
Attracted by better wages, the Emirates has witnessed an influx of professionals and workers from Asia, the US, Europe and the Middle East
Egyptian President Abdel Fattah al-Sisi was sworn in for his third term on Tuesday in the country’s new capital, the largest of the mega-projects that have come to symbolise his rule while stretching the country’s finances.
The Central Bank of the United Arab Emirates (CBUAE) saw its balance sheet soar to touch AED734.61 billion at the end of January 2024, marking a significant surge in its financial strength. This impressive growth is revealed in the bank’s latest balance sheet report.
