Author: Steven Sahiounie

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.

Ukraine could go bankrupt as early as next year unless Western countries agree to write off or restructure its debts, an official from the World Bank told TASS on Saturday.  

A United Airlines Boeing 777 traveling from Frankfurt to San Francisco was forced to make a U-turn around two hours into its flight on Friday, after a toilet malfunctioned and began leaking into the cabin.

The price of the oil benchmark Brent peaked at $89 per barrel on Tuesday, nearing levels last seen in June 2022, according to Intercontinental Exchange (ICE) data. Industry experts have attributed the surge to an Israeli airstrike on the Iranian consulate in Damascus and Tehran’s threat of retaliation. 

A day after Türkiye’s local elections on Sunday, the head of the country’s election authority said 34 political parties had competed in the polls, with over 61 million registered voters casting their ballots. “The ratio of ballot boxes opened in the mayoral elections for metropolitan municipalities is 99.99%. The turnout rate in the metropolitan municipality mayoral elections is 78.11%,” Ahmet Yener, chairman of the Turkish Supreme Election Council (YSK), said at a Monday news conference in Ankara, the capital. He also stated that 99.95% of the ballot boxes for municipal mayoral elections were opened with a turnout rate of 78.7%,…