Qatar real estate trading volume amounts to US$382m in February 2024
DOHA, QATAR – The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at...Business Economy
Ajman eyes endowment-driven growth, social solidarity
"Reports with statistics on the number, types, values, and uses of endowments enable us to make appropriate decisions regarding endowment...Economy
China agrees to restructure bankrupt Sri Lanka’s loans for IMF bailout
Colombo, Sri Lanka--Sri Lanka's president said Tuesday that China had agreed to restructure its loans to the bankrupt island nation,...The South Asian nation defaulted on its $46-billion foreign debt last April during its economic crisis, which caused months of food and fuel shortages
Ranil Wickremesinghe's government has been working to secure a $2.9 billion rescue package from the IMF to restore Sri Lanka's ruined public finances
World Bank pauses Tunisia program over president’s migrant remarks
In the message sent on Sunday evening, the bank's outgoing President David Malpass said Saied's tirade had triggered "racially motivated...World Bank President David Malpass noted that measures announced by the Tunisian government to protect and support migrants and refugees marked a "positive step"
According to official figures, there are around 21,000 undocumented migrants from other parts of Africa in Tunisia, which is home to around 12 million people
UN culture chief vows to help rebuild conflict-hit, heritage-rich Iraq
Years of war and insurgency have taken a heavy toll on the many Mesopotamian, Islamic and Christian treasures in a...The mission of UNESCO chief comes ahead of the 20th anniversary later this month of the US-led invasion which toppled Saddam Hussein
Since 2018 the UN agency has raised more than $150 million for projects in Iraq, mostly the reconstruction of Mosul
Energy sector vital to solving climate challenge: Dr Al Jaber
Emphasizing that the oil and gas industry was vital in the fight against climate change, Dr. Sultan bin Ahmed Al...He called for quick decarbonization, and the need for creating the energy system of the future
The minister noted the financing gap between the world’s climate ambitions and the climate goals
Poor countries call for debt resolution at UN summit
Western nations gave out more than $185 billion in grants and cheap loans in 2021, according to the OECD. Official...The UN Development Program (UNDP) has estimated that 52 countries were either suffering debt stress or close to it and in danger of default
China, now the biggest single creditor nation, has recently indicated a willingness to work with the IMF and other institutions to organize debt relief
US wants hike in global crude output, including from OPEC: official
The United States wants to see a hike in oil production, including from OPEC countries, said a senior State Department...OPEC+ decided in early October to cut production by two million barrels per day and has not changed its output level since
The US president has regularly called in the last year for an increase in the OPEC+ output, but the cartel has not raised its quotas
UAE shares view at first G20 Culture Working Group meeting
ABU DHABI, UAEÂ - UAE Ministry of Culture and Youth (MCY) participated in the First G20 Culture Working Group (CWG)...G20 members, invited countries and international organizations attended the meetings of the Culture Working Group.
The meeting discussed the challenges and opportunities in the cultural ecosystem on a global scale.
Saudi Arabia to deposit $5 bn in quake-hit Turkey’s central bank
Ahmed Al Khateeb, the Saudi tourism minister and board chairman of the Saudi Fund for Development, signed an agreement with...The decision, which will shore up Turkey's foreign reserves and help it combat inflation, was made on the order of King Salman and Crown Prince Mohammed bin Salman.
Turkey was already suffering from skyrocketing inflation and a weakening currency before last month's massive 7.8-magnitude earthquake.
Judge to quiz Lebanese central bank head in embezzlement case
Lebanon opened its probe following a request for assistance from Switzerland's public prosecutor probing more than $300 million in fund...The 72-year-old central bank governor is the subject of several domestic and international investigations over suspicions of money laundering.
The governor denies all accusations against him and has rarely appeared before the judiciary, despite numerous complaints and summonses.
Fewer GCC women achieve leadership roles
Young women in the MENA region are more likely to be in the workforce, while the GCC countries — particularly...A PwC survey last year found that a large group of younger women are more likely to go to work and remain in employment to fulfil their ambitions in MENA region.
Saudi Arabia has witnessed a 35.6 percent increase in the women's economic participation. Still, the gender gap in leadership roles is huge.
