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
Residential demand buoyed Qatar’s property sector in 2023
Doha, Qatar - Residential demand continued to buoy the country's property sector in Q4 2023, hapondo, a homegrown property portal,...Economy
Qatar and Egypt sign deal to prevent double taxation on income
Doha, Qatar--Egypt and Qatar have signed an agreement to eliminate double taxation on income and prevent tax evasion and avoidance,...The agreement includes terms related to international maritime and air transportation, joint ventures, dividends, interests and royalties
It comes within the framework of bolstering bilateral economic relations and shoring up cooperation in several fields
Wars, poverty fuel spike in Iraqi child labour
Children in Iraq work as apprentice mechanics and rubbish collectors, in shisha cafes or hair salons, and washing car windows...Despite its oil riches, nearly one-third of Iraq's 42 million inhabitants live in poverty, according to the United Nations
UNICEF has been working with authorities in Baghdad to support a system of social protection that could lift children out of poverty
Turkish economy benefits from spending, posts 5.6% growth
Istanbul, Turkey -Turkey’s economy posted 5.6 percent growth in 2022, growing faster than expected last quarter as the government ramped...Household spending, which is estimated to account for more than half the economy, grew an annual 16.1% during Q4 2023
The global lender said it would lower its 2023 growth forecast by about half a percentage point from its initial 3.5%-4% estimate
French court sets aside NGOs lawsuit against TotalEnergies
PARIS, FRANCE - A French court on Tuesday dismissed a landmark case against TotalEnergies for a massive oil project in Uganda...The six NGOs argued the development of the East African Crude Oil Pipeline (EACOP) failed to adhere to a "duty of vigilance"
It is a 2017 law that compels companies to avoid grave harm to human rights, health, safety and the environment
High vegetable prices, inflation hit Moroccans ahead of Ramadan
The situation has been made worse by a crisis facing the agricultural sector, which makes up 14 percent of gross...Inflation is adding extra pressure just as Morocco prepares for Ramadan, the Islamic fasting month which starts in late March.
"Everything's more expensive," said Khadija El Asri, a resident of the down-at-heel neighborhood of Sidi Moussa.
US, European stocks dip as traders mull US rates outlook
US and European stocks dipped as dealers fretted that the Federal Reserve would push interest rates higher than expected and...Oil prices rebounded, while the pound extended gains won on Brexit deal alterations.
Eurozone bond yields surged higher, with the yield on the benchmark German 10-year government bond rising to a 12 year high.
Khalifa Fund announces winner of CEO Program
ABU DHABI, UAE - Khalifa Fund for Enterprise Development, in partnership with the Abu Dhabi Department of Economic Development (ADDED)...The CEO program is a rigorous nine-month program that aimed to cultivate entrepreneurship and innovation skills.
The program also helps build and grow ag-food tech ventures and contribute to the UAE's Food Security Strategy.
Turkey quake damage at $34bn: World Bank
The World Bank warned that the continuing aftershocks are likely to increase the total amount of damage caused by the...The amount is equivalent to four percent of Turkey's GDP in 2021, the Washington-based institution said
The estimate also does not take into account the damage caused in northern Syria, also particularly affected by the earthquakes
UN raises $1.2bn to help millions in war-torn Yemen
The UN says more than 21.7 million people - two-thirds of Yemen's population -- need humanitarian assistance this year. Its...The figure was far short of the $4.3 billion sought from donors at a pledging conference in Geneva, but the UN hoped the figure could reach $2 billion by the end of the week
It was the seventh donor conference for Yemen in seven years - but the UN hopes the next such gathering could focus on rebuilding the broken country rather than staving off hunger
Saudi economy to grow 3% in 2023: Riyadh Capital
Riyadh, Saudi Arabia--Saudi Arabia’s economic growth is expected to accelerate by 3 percent in 2023 backed by a robust non-oil...The growth will be driven by a sturdy fiscal policy geared towards increasing investment spending
The report pointed out that the Saudi Central Bank will follow the Fed in its interest rate policy
