Tunisia gets new central bank chief amid economic crisis
TUNIS, TUNISIA - President Kais Saied on Thursday appointed a new governor of the central bank of Tunisia, a north African...Banking & Finance Economy Geostrategy
Saudi Arabia extends online services to help foreign firms set up regional hqrs in kingdom
Riyadh, Saudi Arabia - Saudi Arabia's Ministry of Commerce has announced the provision of online services for foreign companies looking...Economy
Dubai records weeklong real estate transactions worth $1.92 billion
Dubai, UAE--- A total of 1,809 real estate transactions worth AED7.3 billion ($1.92 billion) were conducted during the week ending...A total of 98 plots were sold for AED975.52 million, and 1,711 apartments and villas were purchased for AED4.47 billion.
The mortgaged properties for the week reached AED1.47 billion, while 157 properties were granted between first-degree relatives worth AED418.56 million.
Dubai to unveil METADAFZ for better metaverse experience
The facility will enable clients globally to conduct meetings via a virtual platform, offering a unique and semi-realistic experience.The facility will enable clients globally to conduct meetings via a virtual platform, offering a unique and semi-realistic experience
DAFZ is likely to announce the launch at GITEX 2022, to be held from October 10-14 at the Dubai World Trade Centre
Germany pledges 413.9m euros in development aid to Jordan
The Jordanian-German discussions covered a wide range of vital sectors including education, water and renewable energyThe Jordanian-German discussions covered a wide range of vital sectors including education, water and renewable energy
The aid also comprises 15 million euros as an additional grant for the National Water Carrier Project
IMF to provide Ukraine with $1.3 billion emergency aid
The package will help meet Ukraine's "urgent balance of payment needs... while playing a catalytic role for future financial support...The IMF also said Ukrainian authorities deserve considerable credit for having maintained an important degree of macro-financial stability
IMF Managing Director Kristalina Georgieva said that key policies have been geared toward safeguarding priority expenditures and preserving financial stability
OPEC+ output cut ‘a snub’ to Biden and United States
While Saudi Arabia has said it does not use oil as a political tool, US experts see this as a...The move may have ‘serious consequences’ for Saudi Arabia and irreparable damage to its relationship with the Biden administration, warn analysts
Economists in Europe, meanwhile, worry that the OPEC+ decision to cut oil production will deepen the continent’s economic and energy woes
Delegations from France, Italy visit Expo Center Sharjah
Delegations from France and Italy have visited the Expo Center Sharjah to discuss ways to strengthen cooperation and exchange expertise...The meetings were held on the sidelines of the 50th edition of the Watch & Jewelry Middle East Show.
The delegations toured the exhibition and looked into ways to work with the center.
Stocks fall, dollar boosted by US jobs data
Stocks mostly slid and the dollar surged after US jobs data showed only a timid slowdown in the labor market,...There was a brief rebound at the start of the week as investors hoped data pointing to economic slowdown would allow the Fed to slow down rate hikes.
Rising interest rates boost the dollar as foreign investors seek to buy dollar-denominated debt.
UAE, Egypt discuss cooperation in defense industries
A high-level UAE delegation, on a visit to Egypt, met with senior officials of the Egyptian Ministry of Defense.The two sides discussed opportunities for strengthening the overall relations between the UAE and Egypt.
They discussed promoting partnerships between the defense industry of the two countries.
Global food prices fall for sixth month in a row, says UN
World food prices have fallen for a sixth month in a row in September, UN data showed as they continued...The UN agency FAO said its price index averaged 136.3 points in September, a 1.1 percent drop from August.
The monthly decline was driven by a "sharp fall" in the prices of vegetable oils, the United Nations agency said.
EU leaders try for common response to energy crisis
EU leaders meeting in Prague looked to bridge divisions on how to tackle soaring energy prices as they grapple with...EU leaders were discussing how to better protect their critical infrastructure in the wake of leaks from the Russia-Europe Nord Stream gas pipelines.
Europe is facing an energy crunch as the price of electricity generation skyrockets because of a massive surge in gas prices.
