Global changes call for adaptable fiscal policies
He highlights the UAE's strategic priorities, including the future of fiscal policy, the application of sustainable fiscal policies to foster...Economy
WEF24: Tech investment drives China’s growth
China's GDP is expected to grow 5 percent this year as the country has significantly recovered from COVID-19, Xiaoyan Zhang...Economy
Arab youth prefer UAE over home country to live, work
Key attractions in the UAE include economy, secure environment, rewarding salary packages, a wide range of job opportunities, and the...The top five attractions in the UAE are growing economy, secure environment, rewarding salary packages, a wide range of job opportunities, and the wise leadership, says a survey
Young Arabs living in the country agree that the UAE is the ideal place for them to live and work, citing its benefits, diversity of opportunities, and flexibility in the laws
French TV to show ‘power map’ to avoid winter black outs
France's national broadcaster said Friday it would begin broadcasting a "power map" to  viewers, showing demand for electricity around the...Under a deal signed with the main operator of the country's power grid, France Televisions will begin showing a real-time map called Ecowatt on its channels.
During periods of worryingly high demand -- which will be coloured in red -- viewers will be encouraged to reduce their power consumption or avoid drawing on the grid at peak hours
Dubai records realty transactions worth US$1.8bn in week
A total of 2,401 real estate transactions worth US$1.8 billion (AED6.7 billion) were conducted during the week ending September 23,...A total of 243 plots were sold for $351 million (AED1.29 billion) in Dubai.
A total of 1,659 apartments and villas were purchased for $955 million (AED3.51 billion).
World markets plunge on growing recession fears
Stock markets tumbled, the pound crashed against the dollar and oil prices slumped on growing recession fears after central banks...In the eurozone, recession fears deepened as data showed its economic activity fell once again in September.
Traders were keeping a close eye also on developments following the Japanese finance ministry's intervention to support the yen.
‘Barakah Nuclear Power Plant promotes clean, safe energy’
UAE Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei said that the start-up of Unit 3 of Barakah...The nuclear plant plays a key role in promoting the transition to safe and environmentally friendly energy sources.
Several countries began to focus on developing nuclear power to meet the challenges of energy security and climate change.
61 dead in migrant shipwreck off Syria coast, says Lebanon
At least 61 migrants drowned when a boat they boarded in Lebanon sank off Syria's coast, a Lebanese minister said,...Caretaker transport minister of Lebanon said over 100 people, mostly Lebanese and Syrians, were on board the small boat.
Syrian authorities had said around 150 passengers were on board.
Ahead of World Cup, influencer ‘Mr Q’ lifts veil on Qatar
Qatar has dozens of online influencers on topics ranging from "modest" but expensive fashion, to the latest sports car being...The 38-year-old has become a social media hit by partially lifting the veil over the tiny but mega-rich Gulf state
Haroon's cheerful #QTip videos broach everything from saying "Hello" in Arabic to the right way for men to wear the flowing ghutra headdress
Central Bank of Egypt keeps interest rates unchanged
The Central Bank of Egypt also decided to increase the required reserve ratio to 18 percent from 14 percentThe Central Bank of Egypt also decided to increase the required reserve ratio to 18 percent from 14 percent
The CBE remains committed to achieving stable levels of inflation over the medium term which is a requisite condition towards sustainable economic growth
South Africa seeks wind energy to resolve power situation
South Africa inked the first three of a series of agreements with independent producers to supply wind energy amid worsening...The coal-dependent country picked 25 wind and solar projects to generate a total of 2,583 megawatts.
Official data earlier this month confirmed that GDP of South Africa shrank partly owing to the energy crisis.
Ukraine suffered nearly $1 trillion in losses since Russian invasion
The figure was equivalent to five times Ukraine's annual GDP before the invasion in February, Oleg Ustenko, economic advisor to...In terms of "direct and indirect costs" Ukraine had suffered "somewhere close to $1 trillion" in damages, said the official.
The official previously estimated the damage caused by Russian forces in the first 14 days of war totaled around $100 billion.
