Dubai real estate sales near record $109bn in 2023
Dubai, UAE -Â Dubai real estate annual sales comprising 127,000 deals have exceeded Dhs400 billion ($109 billion) during the current year...Economy
ADDED, Siemens Energy to support sustainable industrial development in Emirate
ABU DHABI, UAE - Abu Dhabi Department of Economic Development (ADDED), represented by Industrial Development Bureau (IDB), and Siemens Energy...Business Economy Energy Climate Change
Russia, Iran eye trade and economic collaboration
Russian President Vladimir Putin has invited Iran’s President Ebrahim Raisi in Moscow for discussion over expanding strategic cooperation.A treaty on mutual relations and principles of cooperation between Iran and Russia turned 20 on March 12, 2021
The diplomatic apparatus of Russia and Iran described the treaty as a turning point in both countries’ relationship
Tunisia central bank calls to avoid monetary financing of budget deficit
The Banque Centrale du Tunisie (BCT) board has urged for continued coordination between financial and monetary policies.The central bank reaffirmed its intention to closely monitor all economic, monetary, and financial developments
It also said it would use mechanisms at its disposal to support the country’s economic recovery while containing inflation
EU moves to label nuclear, gas energy as ‘green’
The fact that the European Commission quietly distributed the text of this proposal to member states late on Friday, in...The proposal aims to support the 27-nation bloc's shift towards a carbon-neutral future
It also looks to gild the EU’s credentials as a global standard-setter for fighting climate change
Tunisia launches national consultation to make new constitution
Eligible topics include electoral, economic, financial, social, developmental, health, education and cultural affairs.The move is part of a reform package pushed by President Kais Saied
The exercise calls on citizens to send in suggestions and will last until March 20
Global stocks end strong year with losses
On Wall Street, the broad-based S&P 500 had its best December in over a decade, and scored a third straight...On Wall Street, the broad-based S&P 500 had its best December in over a decade, and scored a third straight year of double-digit gains with a 27.1% jump
In Asia, Hong Kong's main stocks index finished with gains Friday, on surging Chinese tech shares
Cryptocurrency’s volatility may ease this year
Experts believe that 2022 will be a milestone year for bitcoin, with the ups outweighing the downs. Cryptos may suffer...Some experts believe that improved use and legality of cryptocurrencies will help reduce the wild swings in their prices
The Dubai World Trade Center has announced it would become a specialized area in encrypted assets, including digital assets
Lebanon fuel distributors urge government to curb dollar rise
The Lebanese pound has lost more than 90 percent of its purchase power since end-2019, due to its devaluation against...Fuel distributors issued a statement urging ministers to shore up the value of the Lebanese pound against the dollar
Their statement, read by representative Fadi Abu Shakra, stressed that ‘the schedule of fuel prices will be issued next Tuesday’
Oman on road to economic recovery, say government numbers
Given the current trends, the country’s GDP is expected to grow by 13.8 percent by the end of the current...As a percentage of the GDP, the deficit was down from 15.5 percent in 2020 to 3.8 percent this year
All credit rating agencies amended Oman’s future outlook during this year to ‘stable’ and ‘positive’
Tunisia in ‘uncertainty’ as president pushes new constitution
Tunisian President Kais Saied is preparing to ask the public for their thoughts on a new constitution.President Kais Saied sacked the government, suspended parliament, and seized wide-ranging powers on July 25
The former law professor has long called for an overhaul of the country's post-revolution political system
Libya PM back in position after election postponed
The election, set for December 24, was meant to be the culmination of UN-led efforts to drag Libya out of...Libya's interim Prime Minister Abdulhamid Dbeibah chaired a cabinet meeting on Thursday, marking his return to the post
This happened despite concerns that postponing of the country's presidential election could jeopardize his position
