- Global debt levels could reach about 260 percent of gross domestic product (GDP) by the end of 2021, though low...
Higher leverage and weakened credit metrics amid the recovery will probably trigger more defaults
The recovery won’t be complete until vaccinations are widespread enough to make people more comfortable to move about
- A Swiss newspaper claimed Riad Salameh struck out 14 pages of a 2016 IMF report that warned of economic crisis...
Lebanon’s central bank Governor Riad Salameh denied he once rejected portions of an International Monetary Fund report
Swiss newspaper Le Temps said in an article that Salameh struck out 14 pages of the report because it warned of an economic crisis in Lebanon
- Real estate and property transactions worth AED 7.1 billion ($1.93 billion) were recorded in Dubai during the week ending October...
A plot of land sold for AED 33 million in Hadaeq Sheikh Mohammed Bin Rashid.
The highest number of transactions, valued at AED 126.61 million, were recorded in Al Hebiah Third.
- Brazil's tourism minister has said the country is planning to attract about a million tourists from the Middle East in...
Brazil is in touch with Emirati officials for operating more direct flights to Amazon and northeast regions, says tourism minister.
Annual outbound and inbound tourist traffic from Brazil to the Middle East is around 125,000 and 120,000 respectively at present.
- It is the Emirate’s goal to meet three-fourths of its energy requirements with clean sources, which would make it a...
The Dubai Electricity and Water Authority (DEWA) has attracted US$10.89bn investments from the private sector and foreign banks
It is the Emirate’s goal to meet three-fourths of its energy requirements with clean sources, which would make it a global hub for clean energy and a green economy
- The region’s per-capita GDP is forecast to grow by only 1.1 percent this year after declining by about 5 percent...
The World Bank said the pandemic had seen the region’s economies shrink by 3.8 percent in 2020
This in part due to public health systems’ lack of preparedness to deal with the health crisis
- Jordan’s Minister of Planning and International Cooperation Nasser Shraideh, have held discussions with Danish Minister of Development Cooperation Flemming Mortensen...
Jordan has called on Denmark to increase the support it gets, and focus on economic and employment opportunities programs
Denmark said it is ready to continue supporting Jordan and searching for additional ways to strengthen bilateral relations
- The national drive aims to achieve net-zero emissions by 2050, making the UAE the first MENA to do so.
The national drive aims to achieve net-zero emissions by 2050, making the UAE the first MENA to do so.
The Ministry of Climate Change and Environment will lead and coordinate efforts to execute the initiative
- In terms of re-exports, DAFZA grew 24 percent to total AED40.8 billion, representing 20.5 percent of Dubai's total non-oil foreign...
In terms of re-exports, DAFZA grew 24 percent to total AED40.8 billion, representing 20.5 percent of Dubai's total non-oil foreign trade
As for commercial partners, China came in first at 30 percent with a trade value of AED23 billion





















