The country sees 3.6 million eviction cases filed in a typical year, said Peter Hepburn, associate director of Eviction Lab at Princeton University. But that number slowed to a trickle during the pandemic. Now, with Covid-era legal protections and assistance lifted, it is surging again, Eviction Lab's figures show.

Ankara, Turkey--Turkish President Recep Tayyip Erdogan on Saturday pledged to rebuild the country's southern region devastated by powerful earthquakes on 6th February, claiming the lives of more than 50,000 people."Our aim is to restore our cities in the earthquake zone by handing over 319,000 residences and village houses to owners...

Its revenue for 2022 rose to US$2.8bn, a 78% jump.

Spelling the end of independent oil exports by the regional government, Iraq's autonomous Kurdistan region will resume oil exports through Turkey on Monday, but in the future they will be supervised by the federal government in Baghdad. The outcome was achieved in talks between federal and regional officials.

Athens, Greece--Greek Prime Minister Kyriakos Mitsotakis on Friday called on the European Union to "seriously consider" providing financial aid to help extend an anti-migrant steel fence along the border with Turkey."I think it's about time for the EU to seriously consider providing European funds for these types of projects," the head...

Abu Dhabi, UAE--The UAE has dispatched a plane carrying 38 tonnes of urgent medical and food supplies to Afghanistan to meet the needs of thousands of Afghan families affected by earthquakes that recently struck northeastern Afghanistan.The earthquakes resulted in numerous deaths and injuries and destroyed basic infrastructure.The provision of these...

Blanketing central Iraq in dust, the sandstorm made life diffcult on Firday for Iraqis venturing out of their homes. A thick film of dust covered cars and houses and many struggled to breathe air filled with sand. It was the first such weather event to hit the aird country this...

The country's dams are at critical lows following years of drought, exacerbated by pipeline leaks in a decrepit distribution network. The agriculture ministry announced a ban on the use of potable water for irrigating farmland or green spaces, or for cleaning public areas or cars.

DUBAI, UAE -  Dubai International Boat Show 2023 attracted over 30,000 visitors and industry players from across the globe for five days of demonstrations, displays, seminars, launches and workshops.The global boat-building market is expected to reach over US$47 billion in 2027, at a CAGR of 7.5 percent, and the increasing...

The pre-event phase contributed around one-quarter of GVA, the event itself added almost 13%, while the lion’s share of benefits (62%) will be felt in the legacy phase. The sectors adding most to GVA are events organization and business services ($20.6bn), construction ($8.7bn) and restaurants and hotels ($6.3bn).

TOKYO, JAPAN -  Japan on Friday unveiled planned export controls on 23 items used to make semiconductors, following US pressure for countries to restrict Chinese access to the technology.The move was immediately slammed by Beijing, which warned against moves that "politicize, instrumentalize and weaponize" trade.It comes as Tokyo confirmed its top...

The Food and Agriculture Organization (FAO) said initial assessments in Turkey revealed "severe damage to agriculture, including crops, livestock, fisheries and aquaculture, as well as rural infrastructure in affected areas". It said more than one-third of the population in the hardest-hit areas relied on agriculture to survive.

Its net profit recorded a drastic drop to US$5.2 billion.

London, United Kingdom--The British economy performed slightly better than previously estimated in the final quarter of last year as it expanded by 0.1 percent, revised official data showed Friday.The Office for National Statistics (ONS) initially said growth had been flat in the October-December period.Either way, the UK narrowly avoided falling into...

ADNOC sold 5% stake in ADNOC Gas to investors through an IPO.

The country has seen a surge in demand for travel, entertainment and other leisure services that were curbed for nearly three years during the pandemic. China's new premier Li Qiang said Thursday the economy was showing "strong momentum" despite a challenging global environment, pledging increased support for business.

Riyadh, Saudi Arabia--Saudi Arabia has presided over the 26th session of the Commission on Science and Technology for Development (CSTD) of the United Nations Economic and Social Council (ECOSOC).The kingdom was represented by the Director General of International Affairs at the Communications, Space, and Technology Commission, Eng. Mansour Al-Qurashi, to...

Women earn on average nearly 13 percent less per hour than men for the same work in the 27-nation European Union, according to official data for 2020. Under the new rules, workers can demand to know individual and average pay levels, broken down by gender, in their workplace.

Dubai, UAE -- Saudi Arabia's unemployment rate dropped in the fourth quarter of 2022, compared to the previous quarter, mainly due to government activities and private sector hiring, the kingdom's General Authority for Statistics said Thursday.Saudi Press Agency reported that despite the global economic challenges, including those prevailing in the...

Gulf countries have substantial financial and other resources to achieve zero- emission goals but they need to identity and address the obstacles.

The provisional political agreement, which was reached after nightlong negotiations between the EU parliament and states, seeks to raise the share of renewable energy to 42.5 percent, from 22 percent today. The EU has set an ambitious target to become a "climate neutral" economy by 2050, with net-zero greenhouse gas...

Civil society groups and some lawmakers have decried opacity in the tender process and a lack of involvement of the Public Procurement Authority. "Marginalising or disregarding" the role of the authority undermines the effectiveness of Lebanon's 2021 public procurement law, 10 civil society groups said in a statement Tuesday.

The Senate report "describes legacy issues, some from a decade ago," which the bank has sought to address by implementing extensive enhancements "to root out individuals who seek to conceal assets from tax authorities," it said.

"Advancing the economic status of women and girls is not only a matter of human rights, justice, and fairness -- it is also a strategic imperative that reduces poverty and promotes sustainable economic growth," the office of US VP Kamala Harris said.

Riyadh's move to partner with the bloc comes less than three weeks after the unveiling of a landmark China-brokered reconciliation deal with Iran to restore full diplomatic relations that were severed seven years ago.

Riyadh, Saudi Arabia--Alistithmar Capital has joined hands with Safa Investment Co. to set up several real estate funds worth around $292.9 million.   The two companies will combine their strength to enable Saudi Arabia's growth in the real estate sector through funds that target the residential space in main cities with particular...

Washington, United States--US lawmakers accused regulators Tuesday of failing to do enough to prevent the collapse of Silicon Valley Bank earlier this month, despite knowing it was over-exposed to the risk of rising interest rates.The Senate Banking Committee grilled senior Federal Reserve, Treasury and Federal Deposit Insurance Corporation (FDIC) officials about...

This month Crown Prince Mohammed bin Salman, unveiled Riyadh Air, the new airline which is intended to transform the capital into "a gateway to the world."

Doha, Qatar--The Doha-based Global Carbon Council (GCC) and Egyptian Exchange (EGX) have signed a memorandum of understanding (MoU) to launch Africa's first regulated voluntary carbon market.The MoU was signed by GCCs founding Chairman Dr. Yousef Alhorr and EGX's Executive Chairman Rami El Dokany.As an outcome of this agreement GCC-issued carbon...

Abu Dhabi, UAE--The UAE government has endorsed 24 national initiatives to double the country’s re-export industry by 100 per cent over the next seven years.The measures were approved during a cabinet meeting chaired by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of...

UAE minister said that the emirates will continue its efforts to build partnerships with strategic global markets under the country’s comprehensive economic partnerships program.

The kingdom witnessed 6.2 percent non-oil real GDP growth, the highest since 2012 and higher than the 5 percent annual target set by its Economic Recovery Plan that aims to enhance the economy's long-term competitiveness and support post-COVID recovery.

Moscow, Russia--Russian oil sales to India surged more than twentyfold last year as European buyers turned to other markets following the conflict in Ukraine, Russia's deputy prime minister said Tuesday.Russia shifted its oil exports to India and China last year as European Union nations sought to end their reliance on Russian...

Doha, Qatar--Qatar's bourse intends to open a new derivatives market that will allow investors to trade options and futures on local stocks and its equity index, the country's financial regulator said on Monday.The Qatar Financial Centre Regulatory Authority (QFCRA) issued a new regulatory framework for listed derivatives after a three-month...

Riyadh, Saudi Arabia--A bus ferrying pilgrims to the holy city of Mecca burst into flames after a collision on a bridge on Monday, killing 20 people and injuring more than two dozen others, Saudi state media reported.The incident in the southern province of Asir highlights persistent challenges to safely transporting worshippers...

The stock rocketed to AED3.7 from an offer price of AED1.34.

Its IPO had been oversubscribed by 136 times.

Ankara,Turkey - Turkish Foreign Minister Mevlut Cavusoglu discussed during a phone call with UN Secretary-General Antonio Guterres the deal to ship grain across the Black Sea..Last week Turkey announced the extension of the deal that has allowed exports of Ukrainian grain to resume following Russia's invasion, but it was unclear...

It will buy "all loans and deposits" from Silicon Valley Bank, whose fall this month set off global fears about the sector. SVB became the biggest US bank to fail since 2008 when regulators seized it after a sudden run on deposits. The bank was a key lender to the...

Amman, Jordan--Standard Chartered has decided to sell its Jordanian business to Arab Jordan Investment Bank (AJIB), according to both the parties.Standard Chartered, the emerging markets-focused lender, plans to exit seven markets in Africa and the Middle East.The bank entered into an agreement with AJIB, subject to central bank approval, which...

The company's profit vaulted 157% to US$147m in 2022.

The customs deal is viewed as the concluding phase of a free trade agreement following the normalization of relations between the two countries. Netanyahu describes it as historic.

Even with a better outlook for 2024, global growth will remain well below its historic average of 3.8 percent, she said at the China Development Forum. Uncertainties are exceptionally high, including because of risks of geo-economic fragmentation which could mean a world split into rival economic blocs.

It suffers from constant stand-offs between elected lawmakers and cabinets installed by the ruling Al-Sabah family, despite a parliamentary system in place since 1962.

The new comedians hoping to put a smile on Jordanian faces range in age between 18 to 40 and include students, doctors and lawyers among others, keen to learn the art of comic timing and delivery. Among the club's graduates are now well-known comedians, who have amassed hundreds of thousands...

Abu Dhabi, UAE-- In order to improve commercial connectivity and trade between the UAE and Kuwait, AD Ports Group launched a new direct shipping service dedicated to Ro-Ro between UAE’s Khalifa Port and Kuwait’s Shuwaikh Port.Commenting on the launch of the new shipping service, Captain Ammar Mubarak Al Shaiba, Acting...

The Iraqi oil ministry said that Turkey stopped oil exports from Iraq's autonomous Kurdistan region on Saturday in the wake of arbitration at the International Chamber of Commerce. It said that Baghdad's claims had been accepted in a dispute with Ankara over who had responsiblity for exporting the autonomous region's...

BRUSSELS, BELGIUM - The European Union and Germany on Saturday said they had struck a deal after a dispute over the planned phaseout by 2035 of the sale of cars using fossil fuels.A landmark deal to prohibit new sales of fossil fuel cars from 2035 is key to the bloc's ambitious...

The shares fell on the lender's rising cost of default cover.

Doha, Qatar--Qatar's General Tax Authority (GTA) has extended the deadline for submitting the tax return for 2022 for all entities subject to the income tax law for one additional month to end on May 31, 2023.Excluded from this extension are companies operating in the field of petroleum operations and petrochemical...