The luxury markets in the GCC region are experiencing significant growth, driven by an increasing demand for high-end products. Despite challenges such as the pandemic, inflation, and banking crises, individuals in the region are investing in luxury items like watches and jewelry due to their potential for future price appreciation....
Iraq will have a surplus of the difference in selling oil: FM
Iraq's Finance minister said during a Television interview, "Iraq will have a surplus of the difference in selling oil, up to 20 billion dollars," stressing that "in light of the current financial abundance, it is unlikely to resort to borrowing."
Factors that may impact oil’s demand-fueled recovery
At the global scale, 56.5 percent of oil reserves and 26.7 percent of natural gas reserves are owned by Arab countries.
Iraq records high positive indicators for the economy in 2021
The Ministry of Planning has not prepared a report on economic indicators during the year 2021 but there is an improvement in many fields.
Abu Dhabi Global Market to begin Monday-Friday workweek from Jan 1
Abu Dhabi Global Market (ADGM) has announced that it will commence a Monday to Friday working week from 1 January 2022, with Saturday and Sunday as the universal weekend. ADGM said in a statement that the new working week brings the emirate's business community and financial sector closer to global...
