Showing News from all around the World
The US is experiencing less pressure due to rising living costs thanks to a sharp decline in energy prices, particularly gasoline. According to the US Labor Department, annual US inflation was 6.5% as of the end of December, down from 7.1% in November. That marked the sixth consecutive month that the pace decreased and was […]
The COP28 international climate talks in Dubai later this year will be presided over by the CEO of one of the largest oil companies in the world. Sultan Ahmed Al Jaber currently serves as the Abu Dhabi National Oil Company’s CEO. In addition, he serves as the United Arab Emirates minister of industry and modern […]
The World Bank warned on Tuesday that weaker growth in all three of the world’s largest economies—the U.S., Europe, and China—will bring the global economy “perilously close” to a recession this year. The World Bank, which provides loans to less developed nations for development projects, stated in an annual report that it had nearly halved […]
Two significant merchants announced on social media that Dubai has postponed a 30% tax on alcohol and removed a license fee requirement that was previously required to purchase alcohol in the business and tourist center. The action is anticipated to increase Dubai’s allure to tourists and expatriate residents drawn to its more liberal lifestyle when […]
According to the International Monetary Fund’s (IMF) chief, this year will see a third of the world’s economy in a recession. As the economies of the US, EU, and China slump, 2023 will be “tougher” than last year, according to Kristalina Georgieva. The global economy is currently being weighed down by the conflict in Ukraine, […]
