UK sees quick economic recovery; new strain affects growth
New lockdown measures on the back of discovering a new strain is threatening to cause another recession...
Category : Economy
UAE’s GDP is estimated to shrink by 6% in 2020
However, the economy is expected to grow 2.5 percent in 2021...
Saudi Arabia announces $263.91 bn budget for 2021
The Kingdom will spend 7% less than estimated spending for this year...
IMF is assisting countries mired in debt crisis
The programme that freezes payments on IMF debt from poor countries is expected to be extended through 2021...
Chile expects to come close to 6% GDP contraction: OECD
In October, the Chilean economic activity dropped 1.2 percent from a year earlier...
UK’s economic recovery to be among world’s slowest: OECD
By the end of 2021, Britain’s economy would still be 6.4% smaller than it was in Q42019...
South African economic activity shows optimism in Q4
BCI has shown a 40 points increase in the fourth quarter compared to 24 points in the previous quarter of the year...
Golden visa extension will support UAE’s economic recovery
Recently, the UAE approved the issue of a 10-year golden visa to professionals from various sectors...
Kenya seeks to defer $690 mn in debt payments
The country might participate in the G20's Debt Service Suspension Initiative, and the final decision will be made early next week...
Dubai-Oman bilateral trade reached Dh14.85 bn in H1
Bilateral trade jumped 8.4 percent to hit Dh 37.85 billion last year...