Passengers at an airport in Sidoarjo, Indonesia. Agence France-Presse
Indonesia unveiled a nearly $40 billion financing scheme for its fiscal deficit, with the central bank set to buy some 397.6 trillion rupiah ($28 billion) directly without receiving interest, to help fund the economic recovery, Finance Minister Sri Mulyani Indrawati said.
Indonesia’s economy suffered its first full-year contraction in over two decades in 2020, shrinking slightly more than expected in the fourth quarter as the COVID-19 pandemic continued to hit consumption and business activities.
Indonesia raised subsidised fuel prices by about 30% on Saturday, as the government moves to rein in ballooning subsidies despite a risk of mass protests.
Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, predicted that Dubai’s economy would grow by around 5 percent this year.
Dubai Chambers and the three Chambers operating under its umbrella - Dubai Chamber of Commerce, Dubai International Chamber and Dubai Chamber of Digital Economy
Natural gas has never been more important to the global energy mix as it replaces coal and liquid fuels while supporting the adoption of intermittent renewable energy,
flydubai announced on Thursday record-breaking annual results for its financial year ending 31st December 2023, with net profit reaching Dhs2.1 billion ($572 million), an increase of 75 per cent compared to 2022, marking the carrier’s strongest-ever performance.