Kristalina Georgieva. File
The pandemic sweeping the world will turn global economic growth “sharply negative” in 2020, triggering the worst fallout since the 1930s Great Depression, with only a partial recovery seen in 2021, the head of the International Monetary Fund said.
The coronavirus pandemic will cause a global recession in 2020 that could be worse than the one triggered by the global financial crisis of 2008-2009, but world economic output should recover in 2021, the International Monetary Fund said on Monday.
Governments around the world have spent $10 trillion in fiscal actions to respond to the novel coronavirus pandemic and its economic fallout, but significant further efforts are needed, the head of the International Monetary Fund said on Thursday.
Energy security is essential for social, economic and climate progress and the responsibility of the energy industry in maintaining energy security has never been clearer, according to Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of Abu Dhabi National Oil Company
Dubai Chamber of Digital Economy, one of three chambers operating under Dubai Chambers, in collaboration with the SEE Institute, has launched the “Future of the Digital Economy: Business in the Metaverse” Academy, the first-of-its-kind specialised training programme designed to equip digital startups with practical knowledge and tools
Burjeel Holdings has announced the successful completion of the bookbuild and public subscription process for its Initial Public Offering (IPO) on the Abu Dhabi Securities Exchange (ADX). The price for the Offering has been set at Dhs2.00 per ordinary share (the Final Offer Price), and the offering size confirmed at 550,729,221 ordinary shares