Kristalina Georgieva and South Korean Finance Minister Choo Kyung-ho on the sidelines of the G20 Finance Ministers and Central Bank Governors Meeting in Nusa Dua, Bali, on Saturday. Associated Press
The global economic recovery is at risk from the rise of new coronavirus variants and poor access to vaccines in developing countries, finance ministers of the world’s 20 largest economies warned on Saturday.
The executive board of the International Monetary Fund approved a $650 billion expansion in resources to support economically vulnerable nations as they battle the coronavirus pandemic.
The summit opened earlier in the day with a plea by Indonesian President Joko Widodo for unity and concrete action to mend the global economy despite deep rifts over the war.
Pakistan’s central bank raised its key policy rate by 100 basis points to 16% on Friday in an unexpected move to ensure high inflation does not get entrenched.
Retailers unveiled a trove of fresh seasonal promotions on Friday, as they try to coax sales from reticent shoppers whose holiday cheer has been tempered by inflation and worries over a softening economy.
The real estate and properties transactions valued at Dhs15 billion in total during the week ending 25 November 2022. The sum of transactions was 2,867.