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WEBGlobal inflation, potential US downturn and China’s real estate woes: The top macro themes for 2024. The consequences of the biggest global tightening of monetary policy since the early 1980s are becoming apparent. Several economies including Brazil, Chile, Colombia, Germany, Japan and the U.K. are already in or are nearing a recession.
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WEBCEO interview: Riyadh’s King Abdullah Financial District is being ‘activated’ in 2024. Imogen Lillywhite, ZAWYA.
Kuwait approves $3.15bln projects in 2023-2024 - ZAWYA
WEBMay 1, 2023 · OPEC producer Kuwait has approved 239 projects with a combined value of around 955 million Kuwaiti dinars ($3.15 billion) for the new fiscal year 2023-2024, a local newspaper reported on Monday. The projects for the new fiscal year which began on 1 April cover construction, development, oil and other sectors, the Arabic language daily Alqabas ...
Saudi Arabia finalises law to protect whistleblowers - ZAWYA
WEBFebruary 27, 2019. LEGAL SAUDI ARABIA. RIYADH — The National Anti-Corruption Commission (Nazaha) will soon bring a law to guarantee the protection of whistleblowers and witnesses in graft cases. Abdulrahman Al-Ajlan, spokesperson of Nazaha, said law has drafted and the announcement about its issuance is expected in the near future.
Dubai set to see housing shortage as population explodes - ZAWYA
WEBAugust 20, 2023. UAE GCC COUNTRIES REAL ESTATE. Dubai’s residential market could be facing a shortfall in the long-term with a projected population growth fuelling the need for a development boom. According to a forecast by real estate consultancy Knight Frank, external drivers such as the recently announced Dubai Economic Agenda ‘D33 ...
Why South Africa needs more small businesses - ZAWYA
WEBMay 9, 2023 · A recent report published by the International Finance Corporation (IFC) estimates that small businesses contribute up to 34% of the total GDP. Often referred to as the engines of South Africa’s economy, small businesses provide much-needed economic stimulus. A factor that experts predict will become more prevalent over the next decade.
Dubai unveils world's largest concentrated solar power project
WEBDec 6, 2023 · The 950-megawatt (MW) fourth phase is the largest investment project that uses three hybrid technologies: 600MW from a parabolic basin complex, 100MW from the CSP tower, and 250MW from photovoltaic solar panels. Built at an investment of AED15.78 billion, using the independent power producer (IPP) …
Saudi Mobily/ITC Consortium kicks off SNFN modernisation
WEBOctober 11, 2020. SAUDI ARABIA TECHNOLOGY TELECOMMUNICATIONS. Riyadh – The Consortium of the main Saudi Telecom carriers, Etihad Etisalat Company (Mobily) and Integrated Telecom Company (ITC) penned the agreement of the Saudi National Fiber Network (SNFN) modernisation project with their partner Huawei. The SNFN project will contribute to the ...
UAE firm launches new property tokenization platform - ZAWYA
WEBMay 18, 2021 · Bringing 5 billion USD in liquidity by 2024. Linked to a decentralized finance (DeFi) liquidity pool, Arms & McGregor International Realty is bringing the new concept of Europe’s leading real estate tokenization firm Blocksquare to UAE. The platform will be accessible to all real estate owners and brokers in the GCC.
China’s Gezhouba wins $1.12bln contract to build housing
WEBAug 29, 2023 · Kuwait’s Public Authority for Housing Welfare (PAHW) has awarded contracts worth $1.12 billion (345 million Kuwaiti dinars) for the construction and maintenance of its South Saad Al-Abdullah housing project to China Gezhouba Group. A total of 10 companies submitted their bids, but the Chinese construction and engineering company offered the ...
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