Rouhani says Iran budget set to resist US sanctions by curbing oil dependence

DUBAI: Iran’s president presented a draft state budget of about $39 billion to parliament on Sunday, saying it was designed to resist U.S. sanctions by limiting dependence on oil exports. Officials have not given figures for the oil price and export volumes used in the calculations, although the IMF has indicated Iran would need oil […]

Economic empowerment for women focus of Weegs 2019

Sharjah: Inclusive and equitable economic growth can only be possible with women’s economic empowerment, Sheikha Jawaher bint Mohammed Al Qasimi, wife of His Highness Dr Sultan Bin Mohammad Al Qasimi, Supreme Council member and Ruler of Sharjah and Chairperson of NAMA Women Advancement Establishment, stated ahead of the upcoming Women’s Economic Empowerment Global Summit (WEEGS […]

A second great recession highly unlikely, says new global economic report

DUBAI: The global economy is not likely to witness another Great Recession-style collapse, despite several indicators to the contrary in recent months, according to a newly-published report by the Arab Strategy Forum in partnership with Good Judgement Inc, the world’s leading geopolitical and economic forecasting institution. Titled ‘11 Questions for the Next Decade’, the wide-ranging […]