Lebanon leadership opts for debt default

Beirut: Lebanon’s top leaders oppose repaying the country’s looming debt maturities, the presidency said in a statement on Saturday after a meeting at the presidential palace. The president, prime minister, parliament speaker, central bank governor and head of the country’s banking association attended the meeting. “The attendees decided unanimously to stand by the government in […]

Saudi Arabia gets new economy minister

RIYADH: Saudi Arabia’s King Salman has transferred the economy minister in the latest cabinet reshuffle, official media reported citing a royal decree, as the kingdom grapples with plunging oil prices. Saudi Press Agency said the king has tasked Finance Minister Mohammed Al Jadaan with overseeing the ministry. Al Tuwaijri was appointed as adviser to the […]

Brisk business: Abu Dhabi records Dh58 billion worth of real estate transactions in 2019

Abu Dhabi: Abu Dhabi has recorded Dh58 billion worth of real estate transactions in 2019, the Department of Municipalities and Transport (DMT) revealed on Wednesday. In a statement, DMT announced the total value of real estate transactions in Abu Dhabi during 2019 reached Dh58 billion as 19 thousand transactions were completed. The transactions included sales […]