The Middle East is enjoying an important period of stability as oil prices, economic growth of 5.1% fuel the recovery out of COVID, said Crescent CEO
- Date: 20-Jan-2023
- Source: Zawya
- Sector:Financial Services
- Country:UAE
The Middle East is enjoying an important period of stability as oil prices, economic growth of 5.1% fuel the recovery out of COVID, said Crescent CEO
- “With 100 million young people looking to fulfill their full potential, private sector job creation will be critical to creating job opportunities and enabling a productive economy.
Sharjah, United Arab Emirates: The Middle East is enjoying an important period of political and economic stability with the regional economy buoyed by high oil process and economic growth, Majid Jafar, CEO of Crescent Petroleum, told business leaders gathered at the World Economic Forum in Davos on Thursday. Industrial production has improved, employment has begun rising, and tourism is recovering healthily from the effects of the pandemic, fueling healthy growth of up to 5.1% Jafar said.
However, risks from the global economic situation, like high inflation and interest rates, must be managed, especially in more vulnerable economies of the region before their impact becomes severe. As oil-exporting economies boost the region's growth potential, oil-importing countries in the rest of the region may face progressively tougher conditions in 2023 that will adversely impact young people seeking opportunities and work, Jafar said.
"Governments must pursue structural reforms that encourage more inclusive and resilient growth and support the private sector," Jafar said. "With 100 million young people looking to achieve their full potential, private sector job creation will
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#UnitedNations #SecretaryGeneral #AntonioGuterres condemns world's "unfair global economic and financial systems" and slams rich countries and #energy giants for throttling poor nations with "predatory" interest rates and crippling #fuel prices. @AFP News
United Nations Secretary-General Antonio Guterres condemns the world's "unfair global economic and financial systems" and slams rich countries and energy giants for throttling poor nations with "predatory" interest rates and crippling fuel prices.
United Nations Secretary-General Antonio Guterres condemns the world's "unfair global economic and financial systems" and slams rich countries and energy giants for throttling poor nations with "predatory" interest rates and crippling fuel prices.
VIDEO: United Nations Secretary-General Antonio Guterres condemns the world's "unfair global economic and financial systems" and slams rich countries and energy giants for throttling poor nations with "predatory" interest rates and crippling fuel prices.
VIDEO: United Nations Secretary-General Antonio Guterres condemns the world's "unfair global economic and financial systems" and slams rich countries and energy giants for throttling poor nations with "predatory" interest rates and crippling fuel prices.
[LIVE] In the wake of another rate hike and on top of ongoing loadshedding, high fuel prices and a generally gloomy economic outlook, South Africa’s myriad small and medium enterprises (SMEs) face serious headwinds.
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#ChannelAfrica #TechAfrica
Egypt raises fuel prices amid worsening economic crisis https://www.newarab.com/news/egypt-raises-fuel-prices-amid-worsening-economic-crisis via @the_newarab Egypt is dependent on bailouts both from the IMF and from Gulf allies. Moody's lists Egypt, population 104M, among five economies most at risk of defaulting on its foreign debt
#Pakistan is currently facing an alarming economic crisis that poses a risk of defaulting on its debt. The country has also been hit hard by catastrophic floods that have affected nearly a third of the country, causing a significant increase in food and fuel prices. @bpshah108
From Eskom prepares load shedding schedules beyond stage 8; Egypt hikes fuel prices amid economic crisis…Read these and other stories making the headlines from around the African continent.
https://www.africaninsider.com/news/eskom-prepares-load-shedding-schedules-beyond-stage-8-egypt-hikes-fuel-prices-amid-economic-crisis-here-are-your-top-news-headlines/
The Egyptian #economy was hit hard after Russia's February 2022 invasion of Ukraine unsettled global investors, leading them to pull billions out of the North African country. @AlsisiOfficial
https://trendsmena.com/economy/egypt-raises-fuel-prices-amid-spiraling-economic-crisis/
The proud Pakistani tradition of feeding the hungry is strained as food prices soar https://www.npr.org/sections/goatsandsoda/2023/03/01/1160297867/food-and-fuel-are-out-of-reach-for-many-pakistanis-because-of-the-economic-crisi
The country’s Petroleum Products Pricing Committee said the price per litre of 80-octane fuel would increase to 8.75 pounds ($0.28) from eight pounds previously.
https://www.newarab.com/news/egypt-raises-fuel-prices-amid-worsening-economic-crisis
Pakistani charities struggle to feed the growing number of hungry people :
The proud Pakistani tradition of feeding the hungry is strained as food prices soar
Goats and Soda https://www.npr.org/sections/goatsandsoda/2023/03/01/1160297867/food-and-fuel-are-out-of-reach-for-many-pakistanis-because-of-the-economic-crisi
A statement late on Wednesday by the Egyptian oil ministry said it was raising the price of domestic fuel due to “market volatility”, including the exchange rate of the Egyptian pound.
https://www.newarab.com/news/egypt-raises-fuel-prices-amid-worsening-economic-crisis
A proud Pakistani tradition of feeding the poor is under strain as food and fuel prices soar, just as its needed the most. The @WFP expects more than 5 million people in Pakistan will be a step away from famine by the end of March
https://www.npr.org/sections/goatsandsoda/2023/03/01/1160297867/food-and-fuel-are-out-of-reach-for-many-pakistanis-because-of-the-economic-crisi
The proud Pakistani tradition of feeding the hungry is strained as food prices soar https://www.npr.org/sections/goatsandsoda/2023/03/01/1160297867/food-and-fuel-are-out-of-reach-for-many-pakistanis-because-of-the-economic-crisi?utm_source=dlvr.it&utm_medium=twitter
Egypt’s oil ministry has announced a rise in the price of fuel effective on Thursday, as the Arab world’s most populous nation struggles with inflation
https://www.newarab.com/news/egypt-raises-fuel-prices-amid-worsening-economic-crisis
My question to Imran Khan:
Does he really think all this economic mess is NOT because of the deal he did with IMF & then backed out?The reduction in fuel prices(around Rs.100)that he did before VONC,it was like murdering the country for retaining power!How cud he be so shameless?
Bureau for Economic Research (BER) economists flagged the likelihood of rising fuel prices on Monday, noting that a move by Russia to cut oil production in retaliation for sanctions would further heighten the price of oil. Read more here: https://buff.ly/3kzBwkB
#Logistics #Fuel
If only the tories were as outraged over inflation, interest rates, NHS waiting lists, soaring crime levels, the doubling of our debt, economic growth, frictionless trade, domestic fuel prices ...........
#Egypt raises #fuel prices amid spiraling #economic crisis. @AlsisiOfficial https://trendsmena.com/economy/egypt-raises-fuel-prices-amid-spiraling-economic-crisis/
Egypt raises fuel prices amid spiraling economic crisis https://www.al-monitor.com/originals/2023/03/egypt-raises-fuel-prices-amid-spiraling-economic-crisis
Egypt raises fuel prices amid spiraling economic crisis http://dlvr.it/SkHRtW
Pakistan's economy is on the verge of collapse as the U.N. warns more than 5 million people will be close to famine. Soaring prices now strain a proud tradition of feeding the hungry.
@MaryamNSharif
https://www.npr.org/2023/03/01/1160297867/food-and-fuel-are-out-of-reach-for-many-pakistanis-because-of-the-economic-crisi?s=09
$, interest rates, fuel prices are being raised to give the impression of a severe economic crisis to delay elections.
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