Bloomberg The world faces a recession in 2023 as higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Centre for Economics and Business Research (Cebr). The global economy surpassed $100 trillion for the first time in 2022 but will stall in 2023 as policy makers continue their fight against soaring prices, the ...

  Dubai / WAM The pumped-storage hydroelectric power plant site that Dewa is building in Hatta is 58.48% complete. This is the first station of its kind in the GCC, with investments of up to AED1.421 billion. The project is planned for completion in Q4 of 2024. The power plant will have a production capacity of 250 megawatts (MW), a ...

  Dubai / WAM In line with the adoption of Resolution No. 81 approved by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, approving the organisational structure of Dubai Land Department (DLD), and in line with the strategies drawn by the UAE’s wise leadership for the upcoming development ...