Author: dailyguardian.ae
Driven by a $2 trillion decline in goods trade, global trade is set to contract by five per cent in 2023 compared to last year, the United Nations trade body said on Monday, while making an overall pessimistic forecast for 2024. In 2023, global trade is estimated to reach $30.7 trillion, representing a contraction of about $1.5 trillion (or five per cent) compared to the 2022 record high, the UN Conference on Trade and Development (Unctad) said. Worldwide trade in goods is set to decline eight per cent, or by $2.0 trillion, while services trade should increase by about $500…
In a major upset, the UAE stunned Sri Lanka, a Test-playing country, with a thrilling two-wicket victory in their Under-19 Asia Cup Group B game on Monday. After restricting Sri Lanka to 220 for nine in 50 overs in Dubai, the UAE reached home in 48.2 overs, losing eight wickets. Tanish Suri top-scored for the UAE with a brilliant knock of 75 (88 balls,4 fours, 3 sixes) as the home team earned a famous win. Skipper Aayan Afzal Khan (33 off 55 balls, 2/38) led from the front with a brilliant all-round display. But Sri Lanka still had a chance…
If you’re not satisfied with the audio output of your TV, taking advantage of soundbar deals is the go-to solution. For an affordable way of setting up your home theater system with surround sound, go for the LG S75QR 5.1.2-channel soundbar, which is on sale from Best Buy with a $150 discount that pulls its price down to just $300 from $450. We’re not sure how much time is remaining before you lose your chance at the savings, so if you think this soundbar is the perfect addition to your living room, don’t hesitate with the purchase. Why you should…
Australia on Monday said it would tighten visa rules for international students and low-skilled workers that could halve its migrant intake over the next two years as the government looks to overhaul what it said was a “broken” migration system. Under the new policies, international students would need to secure higher ratings on English tests and there would be more scrutiny on a student’s second visa application that would prolong their stay. “Our strategy will bring migration numbers back to normal,” Home Affairs Minister Clare O’Neil said during a media briefing. “But it’s not just about numbers. It’s not just…
Investing is an endless journey that continues lifelong. Smart investing generates additional income that helps an individual to overcome the effects of rising inflation and provides incremental cash flow from investment that could fund additional expenses. With so much happening globally that impacts finances and financial markets, it is imperative for investors to take a breath, evaluate the past and plan for the investing journey ahead. Though past performance is not a guarantee for assured returns in future, earning through analysis and learnings from the past would certainly lead to positive outcomes. At this crucial juncture, these learnings may come…
Saudi Arabia’s Majed Alsahafi was amazed to see the atmosphere, competition level and the motivation of the players to excel as the 5th Fazza Dubai Para Badminton International 2023 at the Al Nasr Club on Monday. It was Alsahafi and the team’s international debut in Para Badminton. Though the opening day’s campaign for Saudi Arabia wasn’t great, they look ahead to gain valuable experience and lessons going back home. “Getting a chance to perform at this platform is already a motivation and to watch and interact with the Paralympic and world champions here was the icing on the cake. We…
For some of the best soundbar deals as well as speaker deals, Best Buy is the place to go thanks to its many discounts on Sonos speakers and soundbars. There are savings of up to $181 on some of the most highly-sought after Sonos devices around. With many on sale, we suggest hitting the button below to see the full wealth of what’s out there. However, if you need a little more guidance, keep reading while we take you through some of the highlights currently available. What to shop for in the Best Buy Sonos sale Sonos makes some of…
Dubai’s Department of Economy and Tourism (DET) has announced the launch of the ‘Dubai Unified Licence’ (DUL), a unique commercial identification provided to all businesses in Dubai with the aim of achieving a streamlined approach to various business processes. Issued to existing and newly established businesses in Dubai, operating with either a mainland or a free zone licence, the DUL initiative introduces a unified digital registry. Launched in collaboration with the Dubai Free Zones Council, the registry consolidates all economic establishments in Dubai and its Free Zones into a single platform for data management, collation and sharing, serving as a…
Australia is undertaking futuristic reforms to its existing migration system with a greater scrutiny of antecedents of applicants. In its new migration strategy, the Australian government outlined a vision with a policy roadmap containing several key “actions” and over 25 new policy commitments and areas for future reform. People familiar with the matter said it will not have an adverse impact on the flow of Indian students and professionals into the country. The new migration strategy will include greater scrutiny of English language proficiency. This migration strategy was unveiled on Monday following extensive consultation with key stakeholders with an aim…
Masdar, Abu Dhabi’s renewable energy company, is aiming to raise $3 billion over the next few years through its Green Finance Framework, a senior official said. Proceeds will be used for the purpose of financing Masdar’s equity in new greenfield solar, wind or battery storage projects, Niall Hannigan, Chief Financial Officer, Masdar, told Khaleej Times in an interview. “Getting climate finance right presents a huge opportunity for growing renewable energy capacity around the world,” he added. Earlier this year, Masdar announced the successful completion of its first green bond issuance for $750 million 10-year senior unsecured notes. “The appetite was…