Month : November 2024

Business

Wage inequality declines globally in two-thirds of countries since 2000

iraqupdate.com
by iraqupdate.com0120
Wage inequality has declined in two-thirds of nations since 2000, with significant progress in low-income countries, but high disparities and uneven regional wage growth persist,...
Business

UAE’s non-oil economy set for 4.7% growth in 2024, says UBS expert

iraqupdate.com
by iraqupdate.com0131
The UAE's non-oil economy is forecast to grow 4.7% in 2024, driven by tourism, real estate, and infrastructure projects, alongside robust foreign investments and diversification...
News

Surge in European electricity prices adds pressure to fragile economy

iraqupdate.com
by iraqupdate.com0111
European wholesale electricity prices are at record highs, exacerbating economic strain on businesses and consumers already battling weak demand and inflationary pressures across industries....
Luxury

Luxury brands struggle as only a third project growth in 2024

iraqupdate.com
by iraqupdate.com0421
The global luxury market faces a 2% decline in 2024, with 50 million consumers exiting due to high prices and reduced innovation, Bain & Company’s...
News

Seven killed in residential fire in central China’s Hunan Province

iraqupdate.com
by iraqupdate.com0139
Seven people were killed in a residential fire in Hunan Province, China, early Saturday. Authorities extinguished the blaze in a five-story building and are investigating...
News

EU delays anti-deforestation law implementation to December 2025

iraqupdate.com
by iraqupdate.com0143
The EU postponed its anti-deforestation law enforcement to December 2025, citing stakeholder concerns. Environmental groups criticize the delay, while exporters argue it allows time for...
Business

Dubai unveils first global maritime code to boost port infrastructure

iraqupdate.com
by iraqupdate.com0120
Dubai's PCFC launches the Dubai Code for Ports, a global first, setting new standards in maritime infrastructure and supporting Dubai's growth as a leading global...
News

Ishiba pledges major reforms in Japan following re-election by parliament

iraqupdate.com
by iraqupdate.com0119
Japan’s PM Shigeru Ishiba will pursue party and legislative reforms, pledging ¥10 trillion to boost high-tech sectors, strengthen AI and chips, and advance Japan’s economic...
News

Mukhtar Babayev emphasizes unity at COP29’s opening session in Baku

iraqupdate.com
by iraqupdate.com0172
COP29 President Mukhtar Babayev commits to advancing the UAE Consensus, emphasizing the need for equitable climate finance to aid vulnerable nations. The conference marks a...
Business

ADNOC Gas plans $5 billion Ruwais LNG stake acquisition by 2028

iraqupdate.com
by iraqupdate.com0144
ADNOC Gas finalizes plans to acquire a majority stake in Ruwais LNG by 2028, aligning with its $15 billion CAPEX initiative and advanced low-carbon facility...