During the holy month of Ramadan, the working day is reduced by two hours however, this has never had an adverse effect on the Dubai real estate market as we continue to see the same amount of transactions.
After falling by more than 3 per cent in 2020, global GDP will increase by 5.9 per cent this year and 4.3 per cent in 2022. Rapid economic growth in the United States, driven by President Joe Biden’s stimulus packages and general resilience to new restrictions early in 2021 have helped improve the outlook, despite widespread COVID-19 transmission this spring.
Dubai Airport Freezone Authority (DAFZA) has announced that its foreign non-oil trade reached more than AED119 billion in 2020. The free zone contributed 10% to Dubai's non-oil foreign trade and 25% to the total trade in free zones in the emirate of Dubai. This affirms the free zone's capability in overcoming the challenges and consequences of the pandemic. The results demonstrate DAFZA's integrated ecosystem that ensures continuity of global trade despite various economic conditions and fluctuations.
Brox Equity, a private company registered in Alberta, Canada, is combining traditional energy and the emerging crypto experience as a way to contribute to Canada’s economic recovery for the energy industry. The company is raising up to US$20 million through an innovative exempt digital security offering which will provide investors with diversified exposure to bitcoin, natural gas and electricity.