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World economy to pick up in 2016: UAE

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9 years ago

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Dubai: The global economy is expected to improve by 2016 as Asian countries are growing faster, the United Arab Emirates’ (UAE) minister of economy said.

“The world economy is definitely going to pick up. For 2016, or the second half of next year, the expectation is that the economy of many parts of the world is going to rise,” quoted Sultan Al-Mansouri as saying at the World Economic Forum (WEF) Summit on the Global Agenda 2015, that kicked off here on Sunday.

He said the current oil price level of around $50 per barrel is a challenge for the UAE and the rest of the world alike.

He said that there is also a forecast that a pick-up in the price of oil would take place.

The UAE has a clear plan to reduce the share of oil in the economy by 10 percent within the next 15 to 20 years, he said.

Currently, oil stands for 29 percent of the gross domestic product of the UAE that harbours seven percent of the world’s known oil reserves.

Last week, Masood Ahmed, director of Middle East and Central Asia at the International Monetary Fund (IMF), said the UAE would record a fiscal deficit of 3.5 percent of gross domestic product.

It could increase further in the coming years if oil prices do not pick up significantly.

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Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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