Oman

Gaza’s economy could take decades to recover, says U. N. industry body

It would possibly take until the last years of the century for Gaza’s economy to return to pre-conflict levels if hostilities in the Palestinian enclave cease immediately, the U. N. industrial framework said in a report released Wednesday. Hamas gunmen on Oct. 7 killed more than 26,000 people, according to local authorities, and decimated the infrastructure and livelihoods of its 2. 3 million residents.

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UAE’s TAQA sells its stake in Kurdistan’s Atrush oilfield

The Dabi National Energy Company (TAQA) sells its entire stake in the Atrush oil field in Iraq’s Kurdistan Region. In a statement to the Abu Dhabi Stock Exchange (ADX), the company said on Monday that the transaction remains subject to third parties. approval. The sale will be made through its wholly-owned subsidiary, TAQA International BV. Covering an area of 269 square kilometers, the box was first discovered in 2011 and oil production began in July 2017. It is located 85 km northwest of Erbil, the capital. of the Kurdistan Region.

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