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Showing posts from June, 2023

The 'Reserve Bank Of New Zealand'.

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    The 'Reserve Bank Of New Zealand'.  The Reserve Bank of New Zealand (RBNZ) is the central bank of New Zealand. It was established in 1934 and is responsible for conducting monetary policy, regulating and supervising the banking system, promoting financial stability, and issuing New Zealand's currency. The Reserve Bank of New Zealand. - Established: 1 August 1934 - Structure: Central bank - Governor: Adrian Orr - Deputy Governor: Geoff Bascand - Headquarters: Wellington, New Zealand - Ownership: Government-owned (operates independently from the New Zealand Government) - Currency: New Zealand Dollar (NZD) - Official Cash Rate (OCR): Currently 0.25% (as of June 2021) - Core functions: Monetary policy, financial stability, currency management and issuance, prudential regulation and supervision of registered banks, non-bank deposit takers, and insurers - Other responsibilities: Oversight of payment and settlement systems in New Zealand, statistical...

'GDP Growth' By New Zealand.

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        GDP Growth' By New Zealand.  - Gross Domestic Product (GDP) is a measure of the total value of goods and services produced in a country in a given time period. - In 2019, New Zealand's GDP was NZD 317.9 billion. - The IMF estimates that New Zealand's GDP contracted by around 2% in 2020 due to the impact of the COVID-19 pandemic. Prior to that, New Zealand had experienced several years of relatively strong growth. - According to Statistics New Zealand, the country experienced average annual GDP growth of around 3% in the years 2014-2019. - More recently, New Zealand's GDP growth has been somewhat uneven, with quarterly fluctuations reflecting the effects of the pandemic and the country's efforts to respond to it. - In the first quarter of 2021, New Zealand's GDP grew by 1.6% compared to the previous quarter, driven by strong growth in consumer spending and construction activity. - The New Zealand government has set a goal of achieving sustaina...

New Zealand 'Economic Data'.

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        New Zealand 'Economic Data'. Here are some key economic data points regarding New Zealand.  1. GDP :- As mentioned earlier, New Zealand's GDP in 2019 was NZD 317.9 billion. The country is considered a developed economy and is ranked 39th in the world by GDP (PPP).      2. Inflation :- New Zealand's inflation rate was 1.5% in the first quarter of 2021, up from 1.4% in the previous quarter. The Reserve Bank of New Zealand has a target inflation rate of 1-3%.      3. Unemployment :- The unemployment rate in New Zealand was 4.7% in the first quarter of 2021, down from 5.2% in the previous quarter.       4. Trade :- New Zealand is heavily reliant on international trade, with exports making up over 20% of GDP. The country exports a range of products including dairy, meat, wool, wine, and forestry products. New Zealand also imports a wide range of goods, primarily from Australia, China, and the U...

Dubai 'GDP growth'.

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            'GDP growth' in Dubai.   1. Recent GDP growth :- According to the Dubai Statistics Center, Dubai's GDP grew by 4.6% in 2019, reaching AED 417.5 billion (roughly USD 113.6 billion). This growth was mainly driven by the trade and logistics, real estate, and manufacturing sectors. 2. Pre-pandemic growth Currency :- Before the COVID-19 pandemic, Dubai's economy had been growing steadily, with an average annual growth rate of 3.8% between 2014 and 2019. 3. Tourism sector :- The tourism sector is a major contributor to Dubai's GDP, accounting for around 11% of the city's economic output. In 2019, Dubai welcomed more than 16 million tourists, who spent a total of AED 86.2 billion (roughly USD 23.4 billion). 4. Trade and logistics sector :- Dubai's strategic location and world-class infrastructure have made it a regional hub for trade and logistics. The sector contributes around 26% of Dubai's GDP, with a total value of AED 392 bill...

Dubai 'Economic Data'

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              Dubai Economic Data.   1. GDP :- Dubai's GDP was estimated at AED 417.5 billion (roughly USD 113.6 billion) in 2019, making it one of the largest and fastest-growing economies in the region. 2. Economic sectors :- The main sectors of Dubai's economy include trade and logistics, tourism, real estate, finance, manufacturing, and renewable energy. 3. Trade and logistics :- Dubai's strategic location and world-class infrastructure have made it a major hub for international trade and logistics. In 2019, the city's ports handled over 15.7 million containers, while Dubai International Airport welcomed over 89 million passengers. 4. Tourism :- Tourism is a major contributor to Dubai's economy, with over 16 million visitors in 2019. The city offers a range of attractions and activities, including luxury hotels, shopping malls, theme parks, and cultural landmarks. 5. Real estate :- The construction and real estate sector is a ke...

'Emirates NBD Bank PJSC' in Dubai.

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      'Emirates NBD Bank PJSC' in Dubai. Emirates NBD is one of the largest banking groups in the Middle East, with a significant presence in Dubai. Here are some key details about Emirates NBD Bank PJSC.  1. History :-  Emirates NBD was formed in 2007 as a result of a merger between Emirates Bank International (EBI) and the National Bank of Dubai (NBD). The bank is headquartered in Dubai and has operations in several other countries, including Egypt, Saudi Arabia, and Singapore. 2. Services :-  Emirates NBD offers a wide range of personal and corporate banking services, including savings and current accounts, loans and mortgages, credit cards, wealth management, and insurance. 3. Financials :-  Emirates NBD is listed on the Dubai Financial Market and the National Stock Exchange of India. In 2020, the bank reported total assets of AED 694.8 billion, or approximately USD 189 billion. The bank's net profit for the same year was AED 7.4 ...

Gujarat 'Tropical Cyclone Biparjoy'.

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       Gujarat 'Tropical Cyclone Biparjoy'.  The Meteorological Department has also issued an alert in Gujarat. PM Modi has also held a meeting with the concerned officials. The cyclone will reach Gujarat on June 15. Its effect will be seen in Saurashtra and Kutch for 3 days.           https://youtu.be/wVH70bPydt0         

World Environment Disaster.

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         World Environment Disaster.  The world has witnessed several environmental disasters over the decades, with devastating consequences for both people and the planet. Here are some notable examples, along with their impact and key data.  1. Chernobyl nuclear disaster :-  In 1986, a nuclear explosion occurred at the Chernobyl power plant in Ukraine, releasing radioactive material into the atmosphere. The disaster caused at least 31 deaths and exposed thousands of people to radiation. The long-term health effects of the disaster are still being studied, but it is estimated that over 100,000 people were affected. 2. Deepwater Horizon oil spill :-   In 2010, an oil rig explosion in the Gulf of Mexico spilled almost 5 million barrels of oil into the ocean. The spill killed a large number of fish, marine mammals, and birds, and had lasting ecological effects on the region. The total cost of the disaster is estimated at $61.6 billion. 3...