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As a result of COVID-19 pandemic, the UAE’s economy shrank by 6.1% in 2020. [33] The country’s account balance dropped to six per cent of GDP in 2020 from 8.5 per cent in 2019 due to the underperformance of both hydrocarbon and non-hydrocarbon exports mitigated by lower imports. [34]
The COVID-19 pandemic in the United Arab Emirates is part of the worldwide pandemic of coronavirus disease 2019 caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The first confirmed case in the United Arab Emirates was announced on 29 January 2020. It was the first country in the Middle East to report a confirmed case. [4]
Some of the key economic events during the collapse of the Japanese asset price bubble include the 1997 Asian financial crisis and the dot-com bubble. In addition, more recent economic events, such as the 2007–2008 financial crisis and August 2011 stock markets fall have prolonged this period. Black Wednesday: 16 Sep 1992 UK
This is a list of such named time periods as defined in various fields of study. These can be divided broadly into prehistorical periods and historical periods (when ...
The COVID-19 recession was a global economic recession caused by COVID-19 lockdowns. The recession began in most countries in February 2020. After a year of global economic slowdown that saw stagnation of economic growth and consumer activity, the COVID-19 lockdowns and other precautions taken in early 2020 drove the global economy into crisis.
Employees with excessive financial obligations, or those with substance abuse or gambling problems may steal to meet their personal needs. [ 9 ] Opportunities: Although the financial statements of all companies are potentially subject to manipulation, the risk is greater for companies in industries where significant judgments and accounting ...
The Cash Basis IPSAS shall be applied to prepare government financial statements to cover the fiscal year July 1, 2009 to June 30, 2010, the government will migrate to the accrual basis IPSASs over a five-year period. Lithuania – Approved IPSAS accrual accounting standards and are preparing accrual accounting financial statements for 2010.
Coin exchange crisis of 692.Byzantine emperor Justinian II refuses to accept tribute from the Umayyad Caliphate with new Arab gold coins for fear of exposing double counting in the Byzantine financial system (actual weight less, than nominal quantity), which leads to the Battle of Sebastopolis and the revolt of taxpayers who burned financial officials in a copper bull.