The institutions announced a USD 4.5 billion debt relief for the North African country in a joint statement. The IMF approved another disbursement of USD 9.3 million and is considering a three-year credit arrangement worth USD 100 million.

A pioneering sustainable city project in the United Arab Emirates, developed when climate change was not a global concern, has been transforming since 2008. Among its latest innovations is creating five buildings with total emissions compensation through generating clean energy.

Data released by the National Institute of Statistics revealed a 5.28 billion deficit year to date through November. The result represents a drop compared to the last year’s numbers.