Unemployment in the 16 nations that share the euro rose to 8.5 per cent in February, with some 319,000 more people in the region without work than in January, according to figures from the EU statistics office released today.
In January, the unemployment rate was 8.3 per cent. Eurostat said the jobless rate across the entire 27-nation European Union is now 7.9 per cent, up from 7.7 per cent in January.
In the EU, 478,000 more people were looking for a job than in January, adding to some 19 million unemployed in the region.
Unemployment is highest in Spain at 15.5 per cent, Latvia at 14.4 per cent and Lithuania at 13.7 per cent. All three saw the highest increase in jobless rates from a year ago as they were hit by the bursting of a housing bubble and a sharp downturn.
Young people are far more likely to be jobless than a year ago, with the EU unemployment rate for under 25s at 17.5 per cent. It was 14.7 per cent in February 2008.
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THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
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VEZEETA PROFILE
Date started: 2012
Founder: Amir Barsoum
Based: Dubai, UAE
Sector: HealthTech / MedTech
Size: 300 employees
Funding: $22.6 million (as of September 2018)
Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital
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'The Woman in the House Across the Street from the Girl in the Window'
Director:Michael Lehmann
Stars:Kristen Bell
Rating: 1/5
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
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Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
COMPANY%20PROFILE
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