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Dubai housing boom buoys buyers, burdens tenants
Dubai housing boom buoys buyers, burdens tenants
by  AFP

With rents soaring and properties selling fast, the expatriate hub of Dubai is in the throes of a housing boom bolstered by rich emigres that has buoyed investors and burdened tenants. But the housing boom has made it more expensive for them to live in the city.

Bosnian furniture sector spurs economic growth
Bosnian furniture sector spurs economic growth
by  AFP

The screech of chainsaws echoes through a Bosnian forest edged by snowy peaks, where lumber is to be crafted into high-end furniture to adorn European or South Korean homes. Eldin Sabeta, head of sales at Standard Furniture Factory -- one of the country's largest exporters, said Bosnian producers have consistently crafted superb products at more affordable prices compared to many competitors.

World Bank hopes to select new chief by May
World Bank hopes to select new chief by May
by  AFP

The World Bank said Wednesday it hopes to find a successor by early May to chief David Malpass, who has announced he will step down nearly a year early. A week ago, he made a surprise announcement that he would leave his post nearly a year before his term was due to expire in 2024.

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