GDP

Dubai: Are rents in Abu Dhabi falling faster than in Dubai?

The cost of renting apartments appears to have dropped more in Abu Dhabi than it has in Dubai, at least according to the data compiled by one property analyst.

Leasing rates at residential buildings in the UAE capital have registered a 4 per cent decline on average since the beginning of the year until the end of February, according to real estate portal Bayut.com, which has about 1,000 property listings. In comparison, rents in Dubai went up by an average of 4 per cent during the same period, though overall rates remain cheaper compared to last year.

News from Mozambique

Economy

Gas for development or just for money?

Mozambique's gas can be used to promote industrialization and rural development, but only if key choices are made now.  Current priorities are for export based mega-projects promising high revenues, but like past mega-projects doing little to create jobs or reduce poverty. Mega-projects costing tens of billions of dollars are essential, but the Council of Ministers can instruct that negotiations give a higher priority to using the gas to create a domestic industry and jobs, even if it reduces short term income.

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Mozambique to grow fastest among lusophone countries

The World Bank said in its Global Economic Prospects – released last week – that Mozambique’s gross domestic product is expected to grow by 7.2 percent this year before reaching 7.3 percent expansion annually in the following two years.

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Culture

Cycle of Italian Cinema

The cycle of Italian cinema has begun on June 16th and will close on June 20th.  Teatro Avenida, Italian school Giovanni Falcone and Instituto de Audiovisuais will be venues to the 2nd edition of this festival.

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Legal

Mozambique decriminalizes homosexuality from June 29

The previous penal code had been in place, aside from some amendments, since Mozambique was a Portuguese colony, and was written in 1887.  From June 29th the new legislation comes into effect.

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Daily living

The school year is almost over in some international schools

In June some international schools are wrapping up their school year and children are preparing for Summer.  Some will continue in Mozambique, some will start their life elsewhere in the world.  It is a very emotional month for expat children as some will stay and some will go.  Some children embrace moving as an opportunity to make new friends and to learn new things; others get anxious or develop behaviour problems.  It may take children and adults months to adjust after a move.  For many children and adolescents, giving up the familiar—friends, favourite places, and routines—can be difficult.  As parents focus on coordinating the moving process, some children react negatively to the decrease in attention. Children may experience anxiety and grief before, during, and after a move.

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Courtesy of Maputo Relocation.