Economists at MUFG warned of "high uncertainty of the outcomes and duration of this war", giving a "scenario analysis" of...
Hong Kong, China - Asian stocks fell Thursday after the Federal Reserve warned Donald Trump's trade war would likely reignite...
"Now is the time to face the three uncomfortable truths ... Inflation remains sticky; financial stresses could make price and...Stubborn inflation is linked to factors such as tight labor markets, strong wage growth, and pent-up demand, despite hikes in interest rates, says an IMF official
Monetary policy strategies and tools like forward guidance and quantitative easing may require adjustments to handle these risks effectively, adds Gita Gopinath
Nanterre, France--Sporadic violence and looting hit several cities across France in a fourth night of protests after the fatal police shooting...In the wake of the death of 17-year-old Nahel at a traffic stop in Paris, France has deployed 45,000 officers backed by light armored vehicles to quell violence
The violence set off by the killing of Nahel has brought out into the open longstanding grievances about policing and racial profiling in the country's multi-ethnic suburbs
- Amman, Jordan-- Trade between Jordan and non-Arab Asian countries has shot up in the first quarter of 2023, with the...
The kingdom's exports to the Greater Arab Free Trade Area increased by 1 percent in Q1 of 2023 to touch $1.14 bn as against $1.13bn in the same period of the last year
Its exports to the American Free Trade Agreement countries rose by 2.6 per cent in Q1, touching nearly $898 million, compared to $876 million for the same period last year
A former assistant of Riad Salameh, the governor of Lebanon's central bank, has been charged with money laundering by France....Marianne Hoayek was grilled in Paris on Friday and placed under investigation for criminal conspiracy and money laundering
Salameh has denied any wrongdoing and says he built his fortune when he worked in Merrill Lynch before becoming central bank governor
- The Middle East and North Africa region scores only 62.6% in gender parity, and at the current pace, the region...
The Middle East and North Africa region scores only 62.6% in gender parity, and at the current pace, the region will achieve full parity in 152 years, says a WEF report
Solutions like Gender Parity Accelerators and DEI Lighthouse Program are being implemented, but the path to gender parity remains a challenging one, it adds
PARIS, FRANCE - French Minister of Foreign Trade Olivier Becht said his country and the UAE share a common vision...The UAE and his country are working together on low-carbon energy solutions, the French minister said.
The minister highlighted the rising number of natural disasters globally caused by climate change.
Wall Street rises as US consumer inflation moderates.The personal consumption expenditure index measure of inflation eased to 3.8 percent year-on-year in May.
The data comes on the heels of other upbeat economic reports this week adding to hopes the US economy can avoid a recession.
VIENNA, AUSTRIA - A new US$60 million loan by the OPEC Fund for International Development (OFID) and partners is expected...The project will include constructing a 166km overhead transmission line connecting the Kagera region to the national grid.
Tanzania is investing in expanding its hydropower capacity with plants under development at Rusumo and Kakono in its northwestern region.
RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) has announced the addition of over 1,500 new companies...This robust growth represents a remarkable 132 percent increase compared to the same period in 2022.
The majority of these investors are from countries such as India, Pakistan, the UK, Egypt and Russia.
- Pakistan's negotiations with the IMF for the last tranche of a $6.5 billion bailout package agreed in 2019 stalled in...
The economy has been stricken by a balance-of-payments crisis, while months of political chaos have scared off potential foreign investment
Inflation has rocketed, the rupee has reached a record low against the dollar, and the country can no longer afford imports
