Moving forward, lower oil revenues will continue to pose challenges to the Saudi economy and its overall targets. Earlier this...
- The Middle East and North Africa (MENA) region is rapidly becoming one of the world’s most dynamic retail e-trading markets,...
Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and were disrupting...Cook said he expected "a majority of iPhones sold in the US will have India as their country of origin."
Tit-for-tat exchanges have seen hefty US levies imposed on China, with Beijing setting retaliatory barriers on US imports
"Growth is still projected to increase in 2025 and 2026, but at a considerably slower pace than anticipated last October,"...The lender lowered growth projections from 4 percent to 2.6 percent for 2025, and from 4.2 percent to 3.4 percent for 2026.
In 2024, average growth in the region slowed to 1.8 percent -- from 2.1 percent the year before -- due to "ongoing conflicts and extended voluntary oil production cuts".
- United States officials have reached out to their Chinese counterparts for talks on vast tariffs that have hammered markets and...
Punishing US tariffs that have reached 145 percent on many Chinese products came into force in April, while Beijing has responded with fresh 125 percent duties on US imports
Beijing has vehemently denied any talks are taking place while repeatedly urging the United States to engage in dialogue in a "fair, respectful and reciprocal" manner
Stocks moved sideways on Monday after notching four straight positive sessions last week as Trump adopted a more conciliatory posture...Trump's pivot includes limitations on the impact of multiple tariffs on carmakers and a measure to allow carmakers to offset a portion of the levy for two years
Investors are "encouraged by the Trump decision to be a little more flexible (...) with the autos," said CFRA Research's Sam Stovall, who predicted stocks could go higher
Riyadh, Saudi Arabia -- Saudi Arabia and Qatar announced on Sunday that they would settle Syria's debt to the World...Both Gulf states have played a key role in the diplomatic outreach to Syria's new rulers since the ouster of longtime strongman Bashar al-Assad in December.
The statement came just days after Syria's central bank governor and finance minister attended the IMF and World Bank spring meetings for the first time in more than 20 years.
- Even if they don't all acknowledge it so openly, firms in many different sectors are stockpiling their products in the United...
Whether it's the luxury, electronics or pharmaceutical sectors, US President Donald Trump's unpredictability complicates the calculations of firms.
Some companies didn't wait for Trump's April 2 announcement of massive "reciprocal" trade tariffs: they had already begun shipping more of their goods to the United States.
Beijing, China - President Xi Jinping said China must "overcome" the challenges of developing core AI technologies including high-end chips,...China aims to dominate the artificial intelligence sector, a goal complicated by the trade standoff with Washington
Since the launch of ChatGPT in November 2022, generative AI models have proliferated in the United States and China
- Washington, United States - The International Monetary Fund and World Bank's leaders said in a joint statement Thursday that they...
The statement, issued with Saudi Arabia's finance minister, came as Syria's central bank governor and finance minister attended the IMF and World Bank's spring meetings
Significant amounts of Syria's infrastructure have been destroyed by 14 years of war, beginning with a crackdown by president Bashar al-Assad on a pro-democracy movement
- Beirut, Lebanon -- Lebanon's parliament on Thursday approved amendments to banking secrecy legislation, a key reform demanded by the International...
The international community has long demanded major fiscal reforms to unlock billions of dollars in aid to restart the Lebanese economy in the wake of a five-year economic collapse
The crash since 2019 has seen the local currency lose most of its value against the US dollar and has pushed much of the population into poverty.
- A meaningful “G3” accord between the US, Europe, and China must include coordinated fiscal, monetary, development, and trade policies. From...
The hardline positions of the US and China on trade and tariffs are putting the world economy at risk, writes Richard Samans
Yet, Europe could broker a 'positive off-ramp' that fires on all of the cylinders of international cooperation
