Syria's central bank chief said Thursday that the country's currency would start to be replaced with a revamped version from...
However, Qatar faces downside risks from a deeper global economic slowdown that could weaken energy demand and LNG prices amid...
Trade tensions between the world's two biggest economies have soared as Trump ramped up levies on imports from China this...But how soon the tariffs can be lowered "depends on them," Trump said, referring to Beijing, even as he maintained that he gets along "very well" with Chinese President Xi Jinping
But earlier Wednesday, US Treasury Secretary Scott Bessent told reporters that the two countries are "not yet" talking when it comes to lowering tariffs
Washington, United States -- The International Monetary Fund on Tuesday slashed its forecast for global growth this year, citing the...The IMF projections see the global economy growing by 2.8 percent this year, 0.5 percentage points lower than the previous World Economic Outlook (WEO) forecast in January.
The IMF expects China, the world's second-largest economy, to see growth slump to 4.0 percent this year, down from 5.0 percent in 2024.
With several markets still closed for the Easter holiday, business was limited ahead of a week that will see the...The precious metal was also helped by a weaker dollar, which has also been hit by worries about Trump's standoff with Fed boss Jerome Powell.
Stocks had a mixed start to the week, with Tokyo weighed by the stronger yen while Taipei, Jakarta and Bangkok were also in negative territory.
China on Monday hit out at other countries making trade deals with the United States at Beijing's expense, promising countermeasures...While the rest of the world has been slapped with a blanket 10 percent tariff, China faces levies of up to 145 percent on many products
China has vowed to fight a trade war "to the end" and has not confirmed that it is in talks with Washington, though it has called for dialogue
The UAE climbed from 17th to 11th globally in merchandise exports and from 18th to 14th in imports between 2021...The UAE accounted for 41.4 percent of the Middle East’s $1.5 trillion merchandise exports, with regional exports growing by 3.7 percent and services by 4.1 percent in 2024.
Globally, the UAE contributed 2 percent to services exports and 1.3 percent to imports, with service exports of $176 billion and imports of $106 billion.
- Stocks later rallied after Trump announced a 90-day pause on additional higher tariffs that were set to impact around 80...
New US tariffs have upended global trade and caused significant volatility in financial markets
In early April, global stock markets plummeted after US President Donald Trump unveiled a new tariff regime
Beijing, China -- While China's leaders use their economic and political might to fight Donald Trump's trade war "to the...Defiant posts have shot to the top of most-searched lists on social media, flooding platforms with patronizing comments and jokes.
In one video, a Chinese internet user opens his hands to reveal what goods he buys from the United States -- nothing.
- Egypt's central bank on Thursday announced that it was lowering interest rates for the first time since 2020, days after...
The Central Bank of Egypt cut interest rates by 225 basis points, its monetary policy division said in a statement
Its overnight deposit rate, overnight lending rate, and the rate of the main operation now stood at 25%, 26 percent and 25.5%, respectively
UNCTAD report '"Trade and Development Foresights 2025 – Under pressure: Uncertainty reshapes global economic prospects” cited mounting threats including trade...Rising trade tensions are impacting global trade, with UNCTAD noting that recent tariff measures are disrupting supply chains and undermining predictability.
The slowdown will affect all nations, but UNCTAD remains concerned about developing countries and especially the most vulnerable economies.
- The Saudi-led oil cartel said in a monthly report that it now expects demand to grow by 1.3 million barrels...
The Organization of the Petroleum Exporting Countries now sees global demand reaching at total 105.05 million bpd this year.
Oil prices sank to a four-year low last week, dipping under $60 per barrel over concerns about the impact of President Donald Trump's tariffs.
