Egypt's central bank on Thursday announced that it was lowering interest rates for the first time since 2020, days after...
London, United Kingdom -- Why do investors flock to gold when economic times turn tough? As the precious metal reaches...
The US should continue tightening monetary policy to bring down inflation while assessing the impact of last month's financial turmoil...The rate-setting Federal Open Markets Committee voted last month to continue raising interest rates to tackle inflation.
The FOMC took this decision despite the turmoil when Californian high-tech lender Silicon Valley Bank dramatically collapsed.
Equity markets rose, with Paris hitting a record-high, as investors reacted positively to easing inflation, recession concerns and some strong...In a sign of cooling inflation, Singapore's central bank kept rates steady, having previously hiked five times in a row.
Stocks advanced "on increasing signs that the global round of interest rate hikes could be drawing to a close".
Riyadh, Saudi Arabia - Saudi Arabia's annual inflation rate dropped to 2.7 percent in March from 3 percent in February,...Housing, water, electricity, gas, and other fuels rose by 7.4% from the previous year, with overall rents for housing increasing by 8.7%
Experts predict a decelerating trend in inflation in Saudi Arabia over the coming months due to easing global supply-side costs
Abu Dhabi, UAE - Egypt has over 3,000 Emirati companies operating in telecommunications, construction, smart cities, retail, oil and gas,...Al Jarwan said that the two countries also aim to increase the investment to $35 billion over the next decade.
Egypt has over 3,000 Emirati companies operating in telecommunications, construction, smart cities, and other areas
Since the launch of Vision 2030, the kingdom's unemployment rate has notably dropped due to economic development, job localization, and...Since the launch of Vision 2030, the kingdom's unemployment rate has notably dropped due to economic development, job localization, and greater women participation in labor market
The Saudi Ministry of Human Resources, which conducted a labor market supply and demand study, aims to create a national unit to identify future specializations and required skills
Qatar bought a 17-percent stake in German auto group Volkswagen in 2009 and paid a reported $1.7 billion for Harrods...Sheikh was questioned about the Qatar Investment Authority's foreign purchases in the rare televised encounter
Despite global economic troubles, Qatar last year had a budget surplus of nearly $25 billion as natural gas prices surged
The European Union's central data regulator said it was forming a task force to help countries deal with AI chatbot...ChatGPT can generate essays, poems and conversations from the briefest of prompts and is capable of passing exams.
Chatbot can only function if it is trained on vast datasets, raising concerns about where OpenAI gets its data.
- Rome, Italy -- Tackling gender inequalities in agrifood systems and empowering women reduces hunger, boosts the economy, and reinforces resilience...
Globally, 36 per cent of working women are employed in agrifood systems, along with 38 per cent of working men.
The gap in food insecurity between men and women widened from 1.7 percentage points in 2019 to 4.3 percentage points in 2021.
- Countries must do more to avert the costly consequences of growing global trade fragmentation, and help avert a "second Cold...
Multilateral institutions like the World Bank and IMF have an important role to play in preventing the world from splintering into different blocs.
An IMF report said that growing trade fragmentation due to Brexit, US-China trade war and Russian invasion of Ukraine, could make the global economy.
Russia delivered a new warning to the West over a grain deal with Ukraine, saying a number of conditions must...Russia, whose economy has been hit by a raft of Western sanctions, has repeatedly threatened to walk away from the agreement if obstacles to its own exports remain.
There are no sanctions on Russian exports of food and fertilizers to global markets but the problems are related to sanctions on shipping, insurance companies and banks.
