Stocks moved sideways on Monday after notching four straight positive sessions last week as Trump adopted a more conciliatory posture...
Beirut, Lebanon -- Lebanon's parliament on Thursday approved amendments to banking secrecy legislation, a key reform demanded by the International...
Even before the roasting summer months, the soil is dry and dusty in the small Mediterranean country, whose water resources...At a time when the global cereals market has been disrupted by Ukraine war, Tunisia's domestic grain production has also withered under a lack of rainfall that has killed off crops
UTAP has called on the government to urgently announce a drought and state of water "emergency" and has demanded a "clear strategy" to boost Tunisia's water reserves
It has sold more than US$7bn of its shares since early 2023.The Japanese investment titan, an early investor in the Chinese internet giant founded by Jack Ma, started offloading its shares last year
Alibaba like other leading Chinese tech firms has been badly impacted by a regulatory crackdown on the industry starting in 2020
Washington, United States--World Bank member countries have endorsed measures allowing a $50 billion lending boost over the next decade, its outgoing...US Treasury Secretary Janet Yellen exhorted World Bank to continue taking on added reform measures this year
Outgoing World Bank president David Malpass said discussions with shareholders this week have "yielded signs of progress"
- Cairo's foreign reserves fell by about 20 percent in one year to $34.45 billion -- about $28 billion of which...
Sisi has been courting Gulf leaders as Egypt grapples with economic turmoil that has seen inflation shoot up to nearly 34% and the local currency halve in value
Egypt was hit hard by the impact of Russia's invasion of Ukraine last year, having heavily relied in wheat imports and revenues from tourism from both countries
Under investigation both at home and abroad on suspicion of fraud, money laundering and illicit enrichment, Riad Salameh has been...Speaking to the media, the first judicial official said that Judge Ghada Aoun will lift the travel ban on Riad Salameh tomorrow
Lebanon is also investigating Salameh on suspicion of financial misconduct including possible embezzlement, money laundering and tax evasion
- Jump in sales across all regions, including China.
LVMH became Europe's most valuable company in January when its market capitalization soared to US$440 billion.
The United States had a steady performance while "Asia experienced a significant rebound following the lifting of health restrictions".
- The global economic slowdown and swelling interest rates are pummeling debt-ridden developing countries, the UN warned, urging bold global action...
Rate increases in the US and other wealthy countries may cost developing countries over US$800 billion in lost income by 2025.
UNCTAD said it now expected global GDP growth of 2.1 percent in 2023, down from 2.2 percent it forecast in September last year.
US consumer inflation slowed in March lessening the pressure on the Federal Reserve to maintain its aggressive posture to cool...Bureau of Labor Statistics report is the latest evidence that the Fed's streak of interest rate hikes over the last year is weighing on economic activity.
While US labor market data has remained solid, recent reports on manufacturing and the services sector have shown signs of slowing.
- Multi-day weddings, feeding the bereaved and homemade bread are all becoming things of the past in rural Egypt.
In a year, the Egyptian pound has lost nearly half of its value, pushing consumer prices to more than double in the import-dependent country.
Weddings in Nubian villages -- renowned for their long extravagant parties -- are no longer three-day, nine-meal affairs to which the entire town is invited.
Global government debt is on track to reach levels not seen since the height of the COVID-19 pandemic, the International...In the US, government debt as a percentage of economic output is expected to surpass its pandemic-era peak by 2027.
China's debt burden is forecast to be almost double its pre-pandemic levels by 2028, the IMF said.
