London, United Kingdom -- Why do investors flock to gold when economic times turn tough? As the precious metal reaches...
US President Donald Trump's punishing tariffs on dozens of economies came in force Wednesday, including over 100 percent in levies...
Central bankers, finance ministers and participants from more than 180 member countries are expected to gather in the US capital...In March, the World Bank submitted an evolution plan to be discussed with its development committee on April 12, during the spring meetings.
As global growth slows, the World Bank previously warned that the outlook is especially tough for the poorest economies -- which face sluggish growth driven by heavy debt burdens.
Doha, Qatar-- Qatar Central Bank has reported an increase in international reserves and foreign currency liquidity in March to $65...At the end of March 2023, balances in foreign banks increased by about $3.29 billion to reach $7.41 billion
Qatar's shares of SDR deposits at the IMF decreased by the end of March 2023 with a value of $38 million
Washington, United States - US Treasury Secretary Janet Yellen expects the world's biggest economy will continue to grow, despite heightened...Yellen said she is committed to ensuring that all deposits are safe and monitoring banking system conditions
After SVB's collapse, US authorities set out plans to ensure its customers would be able to access their deposits
Riyadh, Saudi Arabia--Four cities in Saudi Arabia were placed in the IMD Smart City Index for 2023. According to the...The holy city of Makkah found its way in the index for the first time this year, achieving the 4th rank in the Arab world
In the global pecking order of cities, Riyadh was ranked 30th, Makkah 52nd, Jeddah 56th, and Madinah ranked 85th in the world
- Ajman, UAE – The industrial sector contributes approximately 20 percent to Ajman's GDP and is one of the sectors that...
This was revealed at a session in Ajman conducted in partnership with the UAE Ministry of Industry and Advanced Technology
The session discussed the launch of the "Make in the UAE" initiative such as the Industrial Technology Transformation programme and others
"In Sharjah, we are working hard to bring more balance and harmony to our relationship with the land" she adds,...Sustainability and entrepreneurship is crucial in building a resilient and regenerative world, says Sheikha Bodour Al Qasimi, President of American University of Sharjah
The awareness and commitment to be mindful of our impact on the planet should extend far beyond COP28, she adds while speaking at the Sharjah Ramadan Majlis 2023
- Dubai, UAE -- The Saudi Fund for Development (SFD) has signed a US$240 million loan agreement to support Pakistan's Mohmand...
The project is co-financed by the Saudi Fund for Development, OPEC, Islamic Development Bank, and the Kuwait Fund for Arab Economic Development.
By using renewable energy sources, the project will generate 800 MW of electricity production capacity.
US job gains eased in March for a second straight month, government data showed, adding to signs that the economy...The figures could bring some relief to policymakers who have been battling to rein in stubborn inflation.
To ease demand, the Federal Reserve has lifted the benchmark lending rate nine times since early last year.
World food prices are still high but have fallen by a fifth compared to a year ago when prices soared...FAO said the fall in benchmark prices was "driven by declines in world quotations for cereals and vegetable oils."
The UN agency added that food remained expensive for developing countries highly dependent on imports.
- Dubai, UAE -- A total of 557,000 small and medium enterprises (SMEs) were operating in the UAE at the end...
Minister of Economy Abdullah bin Touq Al Marri said the number was in line with UAE’s ambitious plan to achieving 1 million SMEs by the end of 2030.
The UAE banks provided AED 83.3 billion ($23 billion) in financial facilities to small and medium-sized enterprises in 2022.
