Premier Li Qiang formally announced the growth objective, alongside the overall budget and key government policies for 2024, at China's...
On a monthly basis, inflation rose 4.5 percent in February, slower than the 6.7 percent rise logged in January. Erdogan...
Local traders say that the number of foreign shoppers has risen four to fivefold. Turkey's lira has crashed after Erdogan...Some of Europe's poorest countries -- go to stock up on everything from underwear to walnuts at a fraction of their cost back home
Erdogan is betting that a cheap lira will create exports-driven growth that puts Turkey on a path followed by China during an economic transformation
The OECD rules will ensure that multinational corporations pay a minimum 15% tax rate from 2023.The OECD rules will ensure that multinational corporations pay a minimum 15% tax rate from 2023
The Pillar Two model rules provide governments a template to address the tax challenges arising from digitalisation of the economy
The $2.2-trillion Islamic finance industry is set to take off in a big way across the world as it recovers...The EU is believed to be home to close to 28 million Muslims, who may hold close to $1,247 billion in wealth
The Islamic finance industry has failed to make any impact in Germany and France with relatively large Muslims populations
China Mobile is set to raise $7.64 billion in share listing.The 48.7 billion yuan initial public offering would be one of the largest on China's domestic stock markets for a decade
China's largest wireless carrier by revenue was removed from the New York Stock Exchange this year along with fellow state-owned telecoms firms China Telecom and China Unicom
- The main reason for high inflation rates in the GCC countries is a rebound in prices in the sectors that...
Food and beverages in Kuwait accounted for a whopping increase in prices, while education costs decreased 15.46 percent
Saudi Arabia’s annual inflation increase is due to a 6.4 percent growth in transportation costs and a 1.4 percent rise in food and beverage prices
Turkey's troubled lira on Monday pared back some of its historic losses after President Recep Tayyip Erdogan announced new currency...Erdogan announced a complex series of measures Monday aimed at boosting the lira
The lira reversed a 10 percent loss Monday into a 10 percent gain after Erdogan's announcement
- The most common way to quantify the economic health of a country is by calculating its gross domestic product (GDP).
GDP is the total market value of all the goods and services produced within a country in a specific time period
It is usually calculated on an annual basis, with the time period corresponding to the fiscal year rather than the calendar year
The high-powered meeting scheduled for January 17-21, which usually draws leading figures from business, politics and diplomacy, will instead be...Swiss authorities have recently stepped up health restrictions sharply to control a fifth coronavirus wave.
Forum chief Klaus Schwab promised "continued digital convening of leaders from business, government and civil society".
Dubai airport, one of the world's busiest travel hubs, is fully operational for the first time since the coronavirus pandemic...Travel via Dubai increases at the end the year, with foreigners -- who make up the majority of the emirate's population -- heading home for the holidays.
Since the pandemic began, the UAE has registered over 744,400 cases, including 2,152 deaths.
- Lebanon is in the throes of an economic meltdown that has been called by the World Bank as among the...
The UN stands in solidarity with the people of Lebanon, Guterres said at a press conference with Lebanese President Michel Aoun
However, he added that Lebanese political leaders ‘do not have the right to be divided and paralyze the country’
