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UAE to pursue aggressive timeline on trade talks with eight countries: Trade minister UAE to pursue aggressive timeline on trade talks with eight countries: Trade minister
The United Arab Emirates will pursue an aggressive timetable to negotiate broad economic agreements with eight countries it wants to deepen trade ties with, hoping it can wrap up some of those talks ...
Economy 14 September ,2021
Bahrain’s economy expected to grow by 3.1 percent in 2021, 2022 Bahrain’s economy expected to grow by 3.1 percent in 2021, 2022
Bahrain’s economy is expected to grow 3.1 percent this year and next, recovering from last year’s downturn.Gross domestic product contracted 2.1 percent during the first quarter, according to the ...
Economy 04 July ,2021
Sudan crosses last hurdle towards debt relief, reaches IMF HIPC point: Official Sudan crosses last hurdle towards debt relief, reaches IMF HIPC point: Official
The International Monetary Fund's executive board has decided that Sudan has reached the decision point for the Highly Indebted Poor Countries (HIPC) initiative, a Sudanese finance ministry official ...
Economy 29 June ,2021
UAE budget balance improves as economy rebounds from COVID-19 pandemic UAE budget balance improves as economy rebounds from COVID-19 pandemic
The United Arab Emirates budget balance improved in the first half of the year as the economy began recovering from the COVID-19 pandemic, the state news agency WAM reported, citing a ministerial ...
Economy 27 June ,2021
Indian states need greater financial aid from federal government: S&P report Indian states need greater financial aid from federal government: S&P report
Indian states’ weaknesses outweigh their strengths as they battle the pandemic and they need financial support from the federal government, which is already dealing with drastically reduced revenue, ...
Economy 26 June ,2021
IMF says board discussed $650 bln expansion of reserves IMF says board discussed $650 bln expansion of reserves
The International Monetary Fund’s executive board on Friday discussed a proposed $650 billion expansion of its emergency reserves, marking the next step in a process expected to be completed in August ...
Business 26 June ,2021
IMF board approves final Egypt $1.7 billion loan disbursal IMF board approves final Egypt $1.7 billion loan disbursal
The IMF executive board on Wednesday said it had approved Egypt’s request for a $1.7 billion loan, its final disbursement under a plan aiding its recovery from the COVID-19 crisis.“The Egyptian ...
Economy 24 June ,2021
IMF secures sufficient pledges to provide comprehensive debt relief to Sudan IMF secures sufficient pledges to provide comprehensive debt relief to Sudan
The International Monetary Fund (IMF) said on Tuesday it has secured sufficient financing pledges to allow it to provide comprehensive debt relief to Sudan, clearing a final hurdle towards wider ...
Economy 23 June ,2021
Dubai says $500 mln bond repayment reflects fiscal stability despite COVID downturn Dubai says $500 mln bond repayment reflects fiscal stability despite COVID downturn
Dubai repaid $500 million in bonds due on Tuesday in what the government said was a sign of fiscal stability despite the coronavirus-driven economic downturn.A bond repayment is generally a normal ...
Economy 22 June ,2021
Qatar expects to see $20 bln bump to economy from 2022 World Cup Qatar expects to see $20 bln bump to economy from 2022 World Cup
Tokyo’s 2020 Olympics may be a financial flop, but Qatar, host to one of the next big global sporting events since the start of the pandemic, expects its tournament late next year to provide an ...
Sports 20 June ,2021
Egypt’s central bank keeps key interest rates unchanged Egypt’s central bank keeps key interest rates unchanged
Egypt’s central bank kept its key interest rates unchanged during its monetary policy committee (MPC) meeting on Thursday, the bank said in a statement.The committee kept the overnight lending rate at ...
Banking & Finance 17 June ,2021
Egypt’s central bank forecast to leave interest rates on hold: Reuters poll Egypt’s central bank forecast to leave interest rates on hold: Reuters poll
Egypt’s central bank will likely leave its overnight interest rates steady at a meeting on Thursday, a Reuters poll showed, as increased commodity prices and domestic inflation counteract any pressure ...
Banking & Finance 14 June ,2021
Kuwait's economy contracted by 9.9 percent in 2020 amid sharp drop in oil prices Kuwait's economy contracted by 9.9 percent in 2020 amid sharp drop in oil prices
Kuwait's gross domestic product contracted 9.9 percent in 2020, compared with growth of 0.4 percent in 2019, mainly because of last year's sharp drop in oil prices, state news agency KUNA reported on ...
Economy 13 June ,2021
Turkey’s economy expected to grow but prone to shocks amid reserve losses: IMF Turkey’s economy expected to grow but prone to shocks amid reserve losses: IMF
The International Monetary Fund forecast strong growth for Turkey this year, while saying risks have increased after reserves declined from previously low levels.Gross domestic product in Turkey is ...
Economy 12 June ,2021
Pakistan sets ambitious growth target of 4.5 pct with $54 billion budget Pakistan sets ambitious growth target of 4.5 pct with $54 billion budget
Pakistan announced a budget on Friday of 8.4 trillion rupees ($54 billion) for the next fiscal year, basing it on an ambitious growth target of 4.5 percent and tripling spending on public sector ...
Economy 11 June ,2021
Egypt’s urban consumer inflation increases to 4.8 pct in May Egypt’s urban consumer inflation increases to 4.8 pct in May
Egypt’s annual urban consumer inflation accelerated to 4.8 percent in May from 4.1 percent the previous month, official statistics agency CAPMAS said on Thursday, led by increases in food prices.Month ...
Economy 10 June ,2021
Kim Jong Un plans to stabilize N. Korean economy: State media Kim Jong Un plans to stabilize N. Korean economy: State media
North Korean leader Kim Jong Un presented economic plans to senior ruling party officials before an upcoming meeting to review efforts to overcome hardships brought about by the pandemic, state media ...
Economy 08 June ,2021
Consumer confidence declines to record low in India: RBI survey  Consumer confidence declines to record low in India: RBI survey 
Indian consumers’ confidence is plumbing new lows, adding to a string of grim data in an economy clobbered by the world’s worst coronavirus outbreak.The current situation index fell to a record 48.5 ...
Economy 05 June ,2021
G7 finance ministers meet in London to broker global tax deal G7 finance ministers meet in London to broker global tax deal
Finance ministers from the G7 group of rich nations will meet in London on Friday for two days of talks aimed at moving closer to a global deal to raise more tax from the likes of Google, Facebook and ...
Economy 04 June ,2021