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UAE central bank extends stimulus measures to mid-2022 to drive economic recovery  UAE central bank extends stimulus measures to mid-2022 to drive economic recovery 
The United Arab Emirates central bank said on Tuesday it has extended until mid-2022 some stimulus measures introduced last year to mitigate the impact of the coronavirus crisis on the economy.The ...
Economy 1 days ago
UK economy set to return to pre-pandemic level by year’s-end: BoE UK economy set to return to pre-pandemic level by year’s-end: BoE
Britain’s economic activity will return to its pre-coronavirus level at the end of this year following the country’s vaccine rollout, Bank of England governor Andrew Bailey forecast on Monday.The ...
Economy 15 March ,2021
S.Africa’s economy hit new low in 2020 due to COVID-19 pandemic: Data S.Africa’s economy hit new low in 2020 due to COVID-19 pandemic: Data
South Africa’s economy recorded its first annual contraction in 12 years in 2020 due to the pandemic but it extended its rebound in the last quarter, official data showed Tuesday.The country’s gross ...
Coronavirus 09 March ,2021
Bahrain expects $3.2 bln deficit in 2021, 5 percent economic growth Bahrain expects $3.2 bln deficit in 2021, 5 percent economic growth
Bahrain expects to post a deficit of 1.2 billion dinars ($3.20 billion) in 2021, state news agency BNA said, citing the finance ministry.The oil-producing Gulf state projected a budget of 3.6 billion ...
Economy 03 March ,2021
G20 economies agree to boost IMF funding: IMF head G20 economies agree to boost IMF funding: IMF head
G20 major economies have agreed to raise International Monetary Fund reserves with a new allocation of the fund’s own special drawing rights (SDRs) currency, the IMF’s head said on Tuesday, in a ...
Economy 02 March ,2021
Germany’s exports to UK down by 30 pct; demand hurt by pandemic, Brexit Germany’s exports to UK down by 30 pct; demand hurt by pandemic, Brexit
Germany exported 30 percent less goods to Britain in January compared to a year ago, official estimates showed Tuesday, with demand hurt both by Brexit and the coronavirus pandemic.Federal statistics ...
Economy 02 March ,2021
IMF urges Tunisia to cut wage bill, limit energy subsidies to reduce a fiscal deficit IMF urges Tunisia to cut wage bill, limit energy subsidies to reduce a fiscal deficit
The International Monetary Fund urged Tunisia on Friday to cut its wage bill and limit energy subsidies to reduce a fiscal deficit, putting more pressure on the fragile government amid a severe ...
Economy 27 February ,2021
Turkish lira tumbles, erases this years’ gains as US bond yields spike Turkish lira tumbles, erases this years’ gains as US bond yields spike
Turkey’s lira tumbled as much as some 3.5 percent on Thursday, giving up all of this year’s gains as US bond yields continued to rise. The currency stood at 7.3650 against the dollar at ...
Economy 26 February ,2021
Turkish lira hits weakest level in three weeks Turkish lira hits weakest level in three weeks
The Turkish lira hit its weakest level against the dollar in nearly three weeks on Wednesday, remaining under pressure after the government defended a former finance minister’s policies.Amid the ...
Economy 24 February ,2021
US Fed likely to continue low interest policy amid uneven economic recovery: Powell US Fed likely to continue low interest policy amid uneven economic recovery: Powell
Federal Reserve Chair Jerome Powell underscored the US economy’s ongoing weakness Tuesday in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon ...
Economy 23 February ,2021
Egypt’s sovereign fund looks at franchisers as it markets Wataniya petrol stations Egypt’s sovereign fund looks at franchisers as it markets Wataniya petrol stations
Egypt’s sovereign wealth fund is widening its net as it looks for potential buyers of the military’s fueling station chain Wataniya Petroleum Co. by adding franchisers to the list of candidates, its ...
Economy 22 February ,2021
Turkey’s Erdogan defends policy on reserves under former minister Albayrak Turkey’s Erdogan defends policy on reserves under former minister Albayrak
President Tayyip Erdogan on Monday defended a policy that oversaw a steep drop in FX reserves under former finance minister Berat Albayrak, his son-in-law, saying it helped Turkey to ride out pandemic ...
Economy 22 February ,2021
Syrian pound sinks to record low with 3,450 against dollar Syrian pound sinks to record low with 3,450 against dollar
The Syrian pound sank to a new record low on Sunday with a scramble for dollars in a country hit by sanctions and facing a severe foreign currency crunch, dealers and bankers said.Traders said it cost ...
Economy 22 February ,2021
Saudi Central Bank SAMA launches instant 24/7 payment system ‘sarie’ Saudi Central Bank SAMA launches instant 24/7 payment system ‘sarie’
The Saudi Central Bank (SAMA) has launched a new instant payment system dubbed “sarie” to promote the Kingdom’s national payments’ ecosystem and enhance its infrastructure.Commenting on the launch, ...
Economy 21 February ,2021
Major Gulf markets rise in early trade Major Gulf markets rise in early trade
Major stock markets in the Gulf rose early on Sunday, lifted by gains in their banking shares, with the Saudi index leading the way.For the latest headlines, follow our Google News channel online or ...
Economy 21 February ,2021
US Treasury Secretary Janet Yellen holds call with Saudi Finance Minister US Treasury Secretary Janet Yellen holds call with Saudi Finance Minister
US Treasury Secretary Janet Yellen and Saudi Finance Minister Mohammed al-Jadaan discussed the coronavirus pandemic and other issues during a call on Wednesday, the US Treasury Department said.Yellen ...
Economy 18 February ,2021
Spain in talks with Gulf sovereign funds on investing in EU recovery projects: FM Spain in talks with Gulf sovereign funds on investing in EU recovery projects: FM
Spain is in talks with sovereign wealth funds from several Gulf countries on them co-investing in projects financed by European aid in order to leverage the initial investment, Spanish Foreign ...
Economy 17 February ,2021
China overtakes US as European Union’s biggest trading partner China overtakes US as European Union’s biggest trading partner
China last year overtook the United States as the EU’s biggest trading partner, the EU statistics agency Eurostat said on Monday.Britain meanwhile, which is no longer part of the European Union, was ...
Economy 15 February ,2021
Dubai's Emaar Malls' profit falls by two-thirds during COVID-19 pandemic Dubai's Emaar Malls' profit falls by two-thirds during COVID-19 pandemic
Dubai’s Emaar Malls’ net profit for 2020 was less than one third of what it was in 2019, according to preliminary results posted to the Dubai Financial Market on Sunday.For the latest headlines, ...
Economy 14 February ,2021