World Economy

Saudi Arabia's two largest listed banks were the main drag on the index in early trade on Sunday on news that US insurers have filed a lawsuit against the lenders over the Sept. 11, 2001 attacks,…

As finance ministers and central bankers from 189 countries converge on Washington this week for the International Monetary Fund’s semiannual meetings, the group faces a wave of anti-globalism…

Cash and ATM management companies in India will soon be allowed to attract 100% foreign direct investment as they are not required to comply with the Private Security Agencies (Regulation) Act.

China has again hiked its investment in the China Pakistan Economic Corridor to $62 billion from $55 billion, media reports suggested.

Peru’s copper production rose by 5.42% in February from the same month a year earlier, the slowest growth rate in two years as the Andean country wrestles with infrastructure damage caused by…

Adoption of digital financial solutions could revolutionize financial inclusion that could turbo-charge growth in emerging economies, adding up to 6% or $3.7 trillion to GDP by 2025, benefiting…

Muted private sector credit growth is expected to remain a big challenge for banking sector profitability. Credit growth in the UAE strengthened to 0.5% month on month in February, the fastest…

Qatar is “well-positioned” to manage the impact that lower oil prices have had on its revenue, the International Monetary Fund has said. The country has taken the necessary first steps to handle…

Following the decline in the consumer price index in Nigeria for two consecutive months, analysts are predicting further downward movement in the coming months. But they are cautious in their…

Hong Kong’s new public annuity scheme could be expanded if it proved to be popular, Financial Secretary Paul Chan Mo-po said, billing the HK$10 billion ($1.29 billion) plan as the choice for…

Possible protectionism in advanced economies should not deter export-oriented growth in South Asia, a region that could even benefit from the backlash against globalization, a new World Bank…

In an apparent shift, Tokyo plans to push forward talks for activating the Trans-Pacific Partnership agreement without the United States, which withdrew from the multination trade pact in January…

The French economy has been described as the ‘sick man of Europe’ for its painfully slow recovery since the financial crisis. While GDP growth has picked up over the past two years, the economy…

Capital Economics said the Bangko Sentral ng Pilipinas is set to keep interest rates steady amid robust domestic demand and the stable inflation environment.

In its latest Emerging Asia…

Growth in Americans’ wages has been leveling off lately, contrary to expectations that a steadily falling jobless rate will quickly lead to a sustained acceleration. Blame it on dismal…

The International Monetary Fund is piling pressure on Kenya to remove interest rate controls maintaining they are harming the economy.

The board, which completed a review of Kenya’s…

Finally, good news from the eurozone. Unemployment rates fell to 9.5% in February 2017. According to Eurostat, this is the lowest rate since May 2009. The 19 countries that have adopted the common…

As part of its draft stability program update, published this week, the Department of Finance included a “sensitivity analysis” to model the effect of changes in world output and interest rates on…

Oman’s Foreign Capital Investment Law, an important statute that provides assurance to foreign investors that their capital in the sultanate is safe and secure, is being revamped to bring it into…

They call it the Maduro diet. Many people in Venezuela cannot get access to food and are suffering from malnutrition on a widespread level. Over the past year, 74% of Venezuelans lost an average…

Germany’s finance minister has said taxpayers in the country can expect a slight decrease of their tax burden after the fall general election. But he’s not willing to agree to fresh borrowing to…

The European Union and Canada secured clearance on Wednesday for their contentious free-trade deal and the removal of import duties that supporters say will boost growth and jobs on both sides of…

Senegal will issue a Eurobond this month in order to finance a series of infrastructure and power production projects that it hopes will push economic growth above 7% from next year, Finance…

Ukraine could miss out on energy sector funding from China worth up to $3.65 billion because squabbles between ministries and the state-run energy firm Naftogaz have held up project proposals,…

India added $10.44 billion to its merchandise trade deficit in March, taking the annual trade deficit for April-March 2016-17 to an estimated $105.72 billion, which, however, is 10.95% lower…