World Economy

With the FIFA World Cup over and French victory secured, people can go back to discussing the mundane topics of weather and other worldly affairs. For the Lebanese, this means a return to…

Algeria’s trade deficit declined by 83.6% to $490 million during the first quarter of 2018, compared to $2.98 billion a year ago, said Customs’ National Center for Data and Statistics on Sunday…

Saudi Arabia is ramping up efforts to lure international companies and revive Crown Prince Mohammed bin Salman’s plans for an economic makeover, after foreign investment fell to a 14-year-low in…

Germany has lifted economic sanctions on Turkey and relaxed its travel advice to the country, German officials said, after Ankara ended its two-year state of emergency, Aljazeera reported.

International Finance Corporation, a member of the World Bank Group, is committed to fund the Egyptian private sector with $2 billion by 2019, a value that can be increased for entrepreneurship…

In Dubai’s posh Jumeirah Beach residence district, luxury apartment rents are down about 15% from a year ago—a sign, some fear, that the wealthy emirate’s recipe for economic success is getting…

South Korea’s major business lobby said Sunday it will file an official complaint against the government’s decision on next year’s minimum wage hike, expressing concerns over its adverse impact…

Australia is facing an economic shock akin the global financial crisis, an expert has warned. Some $500 billion worth of interest-only mortgages expire in the next four years, raising fears that…

The International Monetary Fund warned world economic leaders on Saturday that a recent wave of trade tariffs would significantly harm global growth, a day after US President Donald Trump…

England’s Farnborough airshow this week saw deals worth $192 billion, a jump of more than 50% compared to 2016, in a sign of “confidence in global trade”, organizers said Saturday.

The…

The 10 major economies of Asia, including India, are expected to see robust growth and amount to over $28 trillion in real GDP terms on aggregate, more than the US by 2030, says a Development…

As US President Donald Trump forges ahead with his trade wars, Turkish businesspeople are working on a new strategy to boost sales to the United States. The plan involves the creation of a…

State-actors were likely behind Singapore’s biggest ever cyberattack to date, security experts say, citing the scale and sophistication of the hack.

Big companies in the United States from Amazon.com Inc to Toyota Motor Corp and Alcoa Corp are working to counter the effect of the Trump administration’s trade policies and to head off new…

US President Donald Trump’s tariffs will lead to a drop in prosperity in Germany this year and are likely to cost Germans up to €20 billion ($23.44 billion), the head of German think-tank IMK…

Argentina is “unequivocally” making progress on its goals to cut its fiscal deficit as part of a $50 billion International Monetary Fund program, Fund Managing Director Christine Lagarde said on…

Japan’s inflation picked up slightly in June, largely because of higher energy costs. There was little to suggest price gains will accelerate toward the 2% target anytime soon, Bloomberg…

South Africa’s central bank warned of upside risks to inflation as it held the key interest rate at a two-year low.

The Monetary Policy Committee unanimously decided to keep the…

Qatar affirmed its ability to overcome the challenges of the blockade and to continue the development process towards achieving the goals of the global sustainable development agenda 2030.

The rich are getting richer and the poor are getting poorer in the United States.

Standard & Poor’s said in a statement on Friday that it has affirmed Russia’s foreign currency long- and short-term sovereign credit rating up to ‘BBB-/A-3’ from ‘BB+’ with a stable outlook…

From rising crude oil prices to a poor start to rice-planting season, inflationary pressures in India are pushing the central bank to consider further action to prevent a runaway increase in…

The currency war has arrived. So say some of the best and brightest in the $5.1 trillion-per-day foreign-exchange market.

US President Donald Trump on Friday accused China and the…

Mario Draghi will squeeze in one interest rate increase before his term as European Central Bank president ends next year, according to a Bloomberg survey of economists.

Morocco’s Economy Minister Mohamed Boussaid announced in Rabat that economy output growth forecasts were revised upwards from 3.2 to 3.6% for 2018 due to the good performance of non-agricultural…