World Economy

Sales prices in some parts of Dubai have slumped by up to AED25,000 ($6,800) over the past year, according to a new report by Core, the UAE associate of real estate firm Savills, Arabian Business…

The Islamic Development Bank has given its initial agreement to provide $3 billion in easy loans and grants to cash-strapped Iraq after a similar measure was announced by the International…

Egypt’s economy grew 4.5% in first half of 2015/2016 fiscal year, down from 5.5% growth in the previous year, the country’s planning minister said on Saturday, Reuters reported. Total GDP for…

Singapore’s industrial production last month posted its fastest growth in nearly two years, with the month-on-month output exceeding forecast, AsiaFirst reported. Data released by the Singapore…

Denmark’s Finance Minister Claus Hjort Frederiksen said he was concerned about the consequences for the Danish economy if Britons vote to leave the 28-strong bloc on June 23.

He added…

Earlier this week, Spanish newspaper El Pais reported that Portugal’s largest bank, Caixa Geral de Depositos, an institution that holds nearly a third of all deposits in the country, is on the…

More than 140 investors applied for purchasing new Russian Eurobonds, 55% of them banks, the Russian Finance Ministry said.

Switzerland will implement a new law in July to help seize and repatriate illicit wealth parked in its banks by foreign dictators, the government said.

The move is aimed at helping…

The US Commerce Department has revised up first-quarter GDP growth for the world’s largest economy. But despite the improvement on the first estimate last month, output slowed in the January-March…

The European Commission and China may be near a deal to avoid a dispute at the World Trade Organization and a wider trade war, diplomats say, but must convince EU lawmakers angry over record…

Japan’s government is planning to present a second supplementary budget of between $45.3 billion and $90.7 billion for this fiscal year, an official said on Saturday.

The…

The International Monetary Fund has approved a new, two-year $88 billion flexible line of credit to Mexico to bolster it against uncertainty in the global economy.

Mexico can draw on the…

The ratio of South Korea’s household debt borrowed by local banks dipped to the lowest-ever level as stricter screening regulations prompted more people to take out loans from nonbanking lenders,…

Eight automakers said on Friday they are recalling more than 12 million US vehicles for defective Takata airbags, expanding the largest-ever auto safety push, documents posted by US regulators…

World’s annual damage from cybercrime is estimated at $3 trillion, Ambassador at Large at the Russian Foreign Ministry Andrey Krutskikh, the Russian president’s special representative for…

The dollar index rose on Friday, on track for its strongest monthly performance since last November, before US Federal Reserve Chair Janet Yellen is due to speak and as investors anticipate rate…

Business investment in Britain fell in annual terms between January and March, Euronews reported. It was the first such decline in three years and comes amid uncertainty around the…

It’ll be “the world’s biggest eye on the sky.” The European Southern Observatory has awarded a €400 million contract to build the European Extremely Large Telescope—the largest ever in ground-…

Investors from the US and EU are actively discussing participation in privatization of Russian state assets and are ready to take geopolitical risks, a source in investment and banking circles…

The economic growth in Hungary has returned. Furthermore, the fluctuations have considerably declined as external and public debt has reduced. However, political risks continue to be high, while…

Poland is feeling the economic impact of the debate with the European Commission over the rule of law, with 20% of investors holding back because of the issue.

Factors such as delinquencies from the long-struggling oil sector and emerging evidence of weakness in overheated housing markets are placing the Canadian economy at a significant risk of a major…

Goldman Sachs Group Inc. has warned that the global iron ore market faces a rising surplus as miners are poised to churn out more supply while China’s production of steel slows, predicting that…

Investigators are examining possible computer breaches at as many as 12 banks linked to SWIFT’s global payments network that have irregularities similar to those in the theft of $81 million from…

Gold slipped to its lowest in eight weeks on Friday, and was on track for its biggest weekly decline in nine, as expectations of a US interest rate hike in two months on positive economic data…