World Economy

Dubai Airport Free Zone Authority said it has witnessed an impressive 23% increase in the number of Indian companies operating within its premises last year, TradeArabia reported. Official…

Africa’s biggest economies have been hammered by the collapse in commodity prices over the past 18 months but there are still investment bright spots to be found.

In cities such as Lagos,…

Eurogroup chairman Jeroen Dijsselbloem rejected calls for banking union regulations to be loosened after weeks of falling bank shares, saying new European bail-in rules had caused investors to…

At a time when global economies are facing turmoil, India is poised to evolve into an even more attractive and stable destination for investors on account of favorable macroeconomic conditions,…

Egypt’s central bank has injected over $14 billion into local banks over the past three months to facilitate import activity and curb inflation on essential goods, AfricaNews reported.

South Africa’s economy is the government’s main priority due to the current global economic climate, President Jacob Zuma said on Saturday.

“The global economic climate is far from…

More than four-fifths of Russians believe their country is currently in a state of economic crisis, according to a poll by the independent Levada Center, a Russian non-governmental research…

Dubai stocks led a rally across Persian Gulf Arab equity markets after oil jumped the most in seven years, Bloomberg reported. The Dubai Financial Market General Index rose for the first time in…

South Korea should brace for a “new China” as the world’s second-largest economy is entering a crucial stage in its transition into a new growth model, according to analysts.

Europe is full of breakaway sentiment. French and Spanish voters are fed up with the old elites. Border checks are cropping up across the eastern and northern parts of Schengen. The Italians are…

Middle East’s smaller banks, by asset size, were in general impacted more by a surge in provisions for bad loans with a few exceptions, according to the full-year bank results.

Japan is gearing up for the 2020 Tokyo Summer Olympics with gusto, investing in everything from stadiums to electric cars, and expecting an economic bonanza from a construction frenzy and an…

As long as the European Union ignores legitimate Russian interests, business in Russia and the Eurasian Economic Union will be done by other partners, said Prime Minister Dmitry Medvedev.

Investors will look next week for a whiff of confirmation from Mario Draghi that they weren’t wrong to push bond yields to record lows in anticipation of fresh stimulus from the European…

Italy’s economy expanded in the fourth quarter below economists’ expectations and at the slowest pace in a year, prompting concerns that the recovery from the country’s longest recession since…

Germany’s biggest lender has announced plans to repurchase a major chunk of its debt in an effort to boost investor confidence, after rumors about the bank’s health sent its shares on a roller-…

China’s central bank governor said there was no basis for continued depreciation of the yuan as the balance of payments is good, capital outflows are normal and the exchange rate is basically…

Brazilian President Dilma Rousseff issued a decree late on Friday cutting the federal government’s discretionary spending limit for the January-to-March period by a third as her government…

British pound bulls hoping for a sustained recovery in the currency may be disappointed as next week brings a combination of domestic data and a European Union summit that may confirm the timing…

The United States and Cuba will sign an agreement next week to resume commercial air traffic for the first time in five decades, starting the clock on dozens of new flights operating daily by next…

Mexico’s peso clawed back gains from a record low on Friday after brutal losses during the week as a rebound in oil prices and global stocks lifted battered Latin American currencies, Reuters…

Moody’s Investors Service expects the Cyprus economy to grow 1.5% in 2016 after growing 1.4% in 2015 ,with the government posting a fiscal deficit of 0.5% of economic output in 2016 and a 0.1%…

Banking details stolen from more than a million people worldwide can be bought from a website on the open internet, rather than on the “dark web”, for as little as £1.67 ($2.42). Criminals are…

India’s factory output declined again in December by minus 1.3% but was somewhat better than the minus 3.42% dip registered in the month before, official data showed. There was a growth of 3.6% in…

For the better part of a decade, central banks have been making only limited headway in curbing powerful global deflationary forces. Since 2008, the US Federal Reserve has maintained zero interest…