World Economy

Chief Executive Officer at Kuwait Finance House (KFH), Mazin Saad Al-Nahedh and Turkish Minister of Finance, Mehmet Simsek held a meeting on the sideline of the Turkish-Arab Economic Forum,…

Forbes Middle East has once again opened up a world of wealth, revealing a top 100 lineup of the richest Arabs on the planet.

Despite plunging oil prices, the world’s top 100 Arab tycoons…

German industrial orders unexpectedly dropped in February, partly because companies got fewer major contracts, after bookings already plunged in January.

Today’s figures suggest that…

Asian stocks were higher across the board on Wednesday, with Tokyo, Seoul and mainland markets hitting fresh highs, after the Bank of Japan (BoJ) kept its massive monetary stimulus…

Belgian companies continue expanding their businesses in Russia despite the sanctions imposed by the West against Moscow over its alleged involvement in the Ukrainian…

Provincial governments should make their own decisions about putting a price on carbon pollution and not wait for the federal government to act, says a new report by Canada's Ecofiscal Commission…

Gold hovered above $1,200 an ounce on Wednesday, trading not far below a seven-week high, as expectations that the Federal Reserve could delay an anticipated rate hike this year grows.

The…

For many families overseas, the money sent by expatriates in the UAE and other countries worldwide have been the lifeline that helps them get by and pay for food, clothing and shelter.

The…

The governor of the Bank of Tanzania (BoT), Prof Benno Ndulu, said the country’s current proven gas reserves stood at 55 trillion cubic feet (tcf), while construction of a liquefied natural gas (…

The Islamic finance system faces several key challenges if it is to unlock its huge potential and develop safely, the International Monetary Fund (IMF) said.

Islamic finance – the provision…

 Since the aftermath of the global financial crisis, America’s overseas economic power has increasingly waned. Lower gross domestic product (GDP), expensive decade plus wars, higher unfunded…

As the Russian economy shrinks due to sanctions and falling oil revenue, the country is seeking to strengthen its trade ties with the UAE and other Persian Gulf countries.

The …

Canada’s government is selling its final stake in General Motors Co., worth about $2.7 billion, as Prime Minister Stephen Harper seeks new funding to meet pre-election promises amid an oil rout.…

European stocks climbed Tuesday, following US markets in largely shrugging off Friday’s weak jobs data, while the dollar sprang back after Friday’s swoon.

Ray Dalio’s dire view on Europe is paying off. His Bridgewater Associates, the world’s largest hedge fund, climbed about 14 percent this year through March in one of its strategies, according to a…

Russian authorities are describing the country’s economic downturn and western sanctions against it as opportunities to reduce its reliance on energy exports by developing domestic, innovative…

As Mexico confronts two years of government austerity, nothing symbolizes people’s sense of malaise more than the soaring price of eggs.

The UK economy maintained a steady pace of expansion in the first quarter of 2015 and looks set to gather momentum in the current period, according to the latest growth indicator from the CBI (…

Russian inflation accelerated in March to the fastest on an annual basis since 2002 even as slowing weekly readings may allow the central bank to cut borrowing costs further.

Producer prices fell at an annual rate of 2.8% in February, a slower pace of decline than January when prices fell by 3.5%.

Economists polled by Reuters had forecast annual factory gate…

Japanese Prime Minister Shinzo Abe has assured Rajasthan Chief Minister Vasundhara Raje on increased Japanese investment flow to her state saying his government was closely watching the changes in…

Minister of Planning and International Cooperation Imad Fakhoury and Director General of the Arab Fund for Economic and Social Development (AFESD), Abdul Latif Al Hamad signed a $100 million soft…

Germany has moved up a notch in an index measuring nations’ e-commerce sales. But a fresh study says online revenues alone are not good enough, with omni-channel players to be the big winners in…

It’s deja vu time all over again for the world economy. That means you can expect output to pick up after a disappointingly sluggish first quarter, say economists at JPMorgan Chase & Co. and…

The Philippines holds the world’s second largest gold reserves, and applications from foreign mining firms are piling up to tap that plus a list of other metals that basically just sit under…