The end of the year produced a number of media celebrations for the United States’ economic comeback. News stories endlessly touted the 5.0 percent GDP growth number for the third quarter,…
World Economy
The plunge in oil prices in the past six months won’t affect Kuwait’s economic development projects and the government will continue to support capital expenditure in the economy, Finance Minister…
Oman achieved a 233.5m riyals ($606m) budget surplus by end of last November due to relatively stable oil prices, beating projections the budget would suffer a 1.8b riyal deficit, official figures…
Annual inflation in Turkey ticked up to 8.17% in 2014, slightly higher than 2013 and well over the central bank’s medium-term target, the state statistics office said Monday. However the figure…
As 2015 kicks off, investors are skittish. Stocks are pricey. Historically, the price-to-earnings ratio for the S&P 500 is a tad over 15, according to Bespoke Investment Group. Today’s…
Most Persian Gulf stock markets fell on Sunday after Brent crude oil closed down nearly a dollar a barrel at $56.42 on Friday and many investors remained absent from the markets for…
The German government sees a potential Greek exit from the euro area as manageable, Der Spiegel cited unidentified government sources in Berlin.
Once a flagship policy of French President Francois Hollande, the 75-percent “super tax” on top earners limps into its final weeks this month having sparked plenty of controversy but few economic…
As we step into 2015, it would appear that on the back of a US economic recovery, the dark days of the financial crisis are behind us. As the largest economy, accounting for more than one-fifth of…
The General Statistics Office (GSO) reports Vietnam’s GDP grew by 5.98% for calendar year 2014 – the highest growth rate since 2011. The consumer price index (CPI) declined sharply for the year…
Call it the Great Divide: The new year figures to be one of robust economic growth in the US, with slowdowns, stagnation and setbacks everywhere else in the world, Business Growth said. The list…
India’s reforms agenda is on track and the economy is on its way to transition to 6.5% growth and 6% inflation levels, says a Morgan Stanley report, PTI said. According to the global financial…
Japanese companies see this year favorably as reflected by Kyodo agency, pointing widespread optimism regarding economic issue. The report of this weekend added that most of the Japanese companies…
Italy posted a state sector budget surplus of 5.1 billion euros ($6.1b) in December, sharply lower than the 15.58 billion euros posted in Dec. 2013, weighed down by lower tax revenues,…
Minister of Labor Adel Fakeih has revealed that the government plans to create jobs for 300,000 Saudis in the private sector. Economy and Planning, Finance and Labor Ministries would launch 36…
As a probe continues into misuse of stock markets for routing black money and tax evasion, the regulatory and other agencies suspect that GDR (Global Depositary Receipt) route is being used for…
Turkey’s central bank increased the foreign-currency reserve ratios required of banks and financing companies, after a month in which the lira was among the world’s worst-performing emerging-…
In August 2012, during a visit to Canada, German Chancellor Angela Merkel swept aside doubts about her support for Mario Draghi and his promise, weeks before, to do whatever it takes to preserve…
China seems to be ramping things up as it plans a vigorous foray into the world of technology and sky-rocket the country’s high-tech economy. China looks forward to triple the…
Last year was a lackluster year for Taiwan’s economy, with the exception of the anticipation for Apple’s iPhone 6 shipments and the boom for the biotech industry in the first half of the year. The…
Dubai’s government is forecasting a 9% increase in budget spending for 2015 of $11.2b (AED41b). Despite the increase, this will be the first deficit-free budget set by the Emirate since the onset…
The HSBC India Purchasing Managers’ Index (PMI), reflecting business activities, registered a two-year high in December, much in contrast with the government’s IIP (Index for Industrial…
The US factory sector grew at its slowest pace in six months in December, a sign that weakness in the global economy is weighing on the United States. The Institute for Supply Management (ISM…
Canadian exporters stung by Russia’s currency crisis and its retaliatory sanctions against the West wonder what 2015 will hold for a market filled with promise less than 12 months ago.
Growing and exporting flowers used to be a blooming business in Gaza. But not anymore.
The industry has long been withering since Israel tightened its blockade in 2007 after Hamas took…
