The recovery in Taiwan’s economy has become “firmly rooted” after the country’s index of economic monitoring indicators continued to show steady growth in November, according to an analysis by…
World Economy
As crude prices tumble, landowners across Texas are accelerating production of a different kind of oil – olive oil.
Russian lenders are stepping up efforts to tap Islamic finance as international sanctions and a slump in oil prices push the world’s biggest energy exporter to the brink of a recession…
The UAE’s gross domestic product (GDP) rose up to Dh1.54 trillion ($419 billion) in 2014 from Dh314.81 billion ($85.7 billion) recorded at the beginning of Sheikh Khalifa bin Zayed Al Nahyan,…
The Reserve Bank of India expects retail inflation to stay at around 6% in the next 12 months. “The Reserve Bank’s latest projections suggest that Consumer Price Index inflation may…
Britain’s National Association of Estate Agent members do not believe that the recent government announcements to build more new homes will be enough to meet demand in 2015. The NAEA November…
Sales at South Korea’s top department stores fell in November by the fastest pace in nearly two years on an annual basis, Malay Mail Online reported. Combined sales last month at department stores…
Morocco is forecast to enter a growth phase after managing to avoid the setbacks of the 2011 Arab Spring, according to the country’s central bank, Itar Tass said. “We see…
Russia will provide 120,000 tons of wheat supplies to Egypt before a duty on grain exports takes effect on February 1, Vice Chairman of the Arab republic’s General Authority for Supply Commodities…
Canada’s mining sector is bracing for another challenging year in 2015 as slower growth in China is expected to continue to dampen selling prices for many metals.
With an estimated $25 billion worth of FDI in its kitty during 2014, the government is eyeing a quantum jump in the foreign capital hitting Indian shores in the new year as it hopes to reap the…
The People’s Bank of China (PBOC) will change rules governing how loan-to-deposit ratios are calculated at banks starting from next year, according to a copy of a central bank document…
Irifat Babyan looks in dismay at her apricot trees covered in snow. The combination of crop failure and currency fluctuations has left many farmers in Armenia in a deep financial hole.
Their international competitors may be cheering tumbling oil prices, but the collapse in the ruble has meant major financial turbulence for Russian airlines who have expenses in foreign currencies…
Swiss banking giant Credit Suisse can be prosecuted for its role in the US housing finance meltdown, according to a court decision, which dismissed the company’s bid to halt a suit, AFP reported.…
The consortium expanding the Panama Canal is making fresh claims for cost overruns totaling $737 million, officials say.
Canal administrator Jorge Quijano told reporters that the Panama…
The US economy posted its strongest growth in 11 years during the third quarter, supported by robust consumer spending and business investment.
Gross domestic product, the broadest measure…
Growth in Germany, Europe's biggest economy, could be better than expected next year and the situation in Europe is not as bad as many people think, the president of Germany's Bundesbank…
China’s trade will grow 3.5 percent in 2014, implying the country will fall short of a current 7.5 percent official growth target, according to a report on the Ministry of Commerce’s website that…
Mexican annual inflation unexpectedly ticked higher in the first half of December as a weaker peso threatens to push up consumer prices in Latin America’s second biggest economy, The Gulf Today…
Saudi Arabia is seeking to open its $509b stock exchange to foreign investors in April. The Capital Market Authority informed brokers and fund managers of the timeline in London last…
Electric car maker Tesla Motors will launch its Roadster model with a redesigned battery pack that will increase the distance the car can travel on a single charge by nearly two-…
Recovery growth of the Russian economy may start in 2016, Russian Minister of Economic Development Alexey Ulyukayev said.
Many people are profoundly pessimistic about the Chinese economy’s growth prospects, owing to the emergence of massive debt, excessive investment, overcapacity, and so-called “ghost cities” since…
A report coming out of Southeast Asia looks at the way in which India is set, within the decade, to become the largest economy in the Commonwealth and the third largest overall. This is being seen…
