World Economy

In the 17th edition of the Ernst & Young Technology, Media & Entertainment and Telecommunications Global Capital Confidence Barometer, 45% of senior executives across the TMT industry…

The Asian Development Bank on Wednesday raised its economic growth estimate for developing Asia to 6% for this year from a previous estimate of 5.9%, citing stronger than expected exports and…

Qatar has projected a deficit of about $ 7.7 billion in its budget for 2018 for the third consecutive year because of falling energy prices, the country’s finance ministry said Wednesday,…

The EU is coming under mounting pressure to include countries within the bloc in its global crackdown on tax havens.

In the European Parliament, the socialists and democrats group has…

Brazil’s President Michel Temer warned on Wednesday that the Brazilian economy could suffer if his social security overhaul bill is not approved by congress, and he urged the country’s mayors to…

After the announcement of a complete victory over terrorism in Iraq, many countries have already indicated their interest in bolstering economic cooperation with Baghdad, Fallah al-Lami, the UN…

Global shares were within a whisker of another record high on Wednesday as markets traded on expectations of a third US interest rate hike of the year, and waited to hear from the Federal…

Somalia’s economic growth is expected to pick up next year and in 2019 after drought and security issues cut growth this year, the International Monetary Fund said. The fund said the economy was…

For the financial markets and the global economy, 2017 has been a pretty good year. All the major fears about 2017 that dominated the latter stages of 2016—a market crash in the event of a Trump…

Property prices in Scotland have continued to rise year-on-year, according to the latest monthly UK House Price Index. It showed the average price of a property in Scotland in October was £143,…

As per the Central Bank of Egypt, on a year-over-year basis, Egypt’s core inflation dropped to 25.53% in November compared with 30.53% in October.

Core inflation excludes volatile items…

The European Central Bank is likely to raise its growth forecasts when it meets Thursday, as the fragile economic recovery in the region slowly gathers pace. This will be President Mario Draghi'…

Economists fear that the Bank of Japan’s ultra-low interest rates could hurt banks’ ability to do business if they are kept too long, a Reuters poll found on Wednesday.

Singapore’s economic growth this year is expected to come in at 3.3%, according to private-sector economists polled in a quarterly survey by the Monetary Authority of Singapore released on…

Consumer price inflation hit a near six-year high of 3.1% in November. This means that the Bank of England governor will have to write to the chancellor to explain what he is doing in response,…

A new UN report flags subdued private investment in India as a major concern, which has declined as share of GDP from 40% in 2010 to 30% in 2017.

The International Monetary Fund has praised the Afghan government’s measures in structural reforms and the pursuit of self-reliance despite persisting challenges, the finance ministry said…

The World Bank will stop financing oil and gas exploration and extraction from 2019, it announced Tuesday at a climate summit seeking to boost the global economy’s shift to cleaner energy.

Russian economy minister has urged the World Trade Organization to make global trade free from sanctions. Maksim Oreshkin has called on the trade body to put an end to what he called a “…

Malaysia’s industrial production growth rate decelerated in October, slowing for the second month in a row as mining output and factory activities eased, while electricity generation rose,…

The Turkish economy recorded 11.1% year-on-year growth in the third quarter of 2017, hitting highest quarterly growth since 2011, official data showed, Anadolu Agency reported. According to the…

Saudi Arabia plans to raise domestic petrol and jet fuel prices in January, part of a program to gradually eliminate energy subsidies as the kingdom seeks to overhaul its economy and balance the…

The National Competitiveness Council has warned of the negative consequences of the scarcity and high cost of accommodation for the economy. The accommodation issue impacts the country’s…

Regardless of a return to solid economic growth, the risk of sharp appreciation in the yen means Japan’s central bank would be in no rush to exit its ultra-loose monetary policy, say sources…

The world’s biggest companies could be hiding the biggest risks. That’s because companies such as Amazon.com Inc. and Alibaba Group Holding Ltd are overvalued, according to Robert Naess, a…