MENA Newswire News Desk: The Federal Reserve on Wednesday cut its benchmark interest rate by half a percentage point, marking the first reduction since the Covid pandemic. The Federal Open Market Committee’s decision to lower...
Tag : economic growth
MENA Newswire News Desk: Saudi Arabia’s non-oil activities surged by 4.9% year-on-year in the second quarter of 2024, propelled by robust growth in the financial and insurance sectors, according to the General Authority for Statistics (GASTAT)....
India is set to unveil its largest deep-water port, Vadhvan, in Maharashtra on Friday, with Prime Minister Narendra Modi slated to lay the foundation stone, according to a report by Asian News International (ANI). The...
Saudi Arabia's Foreign Direct Investment (FDI) has experienced significant growth, reaching nearly $215 billion in 2023. Khalid Al Falih, the Saudi Minister of Investment, attributes this surge to several key reforms enacted in recent years....
The United Arab Emirates is experiencing continued growth in key economic sectors, according to the latest report from the Organisation of the Petroleum Exporting Countries (OPEC). Released on Monday, the August Monthly Oil Market Report...
In a historic declaration, Indian Prime Minister Narendra Modi claimed victory for his alliance in India’s general election, emphasizing the mandate to advance his transformative agenda. Modi hailed the win as a triumph of democracy,...
Demand for new housing in China is expected to plummet by approximately 50% in the coming decade, posing challenges for Beijing's efforts to boost overall economic growth, according to the International Monetary Fund (IMF). The...
In a significant gathering at the ADNOC Headquarters, UAE President Sheikh Mohamed bin Zayed Al Nahyan chaired the annual ADNOC Board of Directors Meeting. During this meeting, His Highness reiterated the UAE's steadfast dedication to...
Moody's Investors Service is expressing mounting apprehension over the sovereign creditworthiness of Asia-Pacific countries in 2024. Their negative outlook stems from a combination of factors: China's lackluster economic growth, tight funding conditions, and persistent geopolitical...
Germany, Europe's economic powerhouse, experienced a contraction in its economy for the first time since the Covid-19 pandemic began. The Federal Statistical Office of Germany (Destatis) revealed a 0.3% decrease in the Gross Domestic Product...