Union minister Hardeep Singh Puri on Tuesday asserted that India can become a five trillion dollar economy much before 2028 and said the country’s energy transition needs to be done in an orderly manner to safeguard the interests of its […]
According to a statement from UBA, an initial disbursement of $2.25 billion has been executed, with a subsequent second tranche of $1.05 billion expected to be disbursed. The $3.3 billion emergency loan was secured to stabilize the country’s volatile foreign […]
The UAE’s GDP is expected to expand by over 5 percent in 2024, exceeding the 2.8 percent growth expected for the global economy, according to Standard & Poor’s (S&P) Global Ratings projections. Tatiana Leskova, Associate Director of Corporate Ratings at […]
Russia’s tax revenue from its energy sector dropped 24% in 2023 as oil prices and Moscow’s natural gas exports fell. The Kremlin generated 8.82 trillion rubles ( $99.3 billion) last year, according to Bloomberg, citing new data from the Russian […]
Hobbled by high interest rates, persistent inflation, slumping trade and a diminished China, the global economy will slow for a third consecutive year in 2024. That is the picture sketched by the World Bank, which forecast Tuesday that the world […]
Cryptocurrencies are experiencing a remarkable surge in popularity across the African continent, reshaping financial landscapes and providing innovative solutions to longstanding challenges. From facilitating cross-border payments to offering a hedge against inflation, digital currencies have become a transformative force. In […]
The World Bank warned on Tuesday that global growth in 2024 is set to slow for a third year in a row, prolonging poverty and debilitating debt levels in many developing countries. Hamstrung by the COVID-19 pandemic, then the war […]
The World Food Programme is planning to feed 270,000 hungry Zimbabweans over the next three months, an official said on Friday, as the country braces for a poor harvest due to an El Nino-induced drought. A logo of the World […]
The Asian Development Bank (ADB) has supported Indonesia’s first social bond and sukuk issuance. State-owned secondary finance company PT. Sarana Multigriya Finansial (SMF) raised 500 billion rupiah ($32.4 million) through a social bond and 200 billion rupiah ($13 million) through […]
The UAE’s non-oil sector reported its second-best performance in nearly five years, with 2023 closing on a strong note according to the S&P Global Purchasing Managers’ Index. Favourable economic trends, coupled with an upturn in new business intakes drove the […]
